Willdan Group (NASDAQ:WLDN) Reaches New 1-Year High - Still a Buy?

Shares of Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $52.15 and last traded at $51.98, with a volume of 10986 shares. The stock had previously closed at $51.45.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wall Street Zen lowered Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th. Wedbush raised Willdan Group to a "strong-buy" rating in a report on Monday, March 10th.

Willdan Group Stock 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 stock has a fifty day moving average of $42.59 and a 200-day moving average of $39.86. The stock has a market cap of $780.08 million, a PE ratio of 33.01 and a beta of 1.09.

Insider Buying and Selling

In other Willdan Group news, CFO Creighton K. Early sold 5,000 shares of Willdan Group stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $53.28, for a total value of $266,400.00. Following the sale, the chief financial officer now owns 72,071 shares of the company's stock, valued at approximately $3,839,942.88. The trade was a 6.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Donald Brisbin sold 20,000 shares of Willdan Group stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $48.54, for a total value of $970,800.00. Following the completion of the sale, the director now directly owns 422,454 shares in the company, valued at $20,505,917.16. This represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,273 shares of company stock valued at $5,083,176 over the last quarter. 9.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Willdan Group

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC purchased a new stake in Willdan Group in the 4th quarter valued at approximately $40,000. Tower Research Capital LLC TRC lifted its stake in Willdan Group by 470.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company's stock valued at $64,000 after buying an additional 1,387 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in Willdan Group in the 1st quarter valued at approximately $75,000. GAMMA Investing LLC lifted its stake in shares of Willdan Group by 1,809.7% during the 1st quarter. GAMMA Investing LLC now owns 2,158 shares of the construction company's stock worth $88,000 after purchasing an additional 2,045 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Willdan Group by 26.4% during the 4th quarter. Legal & General Group Plc now owns 2,597 shares of the construction company's stock worth $99,000 after purchasing an additional 542 shares during the period. Hedge funds and other institutional investors own 72.29% of the company's stock.

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.