Willdan Group, Inc. (NASDAQ:WLDN) insider Marc Tipermas sold 2,500 shares of Willdan Group stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $26.47, for a total value of $66,175.00. Following the sale, the insider now owns 42,500 shares in the company, valued at approximately $1,124,975. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of WLDN stock opened at $29.90 on Friday. The stock has a market capitalization of $260.21, a P/E ratio of 25.34 and a beta of 0.94. Willdan Group, Inc. has a 52-week low of $19.25 and a 52-week high of $36.87. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.48 and a current ratio of 1.48.
Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings results on Thursday, March 8th. The construction company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.04. Willdan Group had a return on equity of 17.31% and a net margin of 4.44%. The firm had revenue of $64.16 million for the quarter, compared to analysts’ expectations of $55.44 million. equities research analysts forecast that Willdan Group, Inc. will post 1.57 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Willdan Group by 0.6% during the 4th quarter. BlackRock Inc. now owns 478,747 shares of the construction company’s stock worth $11,461,000 after purchasing an additional 3,054 shares during the period. Bank of New York Mellon Corp increased its position in Willdan Group by 17.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 25,333 shares of the construction company’s stock worth $822,000 after purchasing an additional 3,675 shares during the period. Advisor Group Inc. increased its position in Willdan Group by 15.5% during the 4th quarter. Advisor Group Inc. now owns 30,302 shares of the construction company’s stock worth $725,000 after purchasing an additional 4,069 shares during the period. Cadence Capital Management LLC increased its position in Willdan Group by 7.8% during the 4th quarter. Cadence Capital Management LLC now owns 56,368 shares of the construction company’s stock worth $1,349,000 after purchasing an additional 4,084 shares during the period. Finally, Nationwide Fund Advisors acquired a new position in Willdan Group during the 2nd quarter worth approximately $131,000. Institutional investors own 64.37% of the company’s stock.
WLDN has been the topic of several recent research reports. Zacks Investment Research upgraded Willdan Group from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Wednesday, March 14th. Canaccord Genuity set a $36.00 price target on Willdan Group and gave the company a “buy” rating in a research report on Sunday, March 11th. Finally, BidaskClub upgraded Willdan Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $35.75.
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About Willdan Group
Willdan Group, Inc, together with its subsidiaries, provides professional technical and consulting services to utilities, private industry, and public agencies at various levels of government primarily in the Unites States. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services, and Homeland Security Services.
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