Shares of Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $111.11, but opened at $115.42. Willdan Group shares last traded at $116.11, with a volume of 195,867 shares changing hands.
Analyst Ratings Changes
Several research analysts have commented on the company. Zacks Research upgraded Willdan Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Wedbush raised their target price on Willdan Group from $85.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Finally, Roth Capital restated a "buy" rating and issued a $103.00 target price (up previously from $62.00) on shares of Willdan Group in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat, Willdan Group presently has an average rating of "Buy" and an average price target of $111.50.
Read Our Latest Report on WLDN
Willdan Group Trading Down 5.4%
The firm has a fifty day simple moving average of $87.74 and a two-hundred day simple moving average of $58.38. The stock has a market cap of $1.61 billion, a PE ratio of 45.97 and a beta of 1.31. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.22.
Insider Transactions at Willdan Group
In other Willdan Group news, Director Steven A. Cohen sold 2,500 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $116.34, for a total value of $290,850.00. Following the sale, the director owned 26,849 shares of the company's stock, valued at $3,123,612.66. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Wanda Kay Reder sold 850 shares of the firm's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $119.46, for a total value of $101,541.00. Following the completion of the sale, the director directly owned 10,676 shares in the company, valued at approximately $1,275,354.96. The trade was a 7.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 399,141 shares of company stock worth $43,089,466. 8.60% of the stock is owned by insiders.
Institutional Trading of Willdan Group
Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Willdan Group by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 774,212 shares of the construction company's stock valued at $31,526,000 after buying an additional 22,227 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Willdan Group by 13.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 419,319 shares of the construction company's stock valued at $15,972,000 after buying an additional 49,217 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Willdan Group by 10.3% during the 2nd quarter. Geode Capital Management LLC now owns 336,752 shares of the construction company's stock valued at $21,054,000 after buying an additional 31,561 shares in the last quarter. Wasatch Advisors LP purchased a new position in shares of Willdan Group during the 2nd quarter valued at about $20,188,000. Finally, Divisadero Street Capital Management LP raised its holdings in shares of Willdan Group by 62.3% during the 2nd quarter. Divisadero Street Capital Management LP now owns 278,955 shares of the construction company's stock valued at $17,437,000 after buying an additional 107,033 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.
About Willdan Group
(
Get Free Report)
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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