Insider Selling: Willdan Group, Inc. (NASDAQ:WLDN) Director Sells 7,700 Shares of Stock

Willdan Group, Inc. (NASDAQ:WLDN) Director Thomas Donald Brisbin sold 7,700 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $41.69, for a total value of $321,013.00. Following the completion of the transaction, the director now directly owns 422,104 shares in the company, valued at approximately $17,597,515.76. This represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, November 25th, Thomas Donald Brisbin sold 7,700 shares of Willdan Group stock. The shares were sold at an average price of $43.45, for a total transaction of $334,565.00.

Willdan Group Stock Performance

NASDAQ:WLDN opened at $40.40 on Wednesday. The company has a market cap of $570.65 million, a price-to-earnings ratio of 24.79 and a beta of 1.36. Willdan Group, Inc. has a fifty-two week low of $17.23 and a fifty-two week high of $50.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a fifty day moving average price of $43.84 and a 200-day moving average price of $38.02.

Institutional Investors Weigh In On Willdan Group

Several institutional investors and hedge funds have recently bought and sold shares of WLDN. Wulff Hansen & CO. increased its holdings in Willdan Group by 2,785.0% in the 2nd 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 period. Lord Abbett & CO. LLC bought a new position in Willdan Group in the third quarter valued at approximately $15,608,000. Allspring Global Investments Holdings LLC acquired a new position in Willdan Group during the third quarter valued at approximately $2,970,000. Acadian Asset Management LLC lifted its stake in Willdan Group by 1,905.2% during the second quarter. Acadian Asset Management LLC now owns 55,144 shares of the construction company’s stock worth $1,588,000 after purchasing an additional 52,394 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Willdan Group by 339.9% in the 2nd quarter. Renaissance Technologies LLC now owns 55,426 shares of the construction company’s stock valued at $1,599,000 after purchasing an additional 42,826 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wedbush reiterated an “outperform” rating and issued a $51.00 price objective on shares of Willdan Group in a research note on Monday, November 4th. StockNews.com cut shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th.

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.