Willdan Group, Inc. (NASDAQ:WLDN) Major Shareholder Sells $2,702,593.75 in Stock

Willdan Group, Inc. (NASDAQ:WLDN) major shareholder Fund L.P. Forager sold 86,483 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $31.25, for a total transaction of $2,702,593.75. Following the sale, the insider now directly owns 1,641,258 shares in the company, valued at $51,289,312.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more 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 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 Up 9.9 %

Shares of NASDAQ WLDN opened at $31.29 on Monday. The firm has a 50 day moving average price of $26.50 and a 200 day moving average price of $22.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market cap of $432.43 million, a P/E ratio of 33.65 and a beta of 1.47. Willdan Group, Inc. has a 52-week low of $14.10 and a 52-week high of $32.66.

Willdan Group (NASDAQ:WLDN) last announced its earnings results on Thursday, March 7th. The construction company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.35 by $0.37. Willdan Group had a net margin of 2.44% and a return on equity of 10.80%. The firm had revenue of $155.68 million for the quarter, compared to the consensus estimate of $160.00 million. During the same period last year, the company posted $0.25 EPS. Analysts expect that Willdan Group, Inc. will post 1.5 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com cut Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 16th. Roth Mkm reaffirmed a “buy” rating and issued a $34.00 price objective (up from $27.00) on shares of Willdan Group in a research note on Friday, March 22nd. Finally, Wedbush upped their target price on shares of Willdan Group from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, March 25th.

Hedge Funds Weigh In On Willdan Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WLDN. Summit Creek Advisors LLC boosted its position in Willdan Group by 0.4% during the third 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. Rock Point Advisors LLC boosted its holdings in shares of Willdan Group by 1.4% in the 4th quarter. Rock Point Advisors LLC now owns 329,475 shares of the construction company’s stock valued at $7,084,000 after buying an additional 4,464 shares during the last quarter. Kennedy Capital Management LLC grew 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 valued at $3,356,000 after buying an additional 1,199 shares in the last quarter. Essex Investment Management Co. LLC increased its holdings in Willdan Group by 1.6% during the first quarter. Essex Investment Management Co. LLC now owns 135,336 shares of the construction company’s stock worth $3,923,000 after buying an additional 2,100 shares during the last quarter. Finally, EAM Investors LLC bought a new stake in Willdan Group during the third quarter worth $1,183,000. 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.