Insider Selling: Willdan Group, Inc. (NASDAQ:WLDN) Major Shareholder Sells 5,707 Shares of Stock

Willdan Group, Inc. (NASDAQ:WLDN) major shareholder Fund L.P. Forager sold 5,707 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $33.01, for a total value of $188,388.07. Following the sale, the insider now directly owns 1,613,241 shares in the company, valued at approximately $53,253,085.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, May 6th, Fund L.P. Forager sold 10,830 shares of Willdan Group stock. The shares were sold at an average price of $32.84, for a total value of $355,657.20.
• On Friday, May 3rd, Fund L.P. Forager sold 86,483 shares of Willdan Group stock. The shares were sold at an average price of $31.25, for a total value of $2,702,593.75.
• On Wednesday, May 1st, Fund L.P. Forager sold 50,208 shares of Willdan Group stock. The stock was sold at an average price of $28.85, for a total value of $1,448,500.80.
• 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 transaction of $311,902.48.

Willdan Group Stock Performance

Shares of WLDN opened at $34.40 on Friday. Willdan Group, Inc. has a one year low of $15.87 and a one year high of $34.50. The company has a 50-day moving average of $27.51 and a two-hundred day moving average of $22.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.79 and a quick ratio of 1.67. The stock has a market cap of $475.30 million, a price-to-earnings ratio of 36.99 and a beta of 1.47.

Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings data on Thursday, March 7th. The construction company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.37. Willdan Group had a net margin of 2.44% and a return on equity of 10.62%. The firm had revenue of $155.68 million during the quarter, compared to analyst estimates of $160.00 million. During the same quarter last year, the business posted $0.25 EPS. On average, equities research analysts expect that Willdan Group, Inc. will post 1.5 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund lifted its stake in Willdan Group by 62.6% in the 3rd quarter. New York State Common Retirement Fund now owns 5,200 shares of the construction company’s stock worth $106,000 after acquiring an additional 2,001 shares in the last quarter. SG Americas Securities LLC purchased a new position in Willdan Group during the third quarter valued at approximately $109,000. BNP Paribas Financial Markets increased its stake in Willdan Group by 82.5% in the 1st quarter. BNP Paribas Financial Markets now owns 6,080 shares of the construction company’s stock valued at $176,000 after buying an additional 2,748 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Willdan Group in the 3rd quarter worth approximately $213,000. Finally, Bailard Inc. acquired a new stake in shares of Willdan Group during the 4th quarter valued at $258,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com lowered shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 16th. Wedbush reiterated an “outperform” rating and set a $35.00 price objective on shares of Willdan Group in a research report on Monday. Finally, Roth Mkm restated a “buy” rating and issued a $34.00 target price (up from $27.00) on shares of Willdan Group in a report on Friday, March 22nd.

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.