Willdan Group, Inc. (NASDAQ:WLDN) CEO Michael A. Bieber Sells 4,394 Shares of Stock

Willdan Group, Inc. (NASDAQ:WLDN) CEO Michael A. Bieber sold 4,394 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $30.98, for a total value of $136,126.12. Following the sale, the chief executive officer now owns 167,503 shares in the company, valued at $5,189,242.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Willdan Group Price Performance

Shares of WLDN stock opened at $30.25 on Friday. The stock’s fifty day simple moving average is $30.20 and its 200 day simple moving average is $24.74. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a market cap of $418.06 million, a price-to-earnings ratio of 32.76 and a beta of 1.44. Willdan Group, Inc. has a one year low of $17.09 and a one year high of $34.81.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wedbush restated an “outperform” rating and set a $35.00 price objective on shares of Willdan Group in a research report on Monday, May 6th. Roth Mkm restated a “buy” rating and set a $34.00 price objective (up from $27.00) on shares of Willdan Group in a research report on Friday, March 22nd. Finally, StockNews.com cut Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 16th.

Institutional Trading of Willdan Group

Several institutional investors have recently bought and sold shares of the stock. Swedbank AB acquired a new stake in Willdan Group in the 1st quarter valued at $12,628,000. Summit Creek Advisors LLC boosted its stake in Willdan Group by 3.3% in the first 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 in the last quarter. Rock Point Advisors LLC boosted its stake in Willdan Group by 1.4% in the fourth 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 in the last quarter. Kennedy Capital Management LLC boosted its stake in Willdan Group by 0.7% in the third 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. Finally, Essex Investment Management Co. LLC boosted its stake in Willdan Group by 1.6% in the first 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 in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

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.