Willdan Group (NASDAQ:WLDN) Director Sells $775,923.36 in 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 Mcginn sold 7,298 shares of Willdan Group stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $106.32, for a total value of $775,923.36. Following the sale, the director directly owned 11,330 shares of the company's stock, valued at approximately $1,204,605.60. This represents a 39.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Willdan Group Stock Performance

Shares of Willdan Group stock traded up $2.36 on Monday, reaching $105.69. 307,747 shares of the stock were exchanged, compared to its average volume of 247,048. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.22. Willdan Group, Inc. has a twelve month low of $30.43 and a twelve month high of $121.00. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 44.22 and a beta of 1.30. The business has a 50 day moving average price of $98.20 and a two-hundred day moving average price of $66.01.

Wall Street Analyst Weigh In

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

Institutional Trading of Willdan Group

Institutional investors and hedge funds have recently made changes to their positions in the business. AdvisorShares Investments LLC purchased a new stake in shares of Willdan Group in the second quarter valued at approximately $30,000. USA Financial Formulas purchased a new stake in shares of Willdan Group in the second quarter valued at approximately $65,000. McIlrath & Eck LLC purchased a new stake in shares of Willdan Group in the first quarter valued at approximately $75,000. Raymond James Financial Inc. purchased a new stake in shares of Willdan Group in the second quarter valued at approximately $80,000. Finally, GAMMA Investing LLC increased its position in shares of Willdan Group by 1,809.7% in the first quarter. GAMMA Investing LLC now owns 2,158 shares of the construction company's stock valued at $88,000 after buying an additional 2,045 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

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.

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