Willdan Group (NASDAQ:WLDN) Reaches New 12-Month High - Here's Why

Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as $63.24 and last traded at $62.59, with a volume of 65644 shares trading hands. The stock had previously closed at $62.30.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wall Street Zen downgraded Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th. Wedbush upgraded Willdan Group to a "strong-buy" rating in a research report on Monday, March 10th.

Willdan Group Stock Performance

The company's 50 day simple moving average is $52.35 and its 200 day simple moving average is $42.63. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market cap of $1.07 billion, a PE ratio of 43.62 and a beta of 1.25.

Insider Buying and Selling at Willdan Group

In other Willdan Group news, CFO Creighton K. Early sold 5,000 shares of the firm's stock in a transaction dated 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 owned 72,071 shares in the company, valued at $3,839,942.88. This trade represents a 6.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $1,202,750.00. Following the transaction, the chief executive officer directly owned 200,981 shares of the company's stock, valued at approximately $9,669,195.91. This represents a 11.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,000 shares of company stock valued at $4,994,075 in the last three months. 8.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Willdan Group

Several hedge funds have recently bought and sold shares of WLDN. Militia Capital Partners LP purchased a new position in shares of Willdan Group during the first quarter worth approximately $652,000. Strs Ohio purchased a new position in Willdan Group in the 1st quarter worth $334,000. Jane Street Group LLC lifted its stake in Willdan Group by 205.9% in the first quarter. Jane Street Group LLC now owns 25,302 shares of the construction company's stock worth $1,030,000 after purchasing an additional 17,031 shares during the last quarter. McIlrath & Eck LLC bought a new stake in Willdan Group in the first quarter worth $75,000. Finally, MBB Public Markets I LLC purchased a new stake in Willdan Group during the first quarter valued at about $203,000. 72.29% of the stock is currently owned by institutional investors.

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.