Willdan Group, Inc. (NASDAQ:WLDN) Director Sells $89,101.60 in Stock

Willdan Group, Inc. (NASDAQ:WLDN) Director Mohammad Shahidehpour sold 2,273 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $39.20, for a total transaction of $89,101.60. Following the completion of the sale, the director now directly owns 12,767 shares of the company’s stock, valued at $500,466.40. This trade represents a 15.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Willdan Group Price Performance

Shares of Willdan Group stock opened at $40.36 on Friday. The company’s fifty day simple moving average is $35.83 and its two-hundred day simple moving average is $39.63. Willdan Group, Inc. has a 12-month low of $25.91 and a 12-month high of $50.00. The firm has a market cap of $581.51 million, a PE ratio of 24.76 and a beta of 1.41. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37.

Institutional Trading of Willdan Group

Several large investors have recently modified their holdings of WLDN. Lord Abbett & CO. LLC purchased a new stake in Willdan Group in the 3rd quarter worth approximately $15,608,000. JPMorgan Chase & Co. lifted its stake in Willdan Group by 82.8% in the third quarter. JPMorgan Chase & Co. now owns 76,586 shares of the construction company’s stock worth $3,136,000 after acquiring an additional 34,699 shares during the period. Franklin Resources Inc. bought a new stake in Willdan Group in the third quarter valued at $351,000. Geode Capital Management LLC increased its position in Willdan Group by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 294,797 shares of the construction company’s stock valued at $12,075,000 after purchasing an additional 1,514 shares during the period. Finally, Los Angeles Capital Management LLC raised its holdings in Willdan Group by 28.9% in the 3rd quarter. Los Angeles Capital Management LLC now owns 54,902 shares of the construction company’s stock worth $2,248,000 after purchasing an additional 12,304 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WLDN. Wedbush upgraded shares of Willdan Group to a “strong-buy” rating in a research report on Monday, March 10th. StockNews.com upgraded Willdan Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 11th.

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.