Willdan Group, Inc. (NASDAQ:WLDN) CEO Michael A. Bieber Sells 3,333 Shares

Willdan Group, Inc. (NASDAQ:WLDN) CEO Michael A. Bieber sold 3,333 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $31.03, for a total transaction of $103,422.99. Following the transaction, the chief executive officer now owns 164,361 shares in the company, valued at $5,100,121.83. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Willdan Group Stock Performance

WLDN opened at $29.48 on Friday. Willdan Group, Inc. has a 12-month low of $17.09 and a 12-month high of $34.81. The stock has a market cap of $407.41 million, a price-to-earnings ratio of 31.70 and a beta of 1.44. The business has a 50 day moving average of $30.23 and a 200-day moving average of $24.81. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.43.

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

Wall Street Analysts Forecast Growth

WLDN has been the subject of a number of research analyst reports. Wedbush reiterated an “outperform” rating and set a $35.00 price target 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 research report on Saturday, March 16th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $34.00 price objective (up from $27.00) on shares of Willdan Group in a research report on Friday, March 22nd.

Institutional Trading of Willdan Group

Several hedge funds have recently added to or reduced their stakes in the company. Swedbank AB acquired a new stake in Willdan Group during the 1st quarter worth approximately $12,628,000. Summit Creek Advisors LLC lifted its holdings in Willdan Group by 3.3% during the 1st quarter. Summit Creek Advisors LLC now owns 374,597 shares of the construction company’s stock worth $10,860,000 after purchasing an additional 12,056 shares during the last quarter. Rock Point Advisors LLC lifted its holdings in Willdan Group by 1.4% during the 4th quarter. Rock Point Advisors LLC now owns 329,475 shares of the construction company’s stock worth $7,084,000 after purchasing an additional 4,464 shares during the last quarter. Kennedy Capital Management LLC lifted its holdings in Willdan Group by 0.7% during the 3rd quarter. Kennedy Capital Management LLC now owns 164,272 shares of the construction company’s stock worth $3,356,000 after purchasing an additional 1,199 shares during the last quarter. Finally, Essex Investment Management Co. LLC lifted its holdings in Willdan Group by 1.6% during the 1st quarter. Essex Investment Management Co. LLC now owns 135,336 shares of the construction company’s stock worth $3,923,000 after purchasing an additional 2,100 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

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.