Willdan Group (NASDAQ:WLDN) Stock Rating Upgraded by StockNews.com

Willdan Group (NASDAQ:WLDN) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.

Separately, Wedbush upgraded Willdan Group to a “strong-buy” rating in a report on Monday.

Willdan Group Stock Down 0.5 %

WLDN stock traded down $0.19 during trading hours on Tuesday, reaching $40.11. 232,262 shares of the stock were exchanged, compared to its average volume of 122,901. The firm’s 50-day moving average is $35.67 and its 200-day moving average is $39.61. The company has a market cap of $566.55 million, a price-to-earnings ratio of 24.61 and a beta of 1.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.77. Willdan Group has a 12 month low of $24.77 and a 12 month high of $50.00.

Hedge Funds Weigh In On Willdan Group

A number of large investors have recently modified their holdings of WLDN. Principal Financial Group Inc. acquired a new position in shares of Willdan Group during the 3rd quarter worth about $308,000. Los Angeles Capital Management LLC lifted its stake in Willdan Group by 28.9% in the 3rd quarter. Los Angeles Capital Management LLC now owns 54,902 shares of the construction company’s stock valued at $2,248,000 after purchasing an additional 12,304 shares during the last quarter. Quest Partners LLC acquired a new stake in Willdan Group in the 3rd quarter valued at about $373,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Willdan Group by 56.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,612 shares of the construction company’s stock valued at $1,868,000 after purchasing an additional 16,394 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Willdan Group in the 3rd quarter valued at about $208,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Willdan Group Company Profile

Willdan Group, Inc, together with its subsidiaries, provides professional, technical, and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.