Willdan Group (NASDAQ:WLDN) Sets New 1-Year High - Here's What Happened

Shares of Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $81.17 and last traded at $80.66, with a volume of 299190 shares trading hands. The stock had previously closed at $79.67.

Wall Street Analysts Forecast Growth

Separately, Wedbush reaffirmed an "outperform" rating on shares of Willdan Group in a report on Thursday, July 10th.

Willdan Group Trading Up 0.8%

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 business has a fifty day simple moving average of $60.16 and a 200 day simple moving average of $45.51. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 47.52 and a beta of 1.25.

Insider Transactions at Willdan Group

In other news, CEO Michael A. Bieber sold 25,000 shares of the firm's stock in a transaction on Friday, May 16th. The stock was 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 owned 200,981 shares in the company, valued at $9,669,195.91. This trade represents a 11.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 transaction, the chief financial officer owned 72,071 shares of the company's stock, 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. In the last three months, insiders have sold 100,000 shares of company stock worth $4,994,075. Corporate insiders own 8.60% of the company's stock.

Institutional Trading of Willdan Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of Willdan Group by 18.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 43,287 shares of the construction company's stock worth $1,649,000 after purchasing an additional 6,754 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Willdan Group during the 4th quarter worth about $40,000. Whittier Trust Co. acquired a new stake in shares of Willdan Group during the 4th quarter worth about $641,000. Summit Global Investments acquired a new stake in shares of Willdan Group during the 4th quarter worth about $758,000. Finally, Quantbot Technologies LP boosted its stake in shares of Willdan Group by 626.5% during the 4th quarter. Quantbot Technologies LP now owns 4,526 shares of the construction company's stock worth $172,000 after purchasing an additional 3,903 shares during the last quarter. Hedge funds and other 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.

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