Willdan Group (NASDAQ:WLDN) Sets New 12-Month High - Here's What Happened

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

Wall Street Analyst Weigh In

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

Willdan Group Price Performance

The business has a 50-day moving average price of $49.94 and a 200 day moving average price of $41.91. The company has a market cap of $906.11 million, a price-to-earnings ratio of 36.98 and a beta of 1.23. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.35.

Insider Activity

In other news, Director Thomas Donald Brisbin sold 22,459 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $52.34, for a total value of $1,175,504.06. Following the completion of the sale, the director now owns 422,454 shares in the company, valued at $22,111,242.36. This represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael A. Bieber sold 25,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 200,981 shares of the company's stock, valued at $9,669,195.91. The trade was a 11.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,000 shares of company stock worth $4,994,075 over the last quarter. Corporate insiders own 8.60% of the company's stock.

Institutional Trading of Willdan Group

Hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC purchased a new stake in shares of Willdan Group in the fourth quarter valued at $40,000. Tower Research Capital LLC TRC increased its stake in shares of Willdan Group by 470.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company's stock worth $64,000 after acquiring an additional 1,387 shares during the last quarter. McIlrath & Eck LLC acquired a new position in shares of Willdan Group in the first quarter worth $75,000. GAMMA Investing LLC increased its stake in shares of Willdan Group by 1,809.7% in the first quarter. GAMMA Investing LLC now owns 2,158 shares of the construction company's stock worth $88,000 after acquiring an additional 2,045 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Willdan Group by 26.4% in the fourth quarter. Legal & General Group Plc now owns 2,597 shares of the construction company's stock worth $99,000 after acquiring an additional 542 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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