Willdan Group, Inc. (NASDAQ:WLDN) Major Shareholder Fund L.P. Forager Sells 10,830 Shares

Willdan Group, Inc. (NASDAQ:WLDN) major shareholder Fund L.P. Forager sold 10,830 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $32.84, for a total transaction of $355,657.20. Following the transaction, the insider now directly owns 1,630,428 shares of the company’s stock, valued at approximately $53,543,255.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Fund L.P. Forager also recently made the following trade(s):

• On Wednesday, May 8th, Fund L.P. Forager sold 5,707 shares of Willdan Group stock. The stock was sold at an average price of $33.01, for a total value of $188,388.07.
• On Friday, May 3rd, Fund L.P. Forager sold 86,483 shares of Willdan Group stock. The shares were sold at an average price of $31.25, for a total value of $2,702,593.75.
• On Wednesday, May 1st, Fund L.P. Forager sold 50,208 shares of Willdan Group stock. The stock was sold at an average price of $28.85, for a total value of $1,448,500.80.
• On Tuesday, March 26th, Fund L.P. Forager sold 10,456 shares of Willdan Group stock. The shares were sold at an average price of $29.83, for a total value of $311,902.48.

Willdan Group Stock Performance

Willdan Group stock traded up $0.02 during mid-day trading on Wednesday, reaching $33.10. 55,650 shares of the company’s stock were exchanged, compared to its average volume of 56,305. Willdan Group, Inc. has a one year low of $15.42 and a one year high of $33.50. The firm has a market capitalization of $457.34 million, a PE ratio of 35.60 and a beta of 1.47. The business’s fifty day simple moving average is $26.98 and its 200 day simple moving average is $22.39. The company has a quick ratio of 1.67, a current ratio of 1.79 and a debt-to-equity ratio of 0.43.

Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings results on Thursday, March 7th. The construction company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.37. The company had revenue of $155.68 million during the quarter, compared to analyst estimates of $160.00 million. Willdan Group had a net margin of 2.44% and a return on equity of 10.62%. During the same quarter in the prior year, the business earned $0.25 earnings per share. On average, sell-side analysts expect that Willdan Group, Inc. will post 1.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on WLDN shares. Wedbush restated an “outperform” rating and issued a $35.00 price target on shares of Willdan Group in a research report on Monday. Roth Mkm reaffirmed a “buy” rating and issued a $34.00 price target (up from $27.00) on shares of Willdan Group in a research note on Friday, March 22nd. Finally, StockNews.com downgraded Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 16th.

Institutional Trading of Willdan Group

Institutional investors have recently added to or reduced their stakes in the stock. Conestoga Capital Advisors LLC increased its position in shares of Willdan Group by 1.0% during the first quarter. Conestoga Capital Advisors LLC now owns 55,823 shares of the construction company’s stock valued at $1,618,000 after buying an additional 540 shares during the period. Kennedy Capital Management LLC lifted its stake in Willdan Group by 0.7% in 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 in the last quarter. SG Americas Securities LLC boosted its holdings in Willdan Group by 27.2% in the 4th quarter. SG Americas Securities LLC now owns 6,776 shares of the construction company’s stock valued at $146,000 after purchasing an additional 1,448 shares during the period. Summit Creek Advisors LLC boosted its holdings in Willdan Group by 0.4% in the 3rd quarter. Summit Creek Advisors LLC now owns 382,803 shares of the construction company’s stock valued at $7,821,000 after purchasing an additional 1,587 shares during the period. Finally, New York State Common Retirement Fund grew its position in shares of Willdan Group by 62.6% during the 3rd quarter. New York State Common Retirement Fund now owns 5,200 shares of the construction company’s stock valued at $106,000 after purchasing an additional 2,001 shares in the last quarter. Hedge funds and other institutional investors 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.