Insider Selling: Willdan Group, Inc. (NASDAQ:WLDN) Director Sells 2,273 Shares of Stock

Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) Director Mohammad Shahidehpour sold 2,273 shares of Willdan Group stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $39.20, for a total transaction of $89,101.60. Following the completion of the transaction, the director now owns 12,767 shares of the company's stock, valued at $500,466.40. This represents a 15.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Willdan Group Stock Performance

WLDN traded up $1.17 on Monday, reaching $41.53. The company had a trading volume of 125,181 shares, compared to its average volume of 123,872. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. Willdan Group, Inc. has a 1 year low of $25.91 and a 1 year high of $50.00. The stock has a market capitalization of $598.36 million, a PE ratio of 25.48 and a beta of 1.41. The stock has a 50-day moving average price of $35.83 and a 200-day moving average price of $39.64.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC purchased a new position in shares of Willdan Group during the third quarter worth approximately $15,608,000. Wells Fargo & Company MN lifted its position in Willdan Group by 2,934.0% during the 4th quarter. Wells Fargo & Company MN now owns 175,334 shares of the construction company's stock worth $6,678,000 after acquiring an additional 169,555 shares during the period. Nuveen Asset Management LLC grew its stake in shares of Willdan Group by 136.0% in the 4th quarter. Nuveen Asset Management LLC now owns 208,059 shares of the construction company's stock valued at $7,925,000 after purchasing an additional 119,888 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in shares of Willdan Group during the fourth quarter worth approximately $2,389,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Willdan Group by 7.2% during the fourth quarter. Vanguard Group Inc. now owns 751,985 shares of the construction company's stock worth $28,643,000 after purchasing an additional 50,262 shares during the period. Institutional investors and hedge funds own 72.29% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Willdan Group from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Wedbush upgraded Willdan Group to a "strong-buy" rating in a research note on Monday, March 10th.

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.