Willdan Group (NASDAQ:WLDN) Reaches New 12-Month High - Should You Buy?

Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $59.47 and last traded at $59.14, with a volume of 210676 shares changing hands. The stock had previously closed at $58.41.

Wall Street Analysts Forecast Growth

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

Willdan Group Price Performance

The business's 50-day simple moving average is $48.16 and its 200 day simple moving average is $41.39. The company has a market capitalization of $857.53 million, a P/E ratio of 34.99 and a beta of 1.23. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.35.

Insider Buying and Selling

In other Willdan Group news, VP Micah Chen sold 10,000 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $48.20, for a total value of $482,000.00. Following the sale, the vice president now directly owns 38,502 shares in the company, valued at approximately $1,855,796.40. The trade was a 20.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael A. Bieber sold 25,000 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $48.11, for a total transaction of $1,202,750.00. Following the transaction, the chief executive officer now owns 200,981 shares of the company's stock, valued at approximately $9,669,195.91. This trade represents a 11.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,000 shares of company stock valued at $4,994,075 over the last quarter. Corporate insiders own 8.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Militia Capital Partners LP bought a new stake in shares of Willdan Group during the 1st quarter worth $652,000. Strs Ohio purchased a new stake in shares of Willdan Group during the first quarter valued at $334,000. Jane Street Group LLC boosted its position in shares of Willdan Group by 205.9% in the 1st quarter. Jane Street Group LLC now owns 25,302 shares of the construction company's stock valued at $1,030,000 after purchasing an additional 17,031 shares during the period. McIlrath & Eck LLC acquired a new position in shares of Willdan Group in the 1st quarter valued at $75,000. Finally, MBB Public Markets I LLC purchased a new position in Willdan Group in the 1st quarter worth about $203,000. Institutional investors and hedge funds 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.

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