Wulff Hansen & CO. Sells 5,006 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

Wulff Hansen & CO. trimmed its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDNFree Report) by 20.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,415 shares of the construction company’s stock after selling 5,006 shares during the period. Wulff Hansen & CO. owned about 0.14% of Willdan Group worth $417,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WLDN. EAM Investors LLC bought a new position in Willdan Group during the third quarter valued at $1,183,000. Quadrature Capital Ltd bought a new position in shares of Willdan Group during the 3rd quarter worth $327,000. Los Angeles Capital Management LLC bought a new stake in Willdan Group in the 4th quarter valued at about $309,000. Bailard Inc. purchased a new stake in Willdan Group during the fourth quarter valued at about $258,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Willdan Group during the third quarter worth about $213,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Willdan Group Price Performance

NASDAQ:WLDN traded up $0.52 during mid-day trading on Monday, hitting $31.84. 47,600 shares of the stock traded hands, compared to its average volume of 58,855. The business’s 50-day moving average price is $29.36 and its 200 day moving average price is $23.68. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.43. The company has a market cap of $439.93 million, a PE ratio of 34.24 and a beta of 1.47. Willdan Group, Inc. has a 12-month low of $15.87 and a 12-month high of $34.81.

Willdan Group (NASDAQ:WLDNGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.20. The firm had revenue of $122.49 million during the quarter, compared to analyst estimates of $114.02 million. Willdan Group had a net margin of 2.44% and a return on equity of 10.62%. On average, analysts expect that Willdan Group, Inc. will post 1.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Willdan Group news, major shareholder Fund L.P. Forager sold 15,580 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $33.15, for a total value of $516,477.00. Following the sale, the insider now owns 1,524,694 shares of the company’s stock, valued at approximately $50,543,606.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Thomas Donald Brisbin sold 7,347 shares of Willdan Group stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $32.01, for a total transaction of $235,177.47. Following the completion of the sale, the director now directly owns 413,908 shares of the company’s stock, valued at approximately $13,249,195.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Fund L.P. Forager sold 15,580 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $33.15, for a total value of $516,477.00. Following the completion of the transaction, the insider now directly owns 1,524,694 shares in the company, valued at approximately $50,543,606.10. The disclosure for this sale can be found here. Insiders sold a total of 213,608 shares of company stock worth $6,628,188 over the last ninety days. 9.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on WLDN shares. StockNews.com lowered shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 16th. Roth Mkm reissued a “buy” rating and set a $34.00 target price (up previously from $27.00) on shares of Willdan Group in a report on Friday, March 22nd. Finally, Wedbush restated an “outperform” rating and set a $35.00 target price on shares of Willdan Group in a research report on Monday, May 6th.

Check Out Our Latest Stock Analysis on Willdan Group

About Willdan Group

(Free Report)

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.

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Institutional Ownership by Quarter for Willdan Group (NASDAQ:WLDN)

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