Insider Selling: Willdan Group, Inc. (NASDAQ:WLDN) Director Sells 7,700 Shares of Stock

Willdan Group, Inc. (NASDAQ:WLDN) Director Thomas Donald Brisbin sold 7,700 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $43.45, for a total value of $334,565.00. Following the transaction, the director now owns 406,704 shares of the company’s stock, valued at $17,671,288.80. This represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Thomas Donald Brisbin also recently made the following trade(s):

• On Thursday, November 21st, Thomas Donald Brisbin sold 7,700 shares of Willdan Group stock. The shares were sold at an average price of $41.69, for a total value of $321,013.00.

Willdan Group Trading Up 2.0 %

Shares of WLDN stock traded up $0.83 during trading hours on Monday, hitting $41.64. 119,771 shares of the company were exchanged, compared to its average volume of 104,932. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.77 and a current ratio of 1.77. The company has a 50 day simple moving average of $43.84 and a two-hundred day simple moving average of $38.02. The firm has a market cap of $588.17 million, a P/E ratio of 25.55 and a beta of 1.36. Willdan Group, Inc. has a fifty-two week low of $17.23 and a fifty-two week high of $50.00.

Wall Street Analyst Weigh In

Several brokerages recently commented on WLDN. Wedbush restated an “outperform” rating and set a $51.00 target price on shares of Willdan Group in a report on Monday, November 4th. StockNews.com lowered Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 9th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WLDN. Lord Abbett & CO. LLC purchased a new stake in Willdan Group in the third quarter valued at approximately $15,608,000. Franklin Resources Inc. bought a new stake in shares of Willdan Group during the 3rd quarter valued at $351,000. Barclays PLC increased its stake in Willdan Group by 245.7% in the 3rd quarter. Barclays PLC now owns 17,301 shares of the construction company’s stock worth $708,000 after buying an additional 12,297 shares in the last quarter. Geode Capital Management LLC boosted its stake in Willdan Group by 0.5% during the third quarter. Geode Capital Management LLC now owns 294,797 shares of the construction company’s stock valued at $12,075,000 after buying an additional 1,514 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Willdan Group during the 3rd quarter valued at $365,000. 72.29% of the stock is owned by institutional investors.

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.