Willdan Group, Inc. (NASDAQ:WLDN) Major Shareholder Fund L.P. Forager Sells 50,208 Shares

Willdan Group, Inc. (NASDAQ:WLDN) major shareholder Fund L.P. Forager sold 50,208 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $28.85, for a total transaction of $1,448,500.80. Following the completion of the sale, the insider now owns 1,748,416 shares of the company’s stock, valued at $50,441,801.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Fund L.P. Forager also recently made the following trade(s):

• On Friday, May 3rd, Fund L.P. Forager sold 86,483 shares of Willdan Group stock. The stock was sold at an average price of $31.25, for a total transaction of $2,702,593.75.
• On Tuesday, March 26th, Fund L.P. Forager sold 10,456 shares of Willdan Group stock. The shares were sold at an average price of $29.83, for a total value of $311,902.48.

Willdan Group Stock Up 9.9 %

NASDAQ WLDN opened at $31.29 on Friday. Willdan Group, Inc. has a 1 year low of $14.10 and a 1 year high of $32.66. The stock has a market capitalization of $432.43 million, a PE ratio of 33.65 and a beta of 1.47. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.67 and a quick ratio of 1.67. The business’s 50-day moving average is $26.50 and its 200 day moving average is $22.17.

Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings data on Thursday, March 7th. The construction company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.37. The firm had revenue of $155.68 million for the quarter, compared to analyst estimates of $160.00 million. Willdan Group had a return on equity of 10.80% and a net margin of 2.44%. During the same period last year, the company earned $0.25 EPS. Sell-side analysts forecast that Willdan Group, Inc. will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

WLDN has been the subject of several analyst reports. Wedbush increased their target price on Willdan Group from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, March 25th. StockNews.com lowered Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 16th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $34.00 target price (up from $27.00) on shares of Willdan Group in a research note on Friday, March 22nd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Conestoga Capital Advisors LLC increased its position in shares of Willdan Group by 1.0% during the first quarter. Conestoga Capital Advisors LLC now owns 55,823 shares of the construction company’s stock valued at $1,618,000 after buying an additional 540 shares during the period. Kennedy Capital Management LLC grew its holdings in shares of Willdan Group by 0.7% during the 3rd quarter. Kennedy Capital Management LLC now owns 164,272 shares of the construction company’s stock worth $3,356,000 after acquiring an additional 1,199 shares during the period. SG Americas Securities LLC raised its position in shares of Willdan Group by 27.2% in the 4th quarter. SG Americas Securities LLC now owns 6,776 shares of the construction company’s stock worth $146,000 after acquiring an additional 1,448 shares in the last quarter. Summit Creek Advisors LLC lifted its stake in shares of Willdan Group by 0.4% in the 3rd quarter. Summit Creek Advisors LLC now owns 382,803 shares of the construction company’s stock valued at $7,821,000 after purchasing an additional 1,587 shares during the period. Finally, New York State Common Retirement Fund boosted its position in shares of Willdan Group by 62.6% during the third quarter. New York State Common Retirement Fund now owns 5,200 shares of the construction company’s stock valued at $106,000 after purchasing an additional 2,001 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

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.