Willdan Group (NASDAQ:WLDN) Sees Unusually-High Trading Volume - Time to Buy?

Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) saw strong trading volume on Tuesday . 240,416 shares traded hands during mid-day trading, an increase of 54% from the previous session's volume of 156,082 shares.The stock last traded at $71.05 and had previously closed at $73.26.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 19th.

Willdan Group Stock Up 0.3%

The stock's 50-day moving average price is $54.38 and its two-hundred day moving average price is $43.36. The stock has a market capitalization of $1.05 billion, a PE ratio of 42.70 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.61 and a current ratio of 1.61.

Insider Activity at Willdan Group

In other Willdan Group news, CFO Creighton K. Early sold 5,000 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $53.28, for a total transaction of $266,400.00. Following the transaction, the chief financial officer owned 72,071 shares in the company, valued at approximately $3,839,942.88. This represents a 6.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas Donald Brisbin sold 22,459 shares of the company's stock in a transaction dated 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 transaction, the director owned 422,454 shares in the company, valued at $22,111,242.36. This represents a 5.05% 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 worth $4,994,075 over the last quarter. 8.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Willdan Group

Institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its stake in shares of Willdan Group by 77.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 158,401 shares of the construction company's stock worth $6,468,000 after purchasing an additional 69,047 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of Willdan Group by 136.0% in the 4th quarter. Nuveen Asset Management LLC now owns 208,059 shares of the construction company's stock worth $7,925,000 after purchasing an additional 119,888 shares during the period. Deutsche Bank AG lifted its stake in shares of Willdan Group by 358.0% in the 4th quarter. Deutsche Bank AG now owns 34,935 shares of the construction company's stock worth $1,331,000 after purchasing an additional 27,308 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Willdan Group by 47.0% in the 4th quarter. Ameriprise Financial Inc. now owns 91,269 shares of the construction company's stock worth $3,476,000 after purchasing an additional 29,169 shares during the period. Finally, Bank of America Corp DE increased its holdings in Willdan Group by 116.8% in the 4th quarter. Bank of America Corp DE now owns 21,843 shares of the construction company's stock worth $832,000 after acquiring an additional 11,770 shares in the last quarter. 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.