Willdan Group (NASDAQ:WLDN) Hits New 1-Year High - Here's Why

Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company 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.

Wall Street Analysts Forecast Growth

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

Willdan Group Stock Performance

The stock has a market capitalization of $781.53 million, a PE ratio of 33.07 and a beta of 1.09. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.77. The business's fifty day moving average price is $42.13 and its 200-day moving average price is $39.75.

Insider Transactions at Willdan Group

In other Willdan Group news, Director Thomas Donald Brisbin sold 20,000 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $48.54, for a total transaction of $970,800.00. Following the transaction, the director now directly owns 422,454 shares in the company, valued at $20,505,917.16. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Micah Chen sold 10,000 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $48.20, for a total transaction of $482,000.00. Following the transaction, the vice president now owns 38,502 shares in the company, valued at $1,855,796.40. The trade was a 20.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,814 shares of company stock valued at $3,641,272. 9.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of WLDN. SG Americas Securities LLC grew its position in Willdan Group by 83.9% during the fourth quarter. SG Americas Securities LLC now owns 13,927 shares of the construction company's stock valued at $530,000 after acquiring an additional 6,353 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Willdan Group by 27.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,673 shares of the construction company's stock worth $711,000 after purchasing an additional 4,049 shares during the last quarter. Ausbil Investment Management Ltd lifted its holdings in Willdan Group by 341.2% in the 4th quarter. Ausbil Investment Management Ltd now owns 37,910 shares of the construction company's stock worth $1,463,000 after buying an additional 29,318 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Willdan Group by 23.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 89,354 shares of the construction company's stock worth $3,397,000 after buying an additional 16,832 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Willdan Group by 2.9% in the 4th quarter. Rhumbline Advisers now owns 20,159 shares of the construction company's stock worth $768,000 after buying an additional 562 shares during the period. 72.29% of the stock is currently owned by 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.