Willdan Group, Inc. (NASDAQ:WLDN) Director Thomas Donald Brisbin Sells 14,426 Shares

Willdan Group, Inc. (NASDAQ:WLDN) Director Thomas Donald Brisbin sold 14,426 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $32.06, for a total transaction of $462,497.56. Following the sale, the director now owns 413,908 shares in the company, valued at $13,269,890.48. The sale was disclosed in a filing with the SEC, which is available at this link.

Thomas Donald Brisbin also recently made the following trade(s):

• On Thursday, May 16th, Thomas Donald Brisbin sold 7,347 shares of Willdan Group stock. The shares were sold at an average price of $32.01, for a total transaction of $235,177.47.

Willdan Group Stock Performance

NASDAQ WLDN opened at $32.11 on Wednesday. Willdan Group, Inc. has a 52-week low of $15.87 and a 52-week high of $34.81. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $443.76 million, a P/E ratio of 34.53 and a beta of 1.47. The company has a fifty day moving average of $29.11 and a 200-day moving average of $23.41.

Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings data on Thursday, March 7th. The construction company reported $0.72 earnings per share (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 company had revenue of $155.68 million during the quarter, compared to the consensus estimate of $160.00 million. During the same period in the previous year, the firm posted $0.25 EPS. As a group, equities research analysts predict that Willdan Group, Inc. will post 1.54 EPS for the current fiscal year.

Analysts Set New Price Targets

WLDN has been the topic of several recent analyst reports. Roth Mkm reiterated 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. StockNews.com cut shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 16th. Finally, Wedbush reiterated an “outperform” rating and issued a $35.00 target price on shares of Willdan Group in a research note on Monday, May 6th.

Institutional Trading of Willdan Group

A number of hedge funds have recently made changes to their positions in the stock. Swedbank AB bought a new stake in shares of Willdan Group during the 1st quarter worth $12,628,000. Summit Creek Advisors LLC raised its position in Willdan Group by 3.3% in the 1st quarter. Summit Creek Advisors LLC now owns 374,597 shares of the construction company’s stock worth $10,860,000 after purchasing an additional 12,056 shares during the period. Rock Point Advisors LLC raised its position in Willdan Group by 1.4% in the 4th quarter. Rock Point Advisors LLC now owns 329,475 shares of the construction company’s stock worth $7,084,000 after purchasing an additional 4,464 shares during the period. Kennedy Capital Management LLC raised 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 worth $3,356,000 after purchasing an additional 1,199 shares during the period. Finally, Essex Investment Management Co. LLC raised its position in Willdan Group by 1.6% in the 1st quarter. Essex Investment Management Co. LLC now owns 135,336 shares of the construction company’s stock worth $3,923,000 after purchasing an additional 2,100 shares during the period. 72.29% of the stock is owned by institutional investors.

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.