Willdan Group (NASDAQ:WLDN) Sees Unusually-High Trading Volume – Time to Buy?

Willdan Group, Inc. (NASDAQ:WLDN) saw unusually-high trading volume on Monday . Approximately 102,927 shares traded hands during trading, an increase of 11% from the previous session’s volume of 92,326 shares.The stock last traded at $43.33 and had previously closed at $43.18.

Analysts Set New Price Targets

Several equities analysts have recently commented on WLDN shares. Roth Mkm upped their price target on Willdan Group from $34.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Wedbush initiated coverage on shares of Willdan Group in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $51.00 price target for the company. Finally, StockNews.com downgraded shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 9th.

Willdan Group Stock Up 1.2 %

The business’s fifty day moving average price is $39.22 and its 200 day moving average price is $33.66. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $632.27 million, a PE ratio of 49.13 and a beta of 1.41.

Willdan Group (NASDAQ:WLDN) last issued its earnings results on Thursday, August 1st. The construction company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.29 by $0.15. Willdan Group had a net margin of 3.10% and a return on equity of 12.06%. The company had revenue of $141.00 million for the quarter, compared to analyst estimates of $123.07 million. During the same period in the previous year, the firm earned $0.19 EPS. On average, equities research analysts forecast that Willdan Group, Inc. will post 1.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Willdan Group

In other news, CEO Michael A. Bieber sold 10,346 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $36.61, for a total value of $378,767.06. Following the completion of the sale, the chief executive officer now owns 169,726 shares in the company, valued at approximately $6,213,668.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Willdan Group news, CEO Michael A. Bieber sold 10,346 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $36.61, for a total transaction of $378,767.06. Following the sale, the chief executive officer now directly owns 169,726 shares of the company’s stock, valued at approximately $6,213,668.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael A. Bieber sold 9,209 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $36.36, for a total value of $334,839.24. Following the completion of the sale, the chief executive officer now directly owns 169,726 shares in the company, valued at approximately $6,171,237.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,305 shares of company stock worth $1,105,451 in the last 90 days. 9.80% of the stock is owned by company insiders.

Institutional Trading of Willdan Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Willdan Group during the third quarter valued at $44,000. ProShare Advisors LLC purchased a new position in Willdan Group during the 2nd quarter valued at about $48,000. Acadian Asset Management LLC boosted its holdings 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 purchasing an additional 1,725 shares during the period. EntryPoint Capital LLC acquired a new position in Willdan Group in the 1st quarter valued at approximately $90,000. Finally, BNP Paribas Financial Markets grew its stake in 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 purchasing an additional 2,748 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

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.