Willdan Group, Inc. (NASDAQ:WLDN) CFO Creighton K. Early Sells 7,764 Shares

Key Points

• Creighton K. Early, CFO of Willdan Group, sold 7,764 shares at an average price of $116.54, totaling approximately $904,816.56, resulting in a 9.73% decrease in his holdings.
• Willdan Group's stock traded down to $113.01, with a recent market cap of $1.66 billion and a P/E ratio of 47.28.
• Analyst ratings for Willdan Group improved recently, with Wedbush raising the price target to $120.00 and Roth Capital increasing it to $103.00, reflecting growing investor confidence.

Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) CFO Creighton K. Early sold 7,764 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $116.54, for a total value of $904,816.56. Following the transaction, the chief financial officer directly owned 72,071 shares in the company, valued at approximately $8,399,154.34. This represents a 9.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Willdan Group Price Performance

Shares of WLDN stock traded down $7.34 during midday trading on Friday, reaching $113.01. 991,231 shares of the company were exchanged, compared to its average volume of 212,216. Willdan Group, Inc. has a 12 month low of $30.43 and a 12 month high of $121.00. The company has a market cap of $1.66 billion, a P/E ratio of 47.28 and a beta of 1.31. The company's 50 day moving average price is $75.87 and its two-hundred day moving average price is $52.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.61 and a current ratio of 1.43.

Analyst Upgrades and Downgrades

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

Institutional Trading of Willdan Group

A number of hedge funds have recently bought and sold shares of WLDN. Wasatch Advisors LP acquired a new position in Willdan Group during the second quarter valued at approximately $20,188,000. Lazard Asset Management LLC raised its holdings in Willdan Group by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 96,210 shares of the construction company's stock valued at $6,014,000 after buying an additional 5,939 shares during the last quarter. HRT Financial LP boosted its stake in Willdan Group by 230.0% during the second quarter. HRT Financial LP now owns 32,729 shares of the construction company's stock worth $2,045,000 after acquiring an additional 22,810 shares in the last quarter. Engineers Gate Manager LP raised its stake in shares of Willdan Group by 3.3% during the 2nd quarter. Engineers Gate Manager LP now owns 6,925 shares of the construction company's stock worth $433,000 after purchasing an additional 222 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Willdan Group by 281.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 47,479 shares of the construction company's stock valued at $2,968,000 after buying an additional 35,044 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

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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