Willdan Group's (WLDN) "Buy" Rating Reaffirmed at Roth Capital

Key Points

• Roth Capital has restated its "buy" rating for Willdan Group (NASDAQ: WLDN) and raised its price target to $103.00, indicating a potential upside of 14.27% from the current stock price.
• Insider trading reported that Director Thomas Donald Brisbin sold 22,459 shares at an average price of $52.34, reducing his ownership by 5.05%.
• Institutional investors hold 72.29% of Willdan Group's shares, with several firms recently boosting their stakes in the company.

Roth Capital restated their buy rating on shares of Willdan Group (NASDAQ:WLDN - Free Report) in a report published on Tuesday morning, Marketbeat Ratings reports. Roth Capital currently has a $103.00 target price on the construction company's stock, up from their previous target price of $62.00.

Separately, Wedbush reaffirmed an "outperform" rating on shares of Willdan Group in a report on Thursday, July 10th.

Willdan Group Price Performance

Shares of Willdan Group stock traded down $2.02 during mid-day trading on Tuesday, reaching $86.00. 334,587 shares of the stock were exchanged, compared to its average volume of 189,914. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.35. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 50.89 and a beta of 1.31. Willdan Group has a fifty-two week low of $30.43 and a fifty-two week high of $92.76. The firm has a 50-day simple moving average of $69.00 and a 200 day simple moving average of $49.58.

Insider Transactions at Willdan Group

In related news, Director Thomas Donald Brisbin sold 22,459 shares of Willdan Group stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $52.34, for a total value of $1,175,504.06. Following the completion of the sale, the director directly owned 422,454 shares in the company, valued at $22,111,242.36. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Micah Chen sold 10,000 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $48.20, for a total value of $482,000.00. Following the transaction, the vice president owned 38,502 shares in the company, valued at approximately $1,855,796.40. This trade represents a 20.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,000 shares of company stock valued at $4,994,075 over the last 90 days. 8.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Willdan Group

Several institutional investors have recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new stake in Willdan Group in the 1st quarter valued at approximately $10,313,000. Wells Fargo & Company MN boosted its holdings in Willdan Group by 2,934.0% during the fourth quarter. Wells Fargo & Company MN now owns 175,334 shares of the construction company's stock worth $6,678,000 after purchasing an additional 169,555 shares during the last quarter. Nuveen Asset Management LLC grew its position in Willdan Group by 136.0% in the fourth quarter. Nuveen Asset Management LLC now owns 208,059 shares of the construction company's stock valued at $7,925,000 after purchasing an additional 119,888 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in Willdan Group in the 1st quarter valued at $4,687,000. Finally, Kingstone Capital Partners Texas LLC bought a new stake in Willdan Group during the 2nd quarter worth about $6,807,000. 72.29% of the stock is owned by institutional investors.

About Willdan Group

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.