Thomas Donald Brisbin, a director at Willdan Group , Inc. (NASDAQ:WLDN), recently sold a total of 23,100 shares of the company's common stock. The transactions occurred over three days: November 21, November 22, and November 25, 2024. The shares were sold at prices ranging from $41.69 to $43.45 per share, totaling approximately $981,596. The sales come as Willdan Group, with a market capitalization of $588 million, has demonstrated remarkable performance, achieving a 107% return over the past year. According to InvestingPro data, analysts maintain a strong buy consensus with price targets ranging from $51 to $59.
Following these transactions, Brisbin holds 406,704 shares of Willdan Group, including restricted stock that is scheduled to vest in 2025 and 2026. The company currently trades near its Fair Value, with InvestingPro analysis revealing 8 additional investment tips and comprehensive financial metrics available to subscribers through their detailed Pro Research Report, part of their coverage of over 1,400 US stocks.
In other recent news, Willdan Group, Inc. reported a significant increase in its third-quarter financials, with contract revenue rising 19% year-over-year to $158 million. Adjusted EBITDA saw a 50% increase to $15.2 million, and adjusted earnings per share nearly doubled to $0.73. Following these robust results, the company revised its full-year financial targets upward, now expecting net revenue between $285 million and $295 million, and adjusted EBITDA of $52 million to $54 million.
In terms of executive restructuring, Willdan Group has entered into new employment agreements with its top executives, including President and CEO Michael Bieber, Executive Vice President and CFO Creighton K. Early, and Executive Vice President and General Counsel, Micah Chen. This move is part of the company's efforts to align its leadership team's interests with those of shareholders.
In other developments, Willdan Group has secured a $4.5 million contract with the City of Bellflower to manage building division operations and provide fire plan inspection review services for the next three years. The company has also won a $103 million project with Clark County School District and a $9 million contract with the New York Power Authority, contributing to its growth strategy. These are among the recent developments that underscore Willdan Group's continued expansion in the market.
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