Insider Selling: Willdan Group, Inc. (NASDAQ:WLDN) Director Sells $169,386.72 in Stock

Willdan Group, Inc. (NASDAQ:WLDN) Director Thomas Donald Brisbin sold 5,267 shares of Willdan Group stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $32.16, for a total value of $169,386.72. Following the completion of the sale, the director now owns 413,908 shares in the company, valued at $13,311,281.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, May 20th, Thomas Donald Brisbin sold 14,426 shares of Willdan Group stock. The stock was sold at an average price of $32.06, for a total transaction of $462,497.56.
• 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 transaction of $235,177.47.

Willdan Group Stock Performance

Shares of WLDN opened at $31.84 on Friday. Willdan Group, Inc. has a 12-month low of $15.87 and a 12-month high of $34.81. The stock has a market cap of $440.03 million, a P/E ratio of 34.24 and a beta of 1.47. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $29.36 and a two-hundred day moving average of $23.61.

Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.20. The firm had revenue of $122.49 million during the quarter, compared to the consensus estimate of $114.02 million. Willdan Group had a return on equity of 10.62% and a net margin of 2.44%. As a group, research analysts predict that Willdan Group, Inc. will post 1.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of Willdan Group

A number of large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC lifted its holdings in Willdan Group by 168.3% in the 1st quarter. Acadian Asset Management LLC now owns 2,750 shares of the construction company’s stock valued at $78,000 after purchasing an additional 1,725 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of Willdan Group in the first quarter valued at approximately $90,000. New York State Common Retirement Fund lifted its stake in shares of Willdan Group by 62.6% during the third quarter. New York State Common Retirement Fund now owns 5,200 shares of the construction company’s stock valued at $106,000 after buying an additional 2,001 shares during the period. SG Americas Securities LLC boosted its position in Willdan Group by 27.2% during the fourth quarter. SG Americas Securities LLC now owns 6,776 shares of the construction company’s stock worth $146,000 after acquiring an additional 1,448 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake 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 acquiring an additional 2,748 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

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.