Willdan Group, Inc. (NASDAQ:WLDN) Major Shareholder Fund L.P. Forager Sells 6,642 Shares of Stock

Willdan Group, Inc. (NASDAQ:WLDN) major shareholder Fund L.P. Forager sold 6,642 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $29.40, for a total transaction of $195,274.80. Following the completion of the sale, the insider now owns 1,449,455 shares in the company, valued at approximately $42,613,977. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 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 Friday, June 14th, Fund L.P. Forager sold 699 shares of Willdan Group stock. The stock was sold at an average price of $30.02, for a total transaction of $20,983.98.
• On Wednesday, June 12th, Fund L.P. Forager sold 7,941 shares of Willdan Group stock. The stock was sold at an average price of $31.31, for a total transaction of $248,632.71.
• On Monday, June 10th, Fund L.P. Forager sold 11,000 shares of Willdan Group stock. The stock was sold at an average price of $31.01, for a total transaction of $341,110.00.
• On Thursday, June 6th, Fund L.P. Forager sold 12,840 shares of Willdan Group stock. The stock was sold at an average price of $32.03, for a total transaction of $411,265.20.
• On Wednesday, May 15th, Fund L.P. Forager sold 5,505 shares of Willdan Group stock. The stock was sold at an average price of $32.60, for a total transaction of $179,463.00.
• On Monday, May 13th, Fund L.P. Forager sold 1,799 shares of Willdan Group stock. The stock was sold at an average price of $32.32, for a total transaction of $58,143.68.
• On Friday, May 10th, Fund L.P. Forager sold 15,580 shares of Willdan Group stock. The stock was sold at an average price of $33.15, for a total transaction of $516,477.00.
• On Wednesday, May 8th, Fund L.P. Forager sold 5,707 shares of Willdan Group stock. The shares were sold at an average price of $33.01, for a total value of $188,388.07.
• On Monday, May 6th, Fund L.P. Forager sold 10,830 shares of Willdan Group stock. The shares were sold at an average price of $32.84, for a total value of $355,657.20.
• 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.

Willdan Group Stock Performance

Willdan Group stock opened at $29.45 on Wednesday. The stock has a 50-day simple moving average of $30.29 and a 200 day simple moving average of $25.01. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.43. Willdan Group, Inc. has a 12-month low of $17.09 and a 12-month high of $34.81. The stock has a market capitalization of $407.00 million, a price-to-earnings ratio of 31.67 and a beta of 1.44.

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

Analyst Ratings Changes

A number of brokerages have issued reports on WLDN. Roth Mkm reissued a “buy” rating and set a $34.00 price objective (up from $27.00) on shares of Willdan Group in a report on Friday, March 22nd. StockNews.com raised Willdan Group from a “buy” rating to a “strong-buy” rating in a report on Monday. Finally, Wedbush reissued an “outperform” rating and set a $35.00 price objective on shares of Willdan Group in a report on Monday, May 6th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Swedbank AB bought a new stake in Willdan Group during the 1st quarter worth about $12,628,000. Comerica Bank increased its stake in shares of Willdan Group by 4.2% in the 1st quarter. Comerica Bank now owns 9,864 shares of the construction company’s stock valued at $286,000 after acquiring an additional 395 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Willdan Group in the 1st quarter valued at about $1,239,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Willdan Group in the 1st quarter valued at about $201,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Willdan Group by 4.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,107 shares of the construction company’s stock valued at $351,000 after acquiring an additional 493 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

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.