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

Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $77.13 and last traded at $77.02, with a volume of 306445 shares. The stock had previously closed at $73.92.

Analyst Upgrades and Downgrades

WLDN has been the subject of several recent research reports. 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 Stock Performance

The stock has a market cap of $1.11 billion, a P/E ratio of 45.50 and a beta of 1.25. The company has a fifty day moving average of $56.39 and a 200 day moving average of $44.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.61 and a quick ratio of 1.61.

Insider Activity at Willdan Group

In related news, Director Thomas Donald Brisbin sold 22,459 shares of the firm'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 sale, the director directly owned 422,454 shares in the company, valued at $22,111,242.36. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Creighton K. Early sold 5,000 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $53.28, for a total transaction of $266,400.00. Following the sale, the chief financial officer owned 72,071 shares in the company, valued at approximately $3,839,942.88. The trade was a 6.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,000 shares of company stock valued at $4,994,075 over the last three months. 8.60% of the stock is owned by company insiders.

Institutional Trading of Willdan Group

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Willdan Group by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 774,212 shares of the construction company's stock worth $31,526,000 after purchasing an additional 22,227 shares in the last quarter. Lord Abbett & CO. LLC increased its position in Willdan Group by 13.4% during the 4th quarter. Lord Abbett & CO. LLC now owns 432,135 shares of the construction company's stock worth $16,460,000 after purchasing an additional 51,003 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Willdan Group by 13.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 419,319 shares of the construction company's stock worth $15,972,000 after purchasing an additional 49,217 shares in the last quarter. Summit Creek Advisors LLC increased its position in Willdan Group by 1.7% during the 4th quarter. Summit Creek Advisors LLC now owns 365,153 shares of the construction company's stock worth $13,909,000 after purchasing an additional 6,119 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Willdan Group by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 296,398 shares of the construction company's stock worth $11,293,000 after purchasing an additional 1,601 shares in the last quarter. 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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