Insider Selling: Willdan Group, Inc. (NASDAQ:WLDN) Major Shareholder Sells $311,902.48 in Stock

Willdan Group, Inc. (NASDAQ:WLDNGet Free Report) major shareholder Fund L.P. Forager sold 10,456 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $29.83, for a total value of $311,902.48. Following the completion of the transaction, the insider now owns 1,900,057 shares of the company’s stock, valued at $56,678,700.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Willdan Group Trading Down 0.7 %

WLDN stock opened at $28.99 on Friday. The company has a market cap of $399.19 million, a price-to-earnings ratio of 36.70 and a beta of 1.45. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $22.56 and a 200-day simple moving average of $20.82. Willdan Group, Inc. has a 52 week low of $13.86 and a 52 week high of $30.46.

Willdan Group (NASDAQ:WLDNGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The construction company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.37. Willdan Group had a return on equity of 10.17% and a net margin of 2.14%. The firm had revenue of $155.68 million during the quarter, compared to the consensus estimate of $160.00 million. During the same period in the prior year, the firm earned $0.25 EPS. On average, equities research analysts expect that Willdan Group, Inc. will post 1.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WLDN shares. Roth Mkm reiterated a “buy” rating and issued a $34.00 price target (up from $27.00) on shares of Willdan Group in a report on Friday, March 22nd. Wedbush boosted their price target on Willdan Group from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, March 25th. Finally, StockNews.com downgraded Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 16th.

Read Our Latest Report on WLDN

Institutional Trading of Willdan Group

Large investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund increased its holdings 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 valued at $106,000 after purchasing an additional 2,001 shares in the last quarter. Panagora Asset Management Inc. boosted its position in Willdan Group by 28.7% in the 3rd quarter. Panagora Asset Management Inc. now owns 42,330 shares of the construction company’s stock valued at $865,000 after buying an additional 9,441 shares during the last quarter. EAM Investors LLC purchased a new position in Willdan Group in the 3rd quarter valued at about $1,183,000. Kennedy Capital Management LLC boosted its position in Willdan Group by 0.7% in the 3rd quarter. Kennedy Capital Management LLC now owns 164,272 shares of the construction company’s stock valued at $3,356,000 after buying an additional 1,199 shares during the last quarter. Finally, Strs Ohio purchased a new position in Willdan Group in the 3rd quarter valued at about $422,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Willdan Group Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Willdan Group (NASDAQ:WLDN)

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