Insider Selling: Willdan Group, Inc. (NASDAQ:WLDN) Director Sells 2,763 Shares of Stock

Key Points

• Willdan Group, Inc. Director Cynthia Downes sold 2,763 shares at an average price of $109.43, totaling approximately $302,355, reducing her ownership by 23.67%.
• Despite the insider sale, analysts have recently upgraded Willdan Group's stock, with Roth Capital raising its price target to $103 and Wedbush upping it to $120.
• Institutional investors currently hold 72.29% of Willdan Group's shares, indicating strong institutional interest in the company.

Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) Director Cynthia Downes sold 2,763 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $109.43, for a total transaction of $302,355.09. Following the completion of the sale, the director owned 8,909 shares of the company's stock, valued at $974,911.87. The trade was a 23.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Willdan Group Price Performance

NASDAQ:WLDN traded down $3.48 during mid-day trading on Monday, reaching $109.53. 817,603 shares of the company were exchanged, compared to its average volume of 481,679. Willdan Group, Inc. has a 12 month low of $30.43 and a 12 month high of $121.00. The company has a fifty day moving average of $78.03 and a 200 day moving average of $53.92. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.61 billion, a PE ratio of 45.83 and a beta of 1.31.

Analyst Upgrades and Downgrades

WLDN has been the subject of a number of recent research reports. Roth Capital restated a "buy" rating and issued a $103.00 price objective (up previously from $62.00) on shares of Willdan Group in a research note on Tuesday, August 5th. Wedbush increased their price objective on shares of Willdan Group from $85.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, August 8th.

Institutional Investors Weigh In On Willdan Group

A number of hedge funds have recently added to or reduced their stakes in the stock. AdvisorShares Investments LLC bought a new position in shares of Willdan Group in the 2nd quarter valued at about $30,000. Tower Research Capital LLC TRC boosted its stake in shares of Willdan Group by 470.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company's stock valued at $64,000 after purchasing an additional 1,387 shares during the last quarter. USA Financial Formulas bought a new position in shares of Willdan Group in the 2nd quarter valued at about $65,000. McIlrath & Eck LLC bought a new position in shares of Willdan Group in the 1st quarter valued at about $75,000. Finally, Raymond James Financial Inc. bought a new position in shares of Willdan Group in the 2nd quarter valued at about $80,000. Institutional investors own 72.29% of the company's stock.

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.

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