Willdan Group (NASDAQ:WLDN) Sets New 12-Month High - Time to Buy?

Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $58.28 and last traded at $57.71, with a volume of 44208 shares trading hands. The stock had previously closed at $55.82.

Wall Street Analyst Weigh In

WLDN has been the subject of several recent analyst reports. Wedbush raised shares of Willdan Group to a "strong-buy" rating in a report on Monday, March 10th. Wall Street Zen cut shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th.

Willdan Group Price Performance

The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $833.14 million, a PE ratio of 35.26 and a beta of 1.23. The firm's fifty day simple moving average is $46.21 and its 200-day simple moving average is $40.87.

Insider Activity

In other news, Director Thomas Donald Brisbin sold 1,626 shares of the stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $51.54, for a total value of $83,804.04. Following the completion of the sale, the director now directly owns 422,454 shares of the company's stock, valued at $21,773,279.16. This represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Micah Chen sold 10,000 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $48.20, for a total transaction of $482,000.00. Following the completion of the sale, the vice president now directly owns 38,502 shares of the company's stock, valued at approximately $1,855,796.40. This trade represents a 20.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,000 shares of company stock valued at $4,994,075 over the last three months. Insiders own 8.60% of the company's stock.

Institutional Trading of Willdan Group

Hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Willdan Group by 4.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,218 shares of the construction company's stock worth $275,000 after acquiring an additional 304 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Willdan Group by 3.9% during the first quarter. Principal Financial Group Inc. now owns 8,526 shares of the construction company's stock worth $347,000 after acquiring an additional 319 shares during the last quarter. Navellier & Associates Inc. boosted its position in shares of Willdan Group by 4.4% during the fourth quarter. Navellier & Associates Inc. now owns 8,154 shares of the construction company's stock worth $311,000 after acquiring an additional 341 shares during the last quarter. Wulff Hansen & CO. boosted its position in shares of Willdan Group by 1.6% during the fourth quarter. Wulff Hansen & CO. now owns 22,821 shares of the construction company's stock worth $869,000 after acquiring an additional 370 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Willdan Group by 2.9% during the fourth quarter. Stifel Financial Corp now owns 16,494 shares of the construction company's stock worth $628,000 after acquiring an additional 461 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other 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.