Willdan Group (NASDAQ:WLDN) VP Micah Chen Sells 10,000 Shares

Key Points

• Willdan Group VP Micah Chen sold 10,000 shares of the company for a total of $1,060,000, representing a 19.83% decrease in his position, now holding approximately 40,423 shares valued at $4,284,838.
• The company's stock has recently traded at $105.69, with a market capitalization of $1.55 billion and positive analyst ratings, including a consensus rating of "Buy" and an average target price of $111.50.
• Institutional investors have shown significant interest, with firms like Ameriprise Financial and Bank of America increasing their holdings by up to 358.0% in the latest quarter.

Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) VP Micah Chen sold 10,000 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $106.00, for a total transaction of $1,060,000.00. Following the transaction, the vice president directly owned 40,423 shares in the company, valued at $4,284,838. The trade was a 19.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Willdan Group Stock Performance

NASDAQ WLDN traded down $7.21 during trading hours on Tuesday, reaching $98.48. The company's stock had a trading volume of 476,976 shares, compared to its average volume of 248,239. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.22. The business has a 50-day simple moving average of $98.78 and a 200 day simple moving average of $66.46. Willdan Group, Inc. has a 52 week low of $30.43 and a 52 week high of $121.00. The stock has a market cap of $1.44 billion, a PE ratio of 41.21 and a beta of 1.30.

Institutional Investors Weigh In On Willdan Group

A number of institutional investors have recently modified their holdings of WLDN. AdvisorShares Investments LLC acquired a new stake in shares of Willdan Group during the 2nd quarter valued at $30,000. USA Financial Formulas acquired a new position in Willdan Group during the 2nd quarter worth $65,000. McIlrath & Eck LLC acquired a new position in Willdan Group during the 1st quarter worth $75,000. Raymond James Financial Inc. bought a new position in shares of Willdan Group during the 2nd quarter worth about $80,000. Finally, GAMMA Investing LLC increased its holdings 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 worth $88,000 after purchasing an additional 2,045 shares during the period. Institutional investors and hedge funds own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

WLDN has been the topic of a number of research analyst reports. Roth Capital reiterated a "buy" rating and set a $103.00 price objective (up previously from $62.00) on shares of Willdan Group in a research note on Tuesday, August 5th. Zacks Research upgraded shares of Willdan Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Finally, Wedbush raised their price objective on shares of Willdan Group from $85.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $111.50.

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.