Willdan Group, Inc. (NASDAQ:WLDN) insider Marc Tipermas sold 8,286 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $33.85, for a total value of $280,481.10. Following the sale, the insider now owns 31,333 shares of the company’s stock, valued at approximately $1,060,622.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Willdan Group, Inc. (NASDAQ:WLDN) traded down 1.09% during mid-day trading on Monday, reaching $31.86. The company’s stock had a trading volume of 142,256 shares. The company’s 50-day moving average price is $28.87 and its 200 day moving average price is $22.80. Willdan Group, Inc. has a 52 week low of $8.40 and a 52 week high of $36.39. The firm has a market capitalization of $268.07 million, a price-to-earnings ratio of 32.85 and a beta of 1.73.
Willdan Group (NASDAQ:WLDN) last posted its earnings results on Thursday, March 9th. The company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.02. Willdan Group had a net margin of 3.88% and a return on equity of 16.60%. On average, equities analysts forecast that Willdan Group, Inc. will post $1.19 earnings per share for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of the stock. Navellier & Associates Inc bought a new stake in Willdan Group during the third quarter valued at $227,000. Wells Fargo & Company MN bought a new stake in Willdan Group during the third quarter valued at $163,000. Tocqueville Asset Management L.P. increased its stake in Willdan Group by 4.7% in the third quarter. Tocqueville Asset Management L.P. now owns 216,000 shares of the company’s stock valued at $3,791,000 after buying an additional 9,606 shares during the period. ClariVest Asset Management LLC bought a new stake in Willdan Group during the third quarter valued at $350,000. Finally, Cornercap Investment Counsel Inc. bought a new stake in Willdan Group during the fourth quarter valued at $590,000. Hedge funds and other institutional investors own 35.80% of the company’s stock.
WLDN has been the subject of a number of analyst reports. Wedbush restated an “outperform” rating and set a $23.00 target price (down previously from $30.00) on shares of Willdan Group in a report on Friday, January 20th. Zacks Investment Research lowered Willdan Group from a “buy” rating to a “sell” rating in a report on Wednesday, January 11th.
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.
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