Willdan Group (NASDAQ:WLDN) Reaches New 52-Week High - What's Next?

Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as $54.35 and last traded at $53.88, with a volume of 207495 shares traded. The stock had previously closed at $53.70.

Analyst Upgrades and Downgrades

WLDN has been the subject of a number of research analyst reports. Wedbush raised shares of Willdan Group to a "strong-buy" rating in a research report on Monday, March 10th. 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 Down 1.5%

The company's 50 day moving average price is $43.45 and its two-hundred day moving average price is $40.13. The firm has a market cap of $811.61 million, a PE ratio of 34.35 and a beta of 1.09. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37.

Insider Transactions at Willdan Group

In related news, Director Thomas Donald Brisbin sold 1,626 shares of Willdan Group stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $51.54, for a total transaction of $83,804.04. Following the transaction, the director now owns 422,454 shares in the company, valued at approximately $21,773,279.16. The trade was a 0.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mohammad Shahidehpour sold 2,273 shares of Willdan Group stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $39.20, for a total transaction of $89,101.60. Following the transaction, the director now owns 12,767 shares in the company, valued at approximately $500,466.40. This trade represents a 15.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,273 shares of company stock worth $5,083,176 in the last 90 days. 8.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC purchased a new position in shares of Willdan Group during the 4th quarter valued at $40,000. Tower Research Capital LLC TRC lifted its stake in shares of Willdan Group by 470.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company's stock valued at $64,000 after buying an additional 1,387 shares in the last quarter. McIlrath & Eck LLC purchased a new position in shares of Willdan Group during the 1st quarter valued at $75,000. GAMMA Investing LLC lifted its stake in shares of Willdan Group by 1,809.7% during the 1st quarter. GAMMA Investing LLC now owns 2,158 shares of the construction company's stock valued at $88,000 after buying an additional 2,045 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Willdan Group by 26.4% during the 4th quarter. Legal & General Group Plc now owns 2,597 shares of the construction company's stock valued at $99,000 after buying an additional 542 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.

Willdan Group Company Profile

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.