Fund L.P. Forager Sells 10,456 Shares of Willdan Group, Inc. (NASDAQ:WLDN) Stock

Willdan Group, Inc. (NASDAQ:WLDN) major shareholder Fund L.P. Forager sold 10,456 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $29.83, for a total transaction of $311,902.48. Following the sale, the insider now directly owns 1,900,057 shares of the company’s stock, valued at $56,678,700.31. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Willdan Group Stock Down 0.7 %

NASDAQ WLDN traded down $0.21 during trading hours on Thursday, reaching $28.99. 148,138 shares of the company traded hands, compared to its average volume of 47,441. Willdan Group, Inc. has a 12 month low of $13.86 and a 12 month high of $30.46. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $399.19 million, a PE ratio of 36.96 and a beta of 1.45. The company has a 50 day moving average of $22.15 and a two-hundred day moving average of $20.70.

Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings results on Thursday, March 7th. The construction company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.37. Willdan Group had a net margin of 2.14% and a return on equity of 10.17%. The company had revenue of $155.68 million for the quarter, compared to the consensus estimate of $160.00 million. During the same period last year, the firm posted $0.25 EPS. As a group, equities analysts expect that Willdan Group, Inc. will post 1.5 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. UBS Group AG boosted its holdings in shares of Willdan Group by 68.4% in the 3rd quarter. UBS Group AG now owns 1,694 shares of the construction company’s stock valued at $25,000 after buying an additional 688 shares during the period. Tower Research Capital LLC TRC boosted its stake in Willdan Group by 680.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the construction company’s stock valued at $36,000 after purchasing an additional 1,537 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of Willdan Group during the 3rd quarter worth about $45,000. Barclays PLC raised its position in shares of Willdan Group by 499.4% during the 4th quarter. Barclays PLC now owns 3,117 shares of the construction company’s stock worth $55,000 after buying an additional 2,597 shares in the last quarter. Finally, Citigroup Inc. bought a new stake in shares of Willdan Group during the 2nd quarter worth about $70,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WLDN has been the subject of a number of recent analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $34.00 price target (up from $27.00) on shares of Willdan Group in a report on Friday, March 22nd. Wedbush increased their price objective on shares of Willdan Group from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday. Finally, StockNews.com downgraded shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 16th.

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.