Insider Selling: Willdan Group, Inc. (NASDAQ:WLDN) CFO Sells 10,000 Shares of Stock

Willdan Group, Inc. (NASDAQ:WLDN) CFO Creighton K. Early sold 10,000 shares of Willdan Group stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $36.45, for a total value of $364,500.00. Following the sale, the chief financial officer now owns 68,342 shares of the company’s stock, valued at $2,491,065.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Willdan Group Stock Down 0.6 %

NASDAQ:WLDN opened at $35.84 on Friday. Willdan Group, Inc. has a 1-year low of $17.09 and a 1-year high of $38.25. The company has a 50-day moving average of $31.69 and a 200 day moving average of $28.08. The firm has a market cap of $495.20 million, a PE ratio of 38.54 and a beta of 1.38. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.81 and a quick ratio of 1.79.

Willdan Group (NASDAQ:WLDN) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.15. Willdan Group had a net margin of 3.10% and a return on equity of 12.06%. The company had revenue of $141.00 million during the quarter, compared to analyst estimates of $123.07 million. During the same period in the prior year, the firm earned $0.19 earnings per share. As a group, research analysts anticipate that Willdan Group, Inc. will post 1.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on WLDN shares. Wedbush reiterated an “outperform” rating and set a $35.00 target price on shares of Willdan Group in a research report on Monday, May 6th. StockNews.com upgraded Willdan Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 3rd. Finally, Roth Mkm lifted their price objective on Willdan Group from $34.00 to $47.00 and gave the company a “buy” rating in a report on Friday, August 2nd.

Institutional Trading of Willdan Group

Several hedge funds have recently modified their holdings of the company. Wulff Hansen & CO. lifted its position in shares of Willdan Group by 2,785.0% during the second quarter. Wulff Hansen & CO. now owns 668,310 shares of the construction company’s stock valued at $19,281,000 after buying an additional 645,145 shares during the last quarter. Swedbank AB purchased a new stake in shares of Willdan Group during the first quarter valued at about $12,628,000. Summit Creek Advisors LLC lifted its position in shares of Willdan Group by 3.3% during the first quarter. Summit Creek Advisors LLC now owns 374,597 shares of the construction company’s stock valued at $10,860,000 after buying an additional 12,056 shares during the last quarter. Rock Point Advisors LLC lifted its position in shares of Willdan Group by 1.4% during the fourth 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. Finally, Dimensional Fund Advisors LP lifted its position in shares of Willdan Group by 14.6% during the second quarter. Dimensional Fund Advisors LP now owns 324,145 shares of the construction company’s stock valued at $9,351,000 after buying an additional 41,367 shares during the last quarter. 72.29% of the stock is 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.