Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) major shareholder Fund L.P. Forager sold 50,208 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $28.85, for a total value of $1,448,500.80. Following the completion of the sale, the insider now owns 1,748,416 shares of the company's stock, valued at $50,441,801.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Fund L.P. Forager also recently made the following trade(s):
- 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 transaction of $2,702,593.75.
- 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 transaction of $311,902.48.
Willdan Group Stock Up 9.9 %
Shares of WLDN opened at $31.29 on Friday. Willdan Group, Inc. has a 52 week low of $14.10 and a 52 week high of $32.66. The company has a market capitalization of $432.43 million, a price-to-earnings ratio of 33.65 and a beta of 1.47. The stock's 50-day moving average price is $26.50 and its 200-day moving average price is $22.16. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.45.
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Willdan Group (NASDAQ:WLDN - Get Free Report) last posted its earnings results on Thursday, March 7th. The construction company reported $0.72 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $160.00 million. During the same period in the previous year, the firm earned $0.25 EPS. On average, sell-side analysts predict that Willdan Group, Inc. will post 1.5 EPS for the current year.
Analyst Ratings Changes
WLDN has been the subject of a number of research reports. Roth Mkm reaffirmed a "buy" rating and set a $34.00 price target (up previously from $27.00) on shares of Willdan Group in a research report on Friday, March 22nd. StockNews.com lowered shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 16th. Finally, Wedbush upped their price objective on shares of Willdan Group from $30.00 to $35.00 and gave the company an "outperform" rating in a report on Monday, March 25th.
Read Our Latest Stock Analysis on WLDN
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of WLDN. SG Americas Securities LLC purchased a new position in shares of Willdan Group in the 3rd quarter valued at about $109,000. Strs Ohio purchased a new stake in shares of Willdan Group in the third quarter valued at approximately $422,000. Summit Creek Advisors LLC raised its stake in shares of Willdan Group by 0.4% during the 3rd quarter. Summit Creek Advisors LLC now owns 382,803 shares of the construction company's stock worth $7,821,000 after buying an additional 1,587 shares during the period. Panagora Asset Management Inc. raised its stake in shares of Willdan Group by 28.7% during the 3rd quarter. Panagora Asset Management Inc. now owns 42,330 shares of the construction company's stock worth $865,000 after buying an additional 9,441 shares during the period. Finally, New York State Common Retirement Fund lifted its position in shares of Willdan Group by 62.6% during 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 buying an additional 2,001 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.
About Willdan Group
(
Get Free Report)
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.
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