Fund L.P. Forager Sells 5,707 Shares of Willdan Group, Inc. (NASDAQ:WLDN) Stock

Willdan Group, Inc. (NASDAQ:WLDN) major shareholder Fund L.P. Forager sold 5,707 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $33.01, for a total transaction of $188,388.07. Following the completion of the sale, the insider now directly owns 1,613,241 shares of the company’s stock, valued at approximately $53,253,085.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, May 6th, Fund L.P. Forager sold 10,830 shares of Willdan Group stock. The stock was sold at an average price of $32.84, for a total transaction of $355,657.20.
• On Friday, May 3rd, Fund L.P. Forager sold 86,483 shares of Willdan Group stock. The stock was 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 Trading Up 3.9 %

Shares of Willdan Group stock opened at $34.40 on Friday. Willdan Group, Inc. has a fifty-two week low of $15.87 and a fifty-two week high of $34.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.67 and a current ratio of 1.79. The firm has a market capitalization of $475.30 million, a price-to-earnings ratio of 36.99 and a beta of 1.47. The stock has a 50 day moving average of $27.51 and a 200 day moving average of $22.55.

Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings data on Thursday, March 7th. The construction company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.37. The firm had revenue of $155.68 million for 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 period in the previous year, the firm earned $0.25 EPS. As a group, research analysts predict that Willdan Group, Inc. will post 1.5 earnings per share for the current year.

Institutional Trading of Willdan Group

Several institutional investors have recently added to or reduced their stakes in WLDN. Essex Investment Management Co. LLC boosted its position in shares of Willdan Group by 1.6% during the first quarter. Essex Investment Management Co. LLC now owns 135,336 shares of the construction company’s stock worth $3,923,000 after buying an additional 2,100 shares during the period. Wulff Hansen & CO. grew its position in Willdan Group by 19.3% in the 1st quarter. Wulff Hansen & CO. now owns 23,165 shares of the construction company’s stock valued at $672,000 after acquiring an additional 3,750 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Willdan Group by 82.5% during the first quarter. BNP Paribas Financial Markets now owns 6,080 shares of the construction company’s stock worth $176,000 after purchasing an additional 2,748 shares during the period. Conestoga Capital Advisors LLC lifted 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 worth $1,618,000 after purchasing an additional 540 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Willdan Group by 16.2% in the first quarter. Los Angeles Capital Management LLC now owns 16,703 shares of the construction company’s stock valued at $484,000 after purchasing an additional 2,329 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on WLDN. Wedbush reissued an “outperform” rating and issued a $35.00 price target on shares of Willdan Group in a research note on Monday. 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 issued a $34.00 price target (up previously from $27.00) on shares of Willdan Group in a report on Friday, March 22nd.

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.