Willdan Group, Inc. (NASDAQ:WLDN) Major Shareholder Fund L.P. Forager Sells 10,830 Shares

Willdan Group, Inc. (NASDAQ:WLDN) major shareholder Fund L.P. Forager sold 10,830 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $32.84, for a total value of $355,657.20. Following the sale, the insider now directly owns 1,630,428 shares of the company’s stock, valued at approximately $53,543,255.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 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 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 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 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 Price Performance

WLDN opened at $33.10 on Thursday. Willdan Group, Inc. has a 52-week low of $15.42 and a 52-week high of $33.50. The stock has a market cap of $457.34 million, a P/E ratio of 35.59 and a beta of 1.47. The business has a fifty day moving average of $27.24 and a 200 day moving average of $22.46. The company has a quick ratio of 1.67, a current ratio of 1.79 and a debt-to-equity ratio of 0.43.

Willdan Group (NASDAQ:WLDN) last issued its earnings results on Thursday, March 7th. The construction company reported $0.72 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $0.25 EPS. As a group, sell-side analysts anticipate that Willdan Group, Inc. will post 1.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on WLDN. Wedbush reiterated an “outperform” rating and issued a $35.00 price target on shares of Willdan Group in a research report on Monday. Roth Mkm reissued a “buy” rating and set a $34.00 price target (up from $27.00) on shares of Willdan Group in a research note on Friday, March 22nd. Finally, StockNews.com cut Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 16th.

Institutional Investors Weigh In On Willdan Group

Several hedge funds have recently made changes to their positions in WLDN. New York State Common Retirement Fund lifted its stake 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 worth $106,000 after purchasing an additional 2,001 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Willdan Group during the 3rd quarter worth $109,000. BNP Paribas Financial Markets lifted its stake in shares of Willdan Group by 82.5% during the 1st quarter. BNP Paribas Financial Markets now owns 6,080 shares of the construction company’s stock worth $176,000 after purchasing an additional 2,748 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Willdan Group during the 3rd quarter worth $213,000. Finally, Bailard Inc. purchased a new stake in shares of Willdan Group during the 4th quarter worth $258,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

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.