Zacks Investment Research cut shares of Willdan Group, Inc. (NASDAQ:WLDN) from a hold rating to a sell rating in a research note released on Saturday.

According to Zacks, “Willdan Group is a provider of professional technical and consulting services to utilities, private industry, and public agencies at all levels of government. Nationwide, they enable their clients to realize cost and energy savings by providing a wide range of specialized services. They assist their clients with a broad range of complementary services relating to: Energy Efficiency and Sustainability; Engineering and Planning; Economic and Financial Consulting; and National Preparedness and Interoperability. They operate their business through a network of offices located primarily in California and New York. They also have operations in Arizona, Colorado, Florida, Illinois, Kansas, Oregon, Texas, Washington and Washington, DC. “

Other equities research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Willdan Group from a strong-buy rating to a buy rating in a research report on Tuesday, July 25th. ValuEngine raised shares of Willdan Group from a hold rating to a buy rating in a research report on Friday, September 1st. Seaport Global Securities reaffirmed a buy rating and set a $37.00 price objective on shares of Willdan Group in a research report on Wednesday, October 11th. Finally, Wedbush reaffirmed an outperform rating on shares of Willdan Group in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Willdan Group has a consensus rating of Hold and an average price target of $37.67.

Willdan Group (NASDAQ:WLDN) opened at 29.32 on Friday. The company’s 50-day moving average is $31.11 and its 200 day moving average is $31.71. Willdan Group has a one year low of $15.25 and a one year high of $36.87. The company has a market capitalization of $254.00 million, a P/E ratio of 26.06 and a beta of 1.30.

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In related news, insider Marc Tipermas sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $35.78, for a total transaction of $178,900.00. Following the completion of the sale, the insider now owns 43,333 shares of the company’s stock, valued at $1,550,454.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 13.30% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in Willdan Group by 0.6% during the second quarter. Renaissance Technologies LLC now owns 475,700 shares of the construction company’s stock worth $14,533,000 after purchasing an additional 2,984 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Willdan Group by 7.9% in the second 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. lifted its holdings in shares of Willdan Group by 12.8% in the second 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 position in shares of Willdan Group in the second quarter worth about $5,417,000. Finally, Thrivent Financial For Lutherans bought a new position in shares of Willdan Group in the second quarter worth about $5,331,000. 57.22% of the stock is owned by institutional investors and hedge funds.

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.

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