Willdan Group, Inc. (NASDAQ:WLDN) insider Marc Tipermas sold 2,500 shares of the stock in a transaction on 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 directly owns 42,500 shares of the company’s stock, valued at $1,124,975. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
WLDN stock traded down $0.41 on Friday, reaching $26.97. The company’s stock had a trading volume of 79,345 shares, compared to its average volume of 93,788. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.04. The stock has a market cap of $242.25, a PE ratio of 20.28 and a beta of 1.16. Willdan Group, Inc. has a 52 week low of $19.25 and a 52 week high of $36.87.
Willdan Group (NASDAQ:WLDN) last released its quarterly earnings data on Thursday, March 8th. The construction company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The business had revenue of $64.16 million for the quarter, compared to analyst estimates of $55.44 million. Willdan Group had a return on equity of 17.31% and a net margin of 4.44%. equities research analysts predict that Willdan Group, Inc. will post 1.57 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. acquired a new position in Willdan Group during the 3rd quarter worth approximately $861,000. Thomson Horstmann & Bryant Inc. lifted its position in Willdan Group by 12.8% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 154,341 shares of the construction company’s stock worth $3,694,000 after acquiring an additional 17,529 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Willdan Group by 119.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 44,329 shares of the construction company’s stock worth $1,439,000 after acquiring an additional 24,149 shares in the last quarter. Summit Creek Advisors LLC lifted its position in Willdan Group by 29.7% during the 4th quarter. Summit Creek Advisors LLC now owns 209,766 shares of the construction company’s stock worth $5,022,000 after acquiring an additional 48,040 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in Willdan Group during the 3rd quarter worth approximately $4,356,000. 64.35% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have commented on WLDN. Canaccord Genuity set a $36.00 target price on Willdan Group and gave the company a “buy” rating in a report on Sunday, March 11th. Zacks Investment Research restated a “hold” rating on shares of Willdan Group in a research report on Saturday, January 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price 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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