Dynamic Technology Lab Private Ltd Sells 8,872 Shares of Willdan Group, Inc. $WLDN

Key Points

• Dynamic Technology Lab Private Ltd sold 8,872 shares of Willdan Group, Inc., reducing its stake by 53.7% in the first quarter, leaving them with a total of 7,654 shares valued at approximately $311,000.
• Insider transactions included Director Thomas Donald Brisbin selling 130,082 shares for around $14.3 million, marking a 28.86% decrease in his ownership.
• Zacks Research upgraded Willdan Group to a "strong-buy" rating, with a consensus target price of $111.50 from various analysts, signaling positive market sentiment.

Dynamic Technology Lab Private Ltd reduced its stake in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 53.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,654 shares of the construction company's stock after selling 8,872 shares during the period. Dynamic Technology Lab Private Ltd owned 0.05% of Willdan Group worth $311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Willdan Group by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,530 shares of the construction company's stock valued at $307,000 after purchasing an additional 312 shares in the last quarter. Royal Bank of Canada increased its stake in Willdan Group by 3.2% in the first quarter. Royal Bank of Canada now owns 76,990 shares of the construction company's stock valued at $3,134,000 after purchasing an additional 2,386 shares in the last quarter. Trexquant Investment LP increased its stake in Willdan Group by 27.2% in the first quarter. Trexquant Investment LP now owns 109,096 shares of the construction company's stock valued at $4,442,000 after purchasing an additional 23,314 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in Willdan Group in the first quarter valued at $460,000. Finally, Virtus Advisers LLC bought a new stake in shares of Willdan Group during the first quarter worth about $191,000. 72.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Willdan Group

In related news, Director Wanda Kay Reder sold 850 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $119.46, for a total transaction of $101,541.00. Following the transaction, the director directly owned 10,676 shares in the company, valued at approximately $1,275,354.96. The trade was a 7.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Donald Brisbin sold 130,082 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $109.69, for a total transaction of $14,268,694.58. Following the transaction, the director owned 320,696 shares in the company, valued at approximately $35,177,144.24. This trade represents a 28.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 399,141 shares of company stock valued at $43,089,466 in the last quarter. 8.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on WLDN shares. Zacks Research raised shares of Willdan Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Wedbush boosted their target price on shares of Willdan Group from $85.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Finally, Roth Capital reissued a "buy" rating and set a $103.00 target price (up from $62.00) on shares of Willdan Group in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $111.50.

Willdan Group Stock Down 4.6%

Willdan Group stock opened at $100.99 on Friday. Willdan Group, Inc. has a fifty-two week low of $30.43 and a fifty-two week high of $121.00. The stock has a market cap of $1.48 billion, a PE ratio of 42.26 and a beta of 1.31. The firm's 50-day simple moving average is $95.27 and its 200 day simple moving average is $63.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.43 and a current ratio of 1.43.

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.

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