Willdan Group, Inc. (NASDAQ:WLDN) Shares Sold by Connors Investor Services Inc.

Connors Investor Services Inc. lessened its stake in Willdan Group, Inc. (NASDAQ:WLDN) by 18.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,372 shares of the construction company’s stock after selling 2,300 shares during the quarter. Connors Investor Services Inc. owned approximately 0.07% of Willdan Group worth $299,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Acadian Asset Management LLC increased its holdings in Willdan Group by 168.3% in the first quarter. Acadian Asset Management LLC now owns 2,750 shares of the construction company’s stock valued at $78,000 after buying an additional 1,725 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Willdan Group during the first quarter worth $90,000. BNP Paribas Financial Markets lifted its position in shares of Willdan Group by 82.5% in the 1st quarter. BNP Paribas Financial Markets now owns 6,080 shares of the construction company’s stock worth $176,000 after buying an additional 2,748 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Willdan Group by 73.6% in the 1st quarter. Lazard Asset Management LLC now owns 6,800 shares of the construction company’s stock worth $197,000 after buying an additional 2,882 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of Willdan Group in the 1st quarter valued at about $201,000. Institutional investors own 72.29% of the company’s stock.

Willdan Group Price Performance

Shares of NASDAQ WLDN opened at $38.97 on Tuesday. The firm’s 50-day simple moving average is $35.77 and its 200 day simple moving average is $31.33. The stock has a market cap of $538.45 million, a P/E ratio of 41.90 and a beta of 1.40. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.40. Willdan Group, Inc. has a fifty-two week low of $17.09 and a fifty-two week high of $40.51.

Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings data on Thursday, August 1st. The construction company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.15. Willdan Group had a net margin of 3.10% and a return on equity of 12.06%. The business had revenue of $141.00 million during the quarter, compared to analysts’ expectations of $123.07 million. During the same period last year, the firm posted $0.19 earnings per share. Equities analysts expect that Willdan Group, Inc. will post 1.72 EPS for the current year.

Insider Transactions at Willdan Group

In related news, major shareholder Fund L.P. Forager sold 188,230 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $29.93, for a total value of $5,633,723.90. Following the sale, the insider now directly owns 1,255,765 shares in the company, valued at approximately $37,585,046.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Willdan Group news, CEO Michael A. Bieber sold 750 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $36.46, for a total transaction of $27,345.00. Following the completion of the sale, the chief executive officer now directly owns 169,726 shares of the company’s stock, valued at $6,188,209.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Fund L.P. Forager sold 188,230 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $29.93, for a total transaction of $5,633,723.90. Following the completion of the sale, the insider now owns 1,255,765 shares of the company’s stock, valued at approximately $37,585,046.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 218,995 shares of company stock valued at $6,752,644. Corporate insiders own 9.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on WLDN. Wedbush initiated coverage on shares of Willdan Group in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $51.00 target price on the stock. StockNews.com raised Willdan Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 3rd. Finally, Roth Mkm upped their price objective on Willdan Group from $34.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd.

Willdan Group Profile

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.