Insider Selling: Willdan Group, Inc. (NASDAQ:WLDN) Director Sells $235,177.47 in Stock

Willdan Group, Inc. (NASDAQ:WLDN) Director Thomas Donald Brisbin sold 7,347 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $32.01, for a total value of $235,177.47. Following the completion of the sale, the director now owns 413,908 shares of the company’s stock, valued at approximately $13,249,195.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, May 20th, Thomas Donald Brisbin sold 14,426 shares of Willdan Group stock. The stock was sold at an average price of $32.06, for a total value of $462,497.56.

Willdan Group Stock Performance

Willdan Group stock opened at $31.51 on Thursday. Willdan Group, Inc. has a 52 week low of $15.87 and a 52 week high of $34.81. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.43. The stock has a market cap of $435.47 million, a P/E ratio of 33.88 and a beta of 1.47. The stock has a 50 day moving average of $29.20 and a 200-day moving average of $23.47.

Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings data on Thursday, March 7th. The construction company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.37. The firm had revenue of $155.68 million for the quarter, compared to the consensus estimate 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 firm posted $0.25 EPS. On average, analysts expect that Willdan Group, Inc. will post 1.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Willdan Group

A number of hedge funds have recently bought and sold shares of WLDN. Acadian Asset Management LLC lifted its holdings in Willdan Group by 168.3% during the 1st quarter. Acadian Asset Management LLC now owns 2,750 shares of the construction company’s stock worth $78,000 after buying an additional 1,725 shares during the last quarter. EntryPoint Capital LLC bought a new position in Willdan Group during the first quarter worth $90,000. New York State Common Retirement Fund boosted its holdings in 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 worth $106,000 after purchasing an additional 2,001 shares during the period. SG Americas Securities LLC increased its stake in Willdan Group by 27.2% during the fourth quarter. SG Americas Securities LLC now owns 6,776 shares of the construction company’s stock valued at $146,000 after purchasing an additional 1,448 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings 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 worth $176,000 after purchasing an additional 2,748 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WLDN has been the topic of a number of recent research reports. StockNews.com cut shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 16th. Roth Mkm reiterated a “buy” rating and issued a $34.00 price objective (up previously from $27.00) on shares of Willdan Group in a report 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, May 6th.

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.