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

Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $59.47 and last traded at $59.14, with a volume of 210676 shares. The stock had previously closed at $58.41.

Analysts Set New Price Targets

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

Willdan Group Stock Performance

The company has a market cap of $903.35 million, a P/E ratio of 36.86 and a beta of 1.23. 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 has a 50 day moving average price of $49.94 and a two-hundred day moving average price of $41.91.

Insider Activity at Willdan Group

In other Willdan Group news, Director Thomas Donald Brisbin sold 22,459 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $52.34, for a total value of $1,175,504.06. Following the sale, the director now owns 422,454 shares of the company's stock, valued at approximately $22,111,242.36. This trade represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Creighton K. Early sold 5,000 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $53.28, for a total value of $266,400.00. Following the completion of the sale, the chief financial officer now directly owns 72,071 shares in the company, valued at approximately $3,839,942.88. This represents a 6.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,000 shares of company stock valued at $4,994,075 over the last quarter. 8.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Willdan Group

A number of large investors have recently modified their holdings of WLDN. Rhumbline Advisers boosted its holdings in shares of Willdan Group by 2.9% in the 4th quarter. Rhumbline Advisers now owns 20,159 shares of the construction company's stock valued at $768,000 after purchasing an additional 562 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Willdan Group by 9.0% in the 4th quarter. Principal Financial Group Inc. now owns 8,207 shares of the construction company's stock valued at $313,000 after purchasing an additional 677 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Willdan Group by 18.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 43,287 shares of the construction company's stock valued at $1,649,000 after purchasing an additional 6,754 shares in the last quarter. Moran Wealth Management LLC acquired a new stake in shares of Willdan Group in the 4th quarter valued at $201,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Willdan Group in the 4th quarter valued at $40,000. 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.