Dynamic Technology Lab Private Ltd Lowers Holdings in 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 position in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 53.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,654 shares of the construction company's stock after selling 8,872 shares during the period. Dynamic Technology Lab Private Ltd owned about 0.05% of Willdan Group worth $311,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in shares of Willdan Group by 1,809.7% in the 1st quarter. GAMMA Investing LLC now owns 2,158 shares of the construction company's stock worth $88,000 after purchasing an additional 2,045 shares in the last quarter. Virtus Advisers LLC bought a new stake in Willdan Group in the 1st quarter worth about $191,000. Wilsey Asset Management Inc. purchased a new position in Willdan Group in the 1st quarter worth about $213,000. Graham Capital Management L.P. purchased a new position in Willdan Group in the 4th quarter worth about $213,000. Finally, Algert Global LLC bought a new position in Willdan Group during the 1st quarter valued at about $250,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WLDN has been the subject of several research reports. Zacks Research raised shares of Willdan Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. Wedbush lifted 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 price target (up from $62.00) on shares of Willdan Group in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $111.50.

Insider Transactions at Willdan Group

In related news, Director Steven A. Cohen sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $116.34, for a total transaction of $290,850.00. Following the completion of the transaction, the director directly owned 26,849 shares in the company, valued at approximately $3,123,612.66. The trade was a 8.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Wanda Kay Reder sold 850 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $119.46, for a total transaction of $101,541.00. Following the completion of the sale, the director directly owned 10,676 shares of the company's stock, valued at $1,275,354.96. This represents a 7.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 399,141 shares of company stock valued at $43,089,466. Company insiders own 8.60% of the company's stock.

Willdan Group Stock Performance

Willdan Group stock traded up $3.69 during trading on Thursday, reaching $105.75. The company had a trading volume of 507,597 shares, compared to its average volume of 433,936. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 44.25 and a beta of 1.31. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.22. The firm's 50-day simple moving average is $97.61 and its 200 day simple moving average is $65.04. Willdan Group, Inc. has a 52 week low of $30.43 and a 52 week high of $121.00.

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.