Willdan Group (NASDAQ:WLDN) Director Wanda Kay Reder Sells 850 Shares

Key Points

• Willdan Group, Inc. Director Wanda Kay Reder sold 850 shares at an average price of $119.46, totaling $101,541, reducing her ownership by 7.37%.
• The stock traded down to $109.53 with a 52-week low of $30.43 and a high of $121.00, alongside a market capitalization of $1.61 billion.
• Research analysts have recently upgraded their price targets for Willdan Group, with Roth Capital raising its target to $103.00 and Wedbush to $120.00.

Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) Director Wanda Kay Reder sold 850 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $119.46, for a total value of $101,541.00. Following the completion of the transaction, the director directly owned 10,676 shares of the company's stock, valued at $1,275,354.96. The trade was a 7.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Willdan Group Price Performance

NASDAQ WLDN traded up $4.84 during mid-day trading on Friday, hitting $111.11. The stock had a trading volume of 594,438 shares, compared to its average volume of 535,752. Willdan Group, Inc. has a 52-week low of $30.43 and a 52-week high of $121.00. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 46.49 and a beta of 1.31. The company has a 50 day simple moving average of $82.06 and a 200 day simple moving average of $55.77. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.22.

Institutional Investors Weigh In On Willdan Group

Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of Willdan Group by 77.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 158,401 shares of the construction company's stock worth $6,468,000 after purchasing an additional 69,047 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of Willdan Group by 136.0% during the 4th quarter. Nuveen Asset Management LLC now owns 208,059 shares of the construction company's stock worth $7,925,000 after purchasing an additional 119,888 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of Willdan Group by 193.1% during the 1st quarter. Meeder Asset Management Inc. now owns 9,627 shares of the construction company's stock worth $392,000 after purchasing an additional 6,342 shares during the period. Deutsche Bank AG lifted its stake in shares of Willdan Group by 358.0% during the 4th quarter. Deutsche Bank AG now owns 34,935 shares of the construction company's stock worth $1,331,000 after purchasing an additional 27,308 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Willdan Group by 21.4% during the 1st quarter. Victory Capital Management Inc. now owns 36,249 shares of the construction company's stock worth $1,476,000 after purchasing an additional 6,399 shares during the period. Institutional investors and hedge funds own 72.29% of the company's stock.

Wall Street Analyst Weigh In

WLDN has been the subject of several research analyst reports. Roth Capital reaffirmed a "buy" rating and issued a $103.00 price objective (up from $62.00) on shares of Willdan Group in a research note on Tuesday, August 5th. Wedbush increased their target price on Willdan Group from $85.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Finally, Zacks Research upgraded Willdan Group from a "hold" rating to a "strong-buy" rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. According to data from MarketBeat, Willdan Group has an average rating of "Buy" and an average target price of $111.50.

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.