Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) 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 completion of the transaction, the insider now owns 1,613,241 shares in the company, valued at approximately $53,253,085.41. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 Monday, May 6th, Fund L.P. Forager sold 10,830 shares of Willdan Group stock. The shares were 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 shares were 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 transaction 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 transaction of $311,902.48.
Willdan Group Price Performance
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WLDN stock opened at $33.10 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.67 and a current ratio of 1.79. 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 firm has a 50 day moving average price of $27.24 and a 200-day moving average price of $22.46. Willdan Group, Inc. has a 52-week low of $15.42 and a 52-week high of $33.50.
Willdan Group (NASDAQ:WLDN - Get Free Report) last announced its quarterly earnings data 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. Willdan Group had a return on equity of 10.62% and a net margin of 2.44%. The business had revenue of $155.68 million during the quarter, compared to analysts' expectations of $160.00 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. Equities research analysts forecast that Willdan Group, Inc. will post 1.5 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of WLDN. New York State Common Retirement Fund lifted its position 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 acquiring an additional 2,001 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Willdan Group during the third quarter valued at $109,000. BNP Paribas Financial Markets increased its holdings in Willdan Group by 82.5% in the 1st quarter. BNP Paribas Financial Markets now owns 6,080 shares of the construction company's stock worth $176,000 after buying an additional 2,748 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Willdan Group in the 3rd quarter worth about $213,000. Finally, Bailard Inc. purchased a new stake in shares of Willdan Group during the 4th quarter valued at about $258,000. 72.29% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Wedbush restated an "outperform" rating and set a $35.00 price target on shares of Willdan Group in a report on Monday. StockNews.com downgraded shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 16th. Finally, Roth Mkm reiterated a "buy" rating and set a $34.00 target price (up previously from $27.00) on shares of Willdan Group in a report on Friday, March 22nd.
Check Out Our Latest Analysis on WLDN
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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