The Insider Selling: Willdan Group, Inc. (WLDN) Insider Sells 4,714 Shares of Stock

The Insider Selling: Willdan Group, Inc. (WLDN) Insider Sells 4,714 Shares of Stock

Marc Tipermas also recently made the following trade(s):

Willdan Group, Inc. (NASDAQ:WLDN) insider Marc Tipermas sold 4,714 shares of the firm’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $31.05, for a total transaction of $146,369.70. Following the completion of the transaction, the insider now directly owns 48,333 shares of the company’s stock, valued at $1,500,739.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Willdan Group, Inc. (NASDAQ WLDN) opened at 33.82 on Monday. The company has a 50 day moving average price of $31.47 and a 200 day moving average price of $28.18. Willdan Group, Inc. has a 12-month low of $9.76 and a 12-month high of $36.39. The company has a market capitalization of $291.12 million, a P/E ratio of 29.80 and a beta of 1.73. Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings results on Thursday, March 9th. The construction company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $57.43 million during the quarter, compared to the consensus estimate of $42.98 million. Willdan Group had a return on equity of 16.60% and a net margin of 3.88%. Equities analysts anticipate that Willdan Group, Inc. will post $1.16 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of WLDN. Wells Fargo & Company MN purchased a new stake in shares of Willdan Group during the third quarter valued at about $163,000. Tocqueville Asset Management L.P. boosted its stake in shares of Willdan Group by 4.7% in the third quarter. Tocqueville Asset Management L.P. now owns 216,000 shares of the construction company’s stock valued at $3,791,000 after buying an additional 9,606 shares during the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in shares of Willdan Group during the fourth quarter valued at about $590,000. Russell Investments Group Ltd. purchased a new stake in shares of Willdan Group during the fourth quarter valued at about $479,000. Finally, Oxford Asset Management purchased a new stake in shares of Willdan Group during the fourth quarter valued at about $1,709,000. 35.80% of the stock is owned by hedge funds and other institutional investors. Several research analysts have commented on WLDN shares. Zacks Investment Research lowered shares of Willdan Group from a “hold” rating to a “sell” rating in a research note on Thursday, May 11th. Canaccord Genuity began coverage on shares of Willdan Group in a research note on Thursday, March 30th. They set a “buy” rating for the company. Finally, Wedbush reissued an “outperform” rating and set a $40.00 target price (up from $35.00) on shares of Willdan Group in a research note on Friday, May 12th.

About Willdan Group Willdan Group, Inc is a holding company. The Company provides professional technical and consulting services to utilities, private industry and public agencies at all levels of government, primarily in California and New York. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:WLDN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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