Fund L.P. Forager Sells 10,830 Shares of Willdan Group, Inc. (NASDAQ:WLDN) Stock

Willdan Group, Inc. (NASDAQ:WLDN) major shareholder Fund L.P. Forager sold 10,830 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $32.84, for a total transaction of $355,657.20. Following the transaction, the insider now directly owns 1,630,428 shares in the company, valued at $53,543,255.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, May 8th, Fund L.P. Forager sold 5,707 shares of Willdan Group stock. The stock was sold at an average price of $33.01, for a total value of $188,388.07.
• 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 transaction of $2,702,593.75.
• On Wednesday, May 1st, Fund L.P. Forager sold 50,208 shares of Willdan Group stock. The shares were 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 Stock Up 0.1 %

NASDAQ:WLDN traded up $0.02 during trading hours on Wednesday, hitting $33.10. 55,650 shares of the stock traded hands, compared to its average volume of 56,305. The firm has a market cap of $457.34 million, a price-to-earnings ratio of 35.60 and a beta of 1.47. The firm has a 50 day moving average price of $26.98 and a 200 day moving average price of $22.39. The company has a current ratio of 1.79, a quick ratio of 1.67 and a debt-to-equity ratio of 0.43. Willdan Group, Inc. has a fifty-two week low of $15.42 and a fifty-two week high of $33.50.

Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings results on Thursday, March 7th. The construction company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.35 by $0.37. Willdan Group had a net margin of 2.44% and a return on equity of 10.62%. The business had revenue of $155.68 million during the quarter, compared to analysts’ expectations of $160.00 million. During the same period last year, the company posted $0.25 earnings per share. Equities research analysts anticipate that Willdan Group, Inc. will post 1.5 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on WLDN shares. Roth Mkm reissued a “buy” rating and set a $34.00 target price (up previously from $27.00) on shares of Willdan Group in a research note on Friday, March 22nd. Wedbush reissued an “outperform” rating and set a $35.00 target price on shares of Willdan Group in a report on Monday. Finally, StockNews.com downgraded Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 16th.

Institutional Investors Weigh In On Willdan Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Essex Investment Management Co. LLC lifted its position in shares of Willdan Group by 1.6% during the 1st 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 during the last quarter. Wulff Hansen & CO. increased 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 worth $672,000 after buying an additional 3,750 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Willdan Group by 82.5% in the first quarter. BNP Paribas Financial Markets now owns 6,080 shares of the construction company’s stock valued at $176,000 after acquiring an additional 2,748 shares during the period. Conestoga Capital Advisors LLC grew its stake in shares of Willdan Group by 1.0% in the first quarter. Conestoga Capital Advisors LLC now owns 55,823 shares of the construction company’s stock worth $1,618,000 after acquiring an additional 540 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its position in Willdan Group by 16.2% during the first quarter. Los Angeles Capital Management LLC now owns 16,703 shares of the construction company’s stock worth $484,000 after acquiring an additional 2,329 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

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.