Willdan Group (NASDAQ:WLDN) Hits New 52-Week High - Should You Buy?

Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) hit a new 52-week high on Monday . The stock 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

Several brokerages have weighed in on WLDN. Wall Street Zen downgraded Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th. Wedbush reaffirmed an "outperform" rating on shares of Willdan Group in a report on Thursday, July 10th.

Willdan Group Price Performance

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 cap of $1.16 billion, a price-to-earnings ratio of 47.14 and a beta of 1.25. The stock has a fifty day moving average of $59.41 and a 200 day moving average of $45.12.

Insider Buying and Selling

In other Willdan Group news, CFO Creighton K. Early sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $53.28, for a total value of $266,400.00. Following the completion of the transaction, the chief financial officer directly owned 72,071 shares of the company's stock, valued at approximately $3,839,942.88. The trade was a 6.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael A. Bieber sold 25,000 shares of the business's stock in a transaction that occurred 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 directly owned 200,981 shares of the company's stock, valued at $9,669,195.91. The trade was a 11.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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

A number of large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its holdings in Willdan Group by 9.5% in the second quarter. Janney Montgomery Scott LLC now owns 15,665 shares of the construction company's stock valued at $979,000 after acquiring an additional 1,359 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in shares of Willdan Group during the 2nd quarter worth approximately $419,000. Diversified Trust Co acquired a new position in shares of Willdan Group during the 2nd quarter worth approximately $237,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Willdan Group during the 2nd quarter worth approximately $6,807,000. Finally, Militia Capital Partners LP acquired a new position in shares of Willdan Group during the 1st quarter worth approximately $652,000. 72.29% of the stock is owned by institutional investors and hedge funds.

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.