Dennis V. Mcginn Sells 7,298 Shares of Willdan Group (NASDAQ:WLDN) Stock

Key Points

• Dennis Mcginn, a director at Willdan Group, sold 7,298 shares of stock for $775,923.36, reducing his total position by 39.18% to 11,330 shares.
• Willdan Group's stock is currently trading around $105.69 after gaining $2.36, with a year-to-date high of $121.00 and a low of $30.43.
• Recent analyst actions include Zacks raising the stock to a "strong-buy" rating and Roth Capital increasing its target price from $62.00 to $103.00.

Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) Director Dennis V. Mcginn sold 7,298 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $106.32, for a total value of $775,923.36. Following the completion of the sale, the director directly owned 11,330 shares in the company, valued at $1,204,605.60. This represents a 39.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Willdan Group Stock Down 6.8%

WLDN stock traded down $7.21 during mid-day trading on Tuesday, reaching $98.48. The company had a trading volume of 476,976 shares, compared to its average volume of 248,239. 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 company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 41.21 and a beta of 1.30. The firm has a fifty day simple moving average of $98.78 and a 200 day simple moving average of $66.46. Willdan Group, Inc. has a fifty-two week low of $30.43 and a fifty-two week high of $121.00.

Analyst Ratings Changes

A number of research firms have issued reports on WLDN. Roth Capital reaffirmed a "buy" rating and issued a $103.00 price target (up previously from $62.00) on shares of Willdan Group in a research report on Tuesday, August 5th. Zacks Research raised Willdan Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Finally, Wedbush increased their price target on Willdan Group from $85.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $111.50.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WLDN. Ameriprise Financial Inc. increased its holdings in shares of Willdan Group by 47.0% in the 4th quarter. Ameriprise Financial Inc. now owns 91,269 shares of the construction company's stock valued at $3,476,000 after acquiring an additional 29,169 shares during the last quarter. Bank of America Corp DE grew its stake in Willdan Group by 116.8% during the 4th quarter. Bank of America Corp DE now owns 21,843 shares of the construction company's stock worth $832,000 after buying an additional 11,770 shares during the last quarter. Deutsche Bank AG grew its stake in 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 buying an additional 27,308 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Willdan Group by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,218 shares of the construction company's stock worth $275,000 after buying an additional 304 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in 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 buying an additional 119,888 shares during the last quarter. Hedge funds and other 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.