Willdan Group, Inc. (NASDAQ:WLDN) Major Shareholder Sells $341,110.00 in Stock

Willdan Group, Inc. (NASDAQ:WLDN) major shareholder Fund L.P. Forager sold 11,000 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $31.01, for a total value of $341,110.00. Following the sale, the insider now owns 1,475,837 shares in the company, valued at approximately $45,765,705.37. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Fund L.P. Forager also recently made the following trade(s):

• On Thursday, June 6th, Fund L.P. Forager sold 12,840 shares of Willdan Group stock. The shares were sold at an average price of $32.03, for a total value of $411,265.20.
• On Wednesday, May 15th, Fund L.P. Forager sold 5,505 shares of Willdan Group stock. The shares were sold at an average price of $32.60, for a total value of $179,463.00.
• On Monday, May 13th, Fund L.P. Forager sold 1,799 shares of Willdan Group stock. The shares were sold at an average price of $32.32, for a total value of $58,143.68.
• On Friday, May 10th, Fund L.P. Forager sold 15,580 shares of Willdan Group stock. The shares were sold at an average price of $33.15, for a total value of $516,477.00.
• 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 value of $188,388.07.
• 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 value of $355,657.20.
• 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 stock was 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 stock was sold at an average price of $29.83, for a total value of $311,902.48.

Willdan Group Stock Performance

WLDN stock traded down $0.74 during midday trading on Monday, reaching $30.67. The company had a trading volume of 72,828 shares, compared to its average volume of 59,224. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average price of $30.04 and a 200 day moving average price of $24.51. Willdan Group, Inc. has a fifty-two week low of $17.09 and a fifty-two week high of $34.81. The firm has a market capitalization of $423.86 million, a PE ratio of 32.98 and a beta of 1.44.

Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.20. The business had revenue of $122.49 million during the quarter, compared to the consensus estimate of $114.02 million. Willdan Group had a return on equity of 10.62% and a net margin of 2.44%. Analysts anticipate that Willdan Group, Inc. will post 1.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on WLDN shares. Wedbush reiterated an “outperform” rating and issued a $35.00 price target on shares of Willdan Group in a research note on Monday, May 6th. Roth Mkm restated 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. Finally, StockNews.com downgraded Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 16th.

Hedge Funds Weigh In On Willdan Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC boosted its position in shares of Willdan Group by 168.3% during the first 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 period. EntryPoint Capital LLC bought a new stake in Willdan Group during the first quarter worth approximately $90,000. New York State Common Retirement Fund raised its holdings in Willdan Group by 62.6% during 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 in the last quarter. SG Americas Securities LLC increased its holdings in shares of Willdan Group by 27.2% in the fourth quarter. SG Americas Securities LLC now owns 6,776 shares of the construction company’s stock valued at $146,000 after buying an additional 1,448 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Willdan Group by 82.5% in 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 in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

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.