Willdan Group (NASDAQ:WLDN) Hits New 12-Month High - Time to Buy?

Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $46.84 and last traded at $46.37, with a volume of 24040 shares. The stock had previously closed at $45.34.

Analysts Set New Price Targets

WLDN has been the subject of several analyst reports. StockNews.com cut Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 9th. Wedbush began coverage on shares of Willdan Group in a report on Tuesday, September 3rd. They set an "outperform" rating and a $51.00 target price on the stock. Finally, Roth Mkm upped their price target on shares of Willdan Group from $34.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd.

Willdan Group Price Performance

The company has a 50 day moving average price of $40.69 and a 200 day moving average price of $34.63. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $647.46 million, a P/E ratio of 37.63 and a beta of 1.41.

Willdan Group (NASDAQ:WLDN - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.29 by $0.15. The firm had revenue of $141.00 million for the quarter, compared to the consensus estimate of $123.07 million. Willdan Group had a net margin of 3.10% and a return on equity of 12.06%. During the same period in the previous year, the company earned $0.19 earnings per share. On average, equities analysts predict that Willdan Group, Inc. will post 1.72 EPS for the current fiscal year.

Insider Activity

In other Willdan Group news, CEO Michael A. Bieber sold 10,346 shares of the company's stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $36.61, for a total value of $378,767.06. Following the transaction, the chief executive officer now directly owns 169,726 shares of the company's stock, valued at $6,213,668.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Creighton K. Early sold 10,000 shares of the company's stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $36.45, for a total transaction of $364,500.00. Following the completion of the sale, the chief financial officer now owns 68,342 shares of the company's stock, valued at $2,491,065.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael A. Bieber sold 10,346 shares of the firm's stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $36.61, for a total transaction of $378,767.06. Following the completion of the transaction, the chief executive officer now directly owns 169,726 shares in the company, valued at approximately $6,213,668.86. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,305 shares of company stock valued at $1,105,451. 9.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Semanteon Capital Management LP bought a new position in shares of Willdan Group in the 3rd quarter valued at $579,000. Mount Yale Investment Advisors LLC bought a new position in Willdan Group in the third quarter valued at about $284,000. Ausbil Investment Management Ltd acquired a new position in Willdan Group during the third quarter worth about $352,000. Allspring Global Investments Holdings LLC bought a new position in shares of Willdan Group in the third quarter worth about $2,970,000. Finally, nVerses Capital LLC lifted its holdings in shares of Willdan Group by 125.0% in the third quarter. nVerses Capital LLC now owns 900 shares of the construction company's stock worth $37,000 after acquiring an additional 500 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

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.