Insider Selling: Willdan Group, Inc. (NASDAQ:WLDN) Director Sells $462,497.56 in Stock

Willdan Group, Inc. (NASDAQ:WLDN) Director Thomas Donald Brisbin sold 14,426 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $32.06, for a total value of $462,497.56. Following the sale, the director now owns 413,908 shares in the company, valued at $13,269,890.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Thomas Donald Brisbin also recently made the following trade(s):

• On Wednesday, May 22nd, Thomas Donald Brisbin sold 5,267 shares of Willdan Group stock. The shares were sold at an average price of $32.16, for a total value of $169,386.72.
• On Thursday, May 16th, Thomas Donald Brisbin sold 7,347 shares of Willdan Group stock. The shares were sold at an average price of $32.01, for a total value of $235,177.47.

Willdan Group Price Performance

NASDAQ WLDN opened at $31.32 on Friday. Willdan Group, Inc. has a 1-year low of $15.87 and a 1-year high of $34.81. The business’s fifty day moving average price is $29.28 and its 200-day moving average price is $23.52. The stock has a market capitalization of $432.84 million, a price-to-earnings ratio of 33.68 and a beta of 1.47. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.79 and a quick ratio of 1.79.

Willdan Group (NASDAQ:WLDN) last announced its earnings results on Thursday, May 2nd. The construction company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.20. Willdan Group had a return on equity of 10.62% and a net margin of 2.44%. The company had revenue of $122.49 million for the quarter, compared to analysts’ expectations of $114.02 million. On average, equities analysts predict that Willdan Group, Inc. will post 1.54 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on WLDN shares. Roth Mkm reissued a “buy” rating and set a $34.00 price target (up from $27.00) on shares of Willdan Group in a report on Friday, March 22nd. Wedbush reissued an “outperform” rating and set a $35.00 price target on shares of Willdan Group in a report on Monday, May 6th. Finally, StockNews.com cut Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 16th.

Hedge Funds Weigh In On Willdan Group

A number of institutional investors have recently bought and sold shares of WLDN. Panagora Asset Management Inc. raised its holdings in Willdan Group by 28.7% in the 3rd quarter. Panagora Asset Management Inc. now owns 42,330 shares of the construction company’s stock worth $865,000 after purchasing an additional 9,441 shares during the period. New York State Common Retirement Fund raised its holdings 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 worth $106,000 after purchasing an additional 2,001 shares during the period. EAM Investors LLC bought a new stake in Willdan Group during the third quarter valued at about $1,183,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Willdan Group during the third quarter valued at about $213,000. Finally, Quadrature Capital Ltd bought a new stake in Willdan Group during the third quarter valued at about $327,000. 72.29% of the stock is owned by institutional investors.

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.