Willdan Group (NASDAQ:WLDN) Reaches New 52-Week High - Time to Buy?

Shares of 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 $73.55 and last traded at $73.26, with a volume of 584430 shares. The stock had previously closed at $72.30.

Analyst Ratings Changes

Several research analysts have issued reports on WLDN shares. Wedbush reaffirmed an "outperform" rating on shares of Willdan Group in a report on Thursday. Wall Street Zen lowered Willdan Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 19th.

Willdan Group Trading Up 0.7%

The business's 50 day simple moving average is $55.04 and its 200-day simple moving average is $43.55. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market capitalization of $1.05 billion, a P/E ratio of 43.00 and a beta of 1.25.

Insider Buying and Selling

In other news, CEO Michael A. Bieber sold 25,000 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $48.11, for a total value of $1,202,750.00. Following the completion of the transaction, the chief executive officer owned 200,981 shares of the company's stock, valued at $9,669,195.91. The trade was a 11.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas Donald Brisbin sold 22,459 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $52.34, for a total transaction of $1,175,504.06. Following the completion of the sale, the director owned 422,454 shares of the company's stock, valued at approximately $22,111,242.36. This represents a 5.05% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,000 shares of company stock valued at $4,994,075. Insiders own 8.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC bought a new position in shares of Willdan Group during the 4th quarter valued at about $40,000. Tower Research Capital LLC TRC raised its holdings in Willdan Group by 470.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company's stock worth $64,000 after buying an additional 1,387 shares during the period. McIlrath & Eck LLC bought a new position in Willdan Group in the first quarter valued at approximately $75,000. GAMMA Investing LLC boosted its holdings 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 during the period. Finally, Legal & General Group Plc raised its holdings in shares of Willdan Group by 26.4% during the fourth quarter. Legal & General Group Plc now owns 2,597 shares of the construction company's stock worth $99,000 after acquiring an additional 542 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.