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

Shares of Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $73.55 and last traded at $73.26, with a volume of 584430 shares changing hands. The stock had previously closed at $72.30.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wedbush restated an "outperform" rating on shares of Willdan Group in a report on Thursday. Wall Street Zen downgraded shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 19th.

Willdan Group Trading Up 1.7%

The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.35. The stock's fifty day moving average price is $56.39 and its two-hundred day moving average price is $44.03. The company has a market capitalization of $1.07 billion, a PE ratio of 43.74 and a beta of 1.25.

Insider Activity at Willdan Group

In other Willdan Group news, CEO Michael A. Bieber sold 25,000 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $48.11, for a total transaction of $1,202,750.00. Following the transaction, the chief executive officer owned 200,981 shares in the company, valued at approximately $9,669,195.91. This represents a 11.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Micah Chen sold 10,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $50.50, for a total value of $505,000.00. Following the transaction, the vice president owned 38,502 shares in the company, valued at $1,944,351. This trade represents a 20.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,000 shares of company stock valued at $4,994,075. 8.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new position in Willdan Group during the fourth quarter valued at $40,000. Tower Research Capital LLC TRC grew its holdings in Willdan Group by 470.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company's stock worth $64,000 after purchasing an additional 1,387 shares during the period. McIlrath & Eck LLC purchased a new stake in Willdan Group in the first quarter worth about $75,000. GAMMA Investing LLC grew its holdings in Willdan Group by 1,809.7% in the first 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 grew its holdings in Willdan Group by 26.4% in the fourth 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.

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.