Willdan Group, Inc. (NASDAQ:WLDN) Director Steven A. Cohen Sells 2,500 Shares

Key Points

• Steven A. Cohen, a director at Willdan Group, sold 2,500 shares of the company's stock for a total of $290,850, reducing his stake by 8.52% to 26,849 shares.
• Willdan Group's stock has seen significant activity, with a 1.7% increase recently, bringing the price to $120.35 and reflecting a market capitalization of $1.76 billion.
• Research analysts have updated their price targets, with Roth Capital setting a new target of $103 and Wedbush increasing theirs to $120, both indicating a positive outlook for the stock.

Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) Director Steven A. Cohen sold 2,500 shares of the company's stock in a transaction dated 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 sale, the director owned 26,849 shares in the company, valued at $3,123,612.66. This represents a 8.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Willdan Group Stock Performance

WLDN stock traded down $3.87 during trading on Tuesday, reaching $105.67. The stock had a trading volume of 46,486 shares, compared to its average volume of 214,874. The stock's 50 day moving average is $78.03 and its two-hundred day moving average is $53.92. Willdan Group, Inc. has a 52 week low of $30.43 and a 52 week high of $121.00. 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 has a market cap of $1.55 billion, a PE ratio of 44.21 and a beta of 1.31.

Institutional Investors Weigh In On Willdan Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Willdan Group by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 774,212 shares of the construction company's stock valued at $31,526,000 after buying an additional 22,227 shares during the period. Lord Abbett & CO. LLC increased its holdings in shares of Willdan Group by 13.4% during the 4th quarter. Lord Abbett & CO. LLC now owns 432,135 shares of the construction company's stock valued at $16,460,000 after purchasing an additional 51,003 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Willdan Group by 13.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 419,319 shares of the construction company's stock worth $15,972,000 after acquiring an additional 49,217 shares during the period. Geode Capital Management LLC lifted its stake in shares of Willdan Group by 10.3% in the second quarter. Geode Capital Management LLC now owns 336,752 shares of the construction company's stock worth $21,054,000 after buying an additional 31,561 shares in the last quarter. Finally, Wasatch Advisors LP purchased a new stake in shares of Willdan Group in the second quarter valued at about $20,188,000. 72.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WLDN. Roth Capital reaffirmed a "buy" rating and issued a $103.00 price target (up from $62.00) on shares of Willdan Group in a report on Tuesday, August 5th. Wedbush increased their price target on shares of Willdan Group from $85.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, August 8th.

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.