Fund L.P. Forager Sells 11,000 Shares of Willdan Group, Inc. (NASDAQ:WLDN) Stock

Willdan Group, Inc. (NASDAQ:WLDN) major shareholder Fund L.P. Forager sold 11,000 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $31.01, for a total value of $341,110.00. Following the completion of the sale, the insider now owns 1,475,837 shares in the company, valued at $45,765,705.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Fund L.P. Forager also recently made the following trade(s):

• On Thursday, June 6th, Fund L.P. Forager sold 12,840 shares of Willdan Group stock. The shares were sold at an average price of $32.03, for a total value of $411,265.20.
• On Wednesday, May 15th, Fund L.P. Forager sold 5,505 shares of Willdan Group stock. The stock was sold at an average price of $32.60, for a total value of $179,463.00.
• On Monday, May 13th, Fund L.P. Forager sold 1,799 shares of Willdan Group stock. The shares were sold at an average price of $32.32, for a total transaction of $58,143.68.
• On Friday, May 10th, Fund L.P. Forager sold 15,580 shares of Willdan Group stock. The stock was sold at an average price of $33.15, for a total transaction of $516,477.00.
• On Wednesday, May 8th, Fund L.P. Forager sold 5,707 shares of Willdan Group stock. The shares were sold at an average price of $33.01, for a total transaction of $188,388.07.
• On Monday, May 6th, Fund L.P. Forager sold 10,830 shares of Willdan Group stock. The stock was sold at an average price of $32.84, for a total transaction of $355,657.20.
• On Friday, May 3rd, Fund L.P. Forager sold 86,483 shares of Willdan Group stock. The shares were sold at an average price of $31.25, for a total value of $2,702,593.75.
• On Wednesday, May 1st, Fund L.P. Forager sold 50,208 shares of Willdan Group stock. The stock was sold at an average price of $28.85, for a total value of $1,448,500.80.
• On Tuesday, March 26th, Fund L.P. Forager sold 10,456 shares of Willdan Group stock. The stock was sold at an average price of $29.83, for a total value of $311,902.48.

Willdan Group Price Performance

Shares of NASDAQ WLDN opened at $30.29 on Wednesday. The stock has a market cap of $418.61 million, a P/E ratio of 32.57 and a beta of 1.44. Willdan Group, Inc. has a twelve month low of $17.09 and a twelve month high of $34.81. The stock has a 50 day moving average of $30.11 and a two-hundred day moving average of $24.66. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.43.

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

Institutional Investors Weigh In On Willdan Group

Hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC increased its position in Willdan Group by 168.3% in the 1st quarter. Acadian Asset Management LLC now owns 2,750 shares of the construction company’s stock valued at $78,000 after acquiring an additional 1,725 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Willdan Group in the 1st quarter valued at approximately $90,000. New York State Common Retirement Fund increased its holdings in shares of Willdan Group by 62.6% in the third quarter. New York State Common Retirement Fund now owns 5,200 shares of the construction company’s stock valued at $106,000 after purchasing an additional 2,001 shares during the period. SG Americas Securities LLC raised its stake in shares of Willdan Group by 27.2% during the fourth quarter. SG Americas Securities LLC now owns 6,776 shares of the construction company’s stock worth $146,000 after purchasing an additional 1,448 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Willdan Group by 82.5% during the first quarter. BNP Paribas Financial Markets now owns 6,080 shares of the construction company’s stock worth $176,000 after purchasing an additional 2,748 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About Willdan Group

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.