Thomas Donald Brisbin Sells 125,000 Shares of Willdan Group (NASDAQ:WLDN) Stock

Key Points

• Willdan Group Director Thomas Donald Brisbin sold 125,000 shares of stock for a total of $13,052,500, reducing his ownership by 39.90%.
• The stock price of Willdan Group saw an increase of 4.4%, reaching $115.98, with a market cap of $1.70 billion.
• Research analysts have upgraded Willdan Group's rating, with Roth Capital issuing a price target of $103.00 and Wedbush raising theirs to $120.00.

Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) Director Thomas Donald Brisbin sold 125,000 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $104.42, for a total transaction of $13,052,500.00. Following the completion of the transaction, the director owned 188,291 shares of the company's stock, valued at $19,661,346.22. This represents a 39.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Thomas Donald Brisbin also recently made the following trade(s):

• On Friday, August 22nd, Thomas Donald Brisbin sold 117,595 shares of Willdan Group stock. The stock was sold at an average price of $108.72, for a total transaction of $12,784,928.40.
• On Monday, August 25th, Thomas Donald Brisbin sold 5,182 shares of Willdan Group stock. The shares were sold at an average price of $118.15, for a total transaction of $612,253.30.
• On Wednesday, August 20th, Thomas Donald Brisbin sold 7,405 shares of Willdan Group stock. The shares were sold at an average price of $104.19, for a total transaction of $771,526.95.
• On Monday, August 18th, Thomas Donald Brisbin sold 130,082 shares of Willdan Group stock. The stock was sold at an average price of $109.69, for a total value of $14,268,694.58.
• On Tuesday, May 27th, Thomas Donald Brisbin sold 22,459 shares of Willdan Group stock. The stock was sold at an average price of $52.34, for a total value of $1,175,504.06.

Willdan Group Price Performance

WLDN stock traded down $0.08 during midday trading on Thursday, hitting $116.18. 400,190 shares of the stock were exchanged, compared to its average volume of 229,615. The stock's 50-day moving average price is $85.55 and its 200-day moving average price is $57.31. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 48.61 and a beta of 1.31. Willdan Group, Inc. has a fifty-two week low of $30.43 and a fifty-two week high of $121.00.

Institutional Trading of Willdan Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP purchased a new position in shares of Willdan Group during the 2nd quarter worth $20,188,000. Nuveen LLC purchased a new position in Willdan Group during the first quarter worth about $10,313,000. Nuveen Asset Management LLC lifted its position in Willdan Group by 136.0% during the fourth quarter. Nuveen Asset Management LLC now owns 208,059 shares of the construction company's stock worth $7,925,000 after buying an additional 119,888 shares during the period. Pacer Advisors Inc. acquired a new stake in Willdan Group in the 1st quarter worth about $4,687,000. Finally, Kingstone Capital Partners Texas LLC purchased a new stake in Willdan Group in the 2nd quarter valued at about $6,807,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on WLDN shares. Zacks Research upgraded shares of Willdan Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. 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. Finally, Roth Capital restated a "buy" rating and set a $103.00 price objective (up from $62.00) on shares of Willdan Group in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $111.50.

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.