Willdan Group (NASDAQ:WLDN) Director Sells $771,526.95 in Stock

Willdan Group, Inc. (NASDAQ:WLDN) Director Thomas Donald Brisbin sold 7,405 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $104.19, for a total transaction of $771,526.95. Following the transaction, the director directly owned 313,291 shares in the company, valued at approximately $32,641,789.29. This trade represents a 2.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, August 18th, Thomas Donald Brisbin sold 130,082 shares of Willdan Group stock. The stock was sold at an average price of $109.69, for a total transaction of $14,268,694.58.
• On Tuesday, May 27th, Thomas Donald Brisbin sold 22,459 shares of Willdan Group stock. The shares were sold at an average price of $52.34, for a total transaction of $1,175,504.06.
• On Friday, May 23rd, Thomas Donald Brisbin sold 1,626 shares of Willdan Group stock. The shares were sold at an average price of $51.54, for a total transaction of $83,804.04.

Willdan Group Stock Performance

NASDAQ:WLDN opened at $106.27 on Friday. Willdan Group, Inc. has a twelve month low of $30.43 and a twelve month high of $121.00. The company has a market capitalization of $1.56 billion, a P/E ratio of 44.46 and a beta of 1.31. The firm has a 50-day moving average price of $80.95 and a two-hundred day moving average price of $55.10. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.22.

Institutional Investors Weigh In On Willdan Group

Hedge funds have recently modified their holdings of the stock. AdvisorShares Investments LLC acquired a new stake in shares of Willdan Group in the second quarter worth approximately $30,000. Tower Research Capital LLC TRC boosted its position in shares of Willdan Group by 470.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company’s stock worth $64,000 after acquiring an additional 1,387 shares during the last quarter. USA Financial Formulas purchased a new position in Willdan Group in the second quarter valued at approximately $65,000. McIlrath & Eck LLC purchased a new position in Willdan Group in the first quarter valued at approximately $75,000. Finally, Raymond James Financial Inc. purchased a new position in Willdan Group in the second quarter valued at approximately $80,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on WLDN shares. Wedbush raised their price target on shares of Willdan Group from $85.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Roth Capital reaffirmed a “buy” rating and set a $103.00 price target (up from $62.00) on shares of Willdan Group in a research note on Tuesday, August 5th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $111.50.

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.