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 Willdan Group stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $33.01, for a total transaction of $188,388.07. Following the sale, the insider now owns 1,613,241 shares of the company’s stock, valued at $53,253,085.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 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 stock was sold at an average price of $32.84, for a total transaction 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 transaction 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 transaction 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 Price Performance

WLDN traded up $0.02 during trading on Wednesday, hitting $33.10. The company’s stock had a trading volume of 55,650 shares, compared to its average volume of 56,305. The company has a current ratio of 1.79, a quick ratio of 1.67 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $457.34 million, a price-to-earnings ratio of 35.59 and a beta of 1.47. The business’s fifty day simple moving average is $26.98 and its 200 day simple moving average is $22.39. Willdan Group, Inc. has a twelve month low of $15.42 and a twelve month high of $33.50.

Willdan Group (NASDAQ:WLDN) last released its quarterly earnings results on Thursday, March 7th. The construction company reported $0.72 earnings per share (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 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 quarter last year, the company earned $0.25 EPS. On average, equities research analysts forecast that Willdan Group, Inc. will post 1.5 EPS for the current fiscal year.

Institutional Trading of Willdan Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Conestoga Capital Advisors LLC boosted its holdings in Willdan Group by 1.0% in the 1st quarter. Conestoga Capital Advisors LLC now owns 55,823 shares of the construction company’s stock worth $1,618,000 after buying an additional 540 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in shares of Willdan Group by 0.7% in the third quarter. Kennedy Capital Management LLC now owns 164,272 shares of the construction company’s stock worth $3,356,000 after acquiring an additional 1,199 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Willdan Group by 27.2% during the fourth quarter. SG Americas Securities LLC now owns 6,776 shares of the construction company’s stock worth $146,000 after purchasing an additional 1,448 shares in the last quarter. Summit Creek Advisors LLC raised its stake in Willdan Group by 0.4% in the 3rd quarter. Summit Creek Advisors LLC now owns 382,803 shares of the construction company’s stock valued at $7,821,000 after purchasing an additional 1,587 shares during the last quarter. Finally, New York State Common Retirement Fund lifted 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. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

WLDN has been the subject of a number of research reports. Wedbush restated an “outperform” rating and set a $35.00 target price on shares of Willdan Group in a research report on Monday. Roth Mkm restated a “buy” rating and set a $34.00 target price (up from $27.00) on shares of Willdan Group in a research report on Friday, March 22nd. Finally, StockNews.com downgraded shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 16th.

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.