Willdan Group, Inc. (NASDAQ:WLDN) Major Shareholder Sells $355,657.20 in Stock

Willdan Group, Inc. (NASDAQ:WLDN) major shareholder Fund L.P. Forager sold 10,830 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $32.84, for a total transaction of $355,657.20. Following the transaction, the insider now owns 1,630,428 shares of the company’s stock, valued at approximately $53,543,255.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Wednesday, May 8th, Fund L.P. Forager sold 5,707 shares of Willdan Group stock. The shares were sold at an average price of $33.01, for a total transaction of $188,388.07.
• 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 value of $2,702,593.75.
• On Wednesday, May 1st, Fund L.P. Forager sold 50,208 shares of Willdan Group stock. The shares were 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 value of $311,902.48.

Willdan Group Price Performance

WLDN opened at $34.40 on Friday. The business has a fifty day moving average of $27.51 and a 200 day moving average of $22.55. The stock has a market cap of $475.30 million, a P/E ratio of 36.99 and a beta of 1.47. The company has a quick ratio of 1.67, a current ratio of 1.79 and a debt-to-equity ratio of 0.43. Willdan Group, Inc. has a 52-week low of $15.87 and a 52-week high of $34.50.

Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings results on Thursday, March 7th. The construction company reported $0.72 EPS 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 analysts’ expectations of $160.00 million. Willdan Group had a net margin of 2.44% and a return on equity of 10.62%. During the same period in the prior year, the business posted $0.25 earnings per share. As a group, sell-side analysts anticipate that Willdan Group, Inc. will post 1.5 EPS for the current year.

Hedge Funds Weigh In On Willdan Group

Institutional investors have recently modified their holdings of the stock. New York State Common Retirement Fund boosted its holdings in shares of Willdan Group by 62.6% in 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 during the period. SG Americas Securities LLC bought a new position in shares of Willdan Group during the 3rd quarter worth $109,000. BNP Paribas Financial Markets increased its stake in shares of Willdan Group by 82.5% during the first 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. bought a new stake in shares of Willdan Group in the third quarter valued at about $213,000. Finally, Bailard Inc. purchased a new stake in Willdan Group in the fourth quarter worth about $258,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.