ValuEngine lowered shares of Willdan Group, Inc. (NASDAQ:WLDN) from a buy rating to a hold rating in a research note published on Monday morning.

A number of other brokerages have also recently issued reports on WLDN. BidaskClub cut Willdan Group from a strong-buy rating to a buy rating in a report on Tuesday, July 25th. Wedbush reissued an outperform rating on shares of Willdan Group in a report on Wednesday, July 12th.

Willdan Group (NASDAQ WLDN) opened at 32.81 on Monday. The company’s 50-day moving average price is $30.80 and its 200-day moving average price is $31.65. Willdan Group has a 52-week low of $15.25 and a 52-week high of $36.87. The firm has a market cap of $284.23 million, a price-to-earnings ratio of 29.16 and a beta of 1.30.

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In related news, insider Marc Tipermas sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $35.78, for a total transaction of $178,900.00. Following the sale, the insider now directly owns 43,333 shares in the company, valued at approximately $1,550,454.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 13.30% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its position in Willdan Group by 0.6% during the 2nd quarter. Renaissance Technologies LLC now owns 475,700 shares of the construction company’s stock worth $14,533,000 after acquiring an additional 2,984 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Willdan Group by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 408,688 shares of the construction company’s stock worth $12,485,000 after acquiring an additional 30,030 shares during the last quarter. Vanguard Group Inc. grew its position in Willdan Group by 12.8% during the 2nd quarter. Vanguard Group Inc. now owns 306,407 shares of the construction company’s stock worth $9,361,000 after acquiring an additional 34,791 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in Willdan Group during the 2nd quarter worth approximately $5,417,000. Finally, Thrivent Financial For Lutherans bought a new stake in Willdan Group during the 2nd quarter worth approximately $5,331,000. Institutional investors and hedge funds own 57.22% of the company’s stock.

About Willdan Group

Willdan Group, Inc is a holding company. The Company provides professional technical and consulting services to utilities, private industry and public agencies at all levels of government, primarily in California and New York. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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