Willdan Group (NASDAQ:WLDN) Sees Strong Trading Volume – Should You Buy?

Shares of Willdan Group, Inc. (NASDAQ:WLDN) saw unusually-strong trading volume on Monday . Approximately 47,414 shares were traded during trading, a decline of 52% from the previous session’s volume of 98,684 shares.The stock last traded at $43.85 and had previously closed at $43.68.

Analyst Ratings Changes

Several analysts have weighed in on WLDN shares. Wedbush started coverage on Willdan Group in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $51.00 price objective on the stock. StockNews.com cut Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 9th. Finally, Roth Mkm lifted their price objective on Willdan Group from $34.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, August 2nd.

Willdan Group Stock Performance

The company has a market capitalization of $635.71 million, a PE ratio of 26.80 and a beta of 1.39. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.40. The business’s fifty day moving average is $41.61 and its two-hundred day moving average is $35.31.

Willdan Group (NASDAQ:WLDN) last announced its earnings results on Thursday, August 1st. The construction company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.15. The business had revenue of $141.00 million during the quarter, compared to analyst estimates of $123.07 million. Willdan Group had a net margin of 3.97% and a return on equity of 14.14%. During the same period in the previous year, the business earned $0.19 EPS. Equities research analysts predict that Willdan Group, Inc. will post 1.72 earnings per share for the current year.

Insider Buying and Selling at Willdan Group

In other Willdan Group news, CFO Creighton K. Early sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $36.45, for a total transaction of $364,500.00. Following the completion of the sale, the chief financial officer now directly owns 68,342 shares in the company, valued at approximately $2,491,065.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Willdan Group news, CFO Creighton K. Early sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $36.45, for a total transaction of $364,500.00. Following the completion of the sale, the chief financial officer now directly owns 68,342 shares in the company, valued at approximately $2,491,065.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael A. Bieber sold 9,209 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $36.36, for a total transaction of $334,839.24. Following the sale, the chief executive officer now directly owns 169,726 shares of the company’s stock, valued at approximately $6,171,237.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,305 shares of company stock worth $1,105,451. Insiders own 9.80% of the company’s stock.

Institutional Investors Weigh In On Willdan Group

A number of hedge funds have recently modified their holdings of WLDN. BNP Paribas Financial Markets grew its position in shares of Willdan Group by 82.5% during the 1st quarter. BNP Paribas Financial Markets now owns 6,080 shares of the construction company’s stock valued at $176,000 after acquiring an additional 2,748 shares during the period. Essex Investment Management Co. LLC boosted its holdings in Willdan Group by 1.6% in the 1st quarter. Essex Investment Management Co. LLC now owns 135,336 shares of the construction company’s stock worth $3,923,000 after buying an additional 2,100 shares during the period. Acadian Asset Management LLC boosted its holdings 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 worth $78,000 after buying an additional 1,725 shares during the period. Summit Creek Advisors LLC boosted its holdings in Willdan Group by 3.3% in the 1st quarter. Summit Creek Advisors LLC now owns 374,597 shares of the construction company’s stock worth $10,860,000 after buying an additional 12,056 shares during the period. Finally, EntryPoint Capital LLC bought a new position in Willdan Group in the 1st quarter worth $90,000. Institutional investors own 72.29% of the company’s stock.

Willdan Group Company 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.