Summit Creek Advisors LLC Buys 6,119 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

Summit Creek Advisors LLC raised its stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 365,153 shares of the construction company’s stock after purchasing an additional 6,119 shares during the quarter. Willdan Group accounts for about 1.8% of Summit Creek Advisors LLC’s holdings, making the stock its 28th biggest holding. Summit Creek Advisors LLC owned approximately 2.59% of Willdan Group worth $13,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Willdan Group by 7.2% in the fourth quarter. Vanguard Group Inc. now owns 751,985 shares of the construction company’s stock worth $28,643,000 after buying an additional 50,262 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of Willdan Group in the third quarter worth $15,608,000. Geode Capital Management LLC boosted its holdings in Willdan Group by 0.5% in the third quarter. Geode Capital Management LLC now owns 294,797 shares of the construction company’s stock valued at $12,075,000 after acquiring an additional 1,514 shares in the last quarter. State Street Corp boosted its holdings in Willdan Group by 2.6% in the third quarter. State Street Corp now owns 240,265 shares of the construction company’s stock valued at $9,839,000 after acquiring an additional 6,178 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Willdan Group by 23.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 89,354 shares of the construction company’s stock valued at $3,397,000 after acquiring an additional 16,832 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on WLDN. StockNews.com cut shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 19th. Wedbush upgraded shares of Willdan Group to a “strong-buy” rating in a report on Monday, March 10th.

Insider Activity

In other news, Director Mohammad Shahidehpour sold 2,273 shares of the business’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 sale, the director now owns 12,767 shares in the company, valued at approximately $500,466.40. The trade was a 15.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 9.80% of the company’s stock.

Willdan Group Stock Performance

Shares of WLDN stock opened at $41.96 on Monday. Willdan Group, Inc. has a 12 month low of $25.91 and a 12 month high of $50.00. The stock has a market cap of $604.56 million, a PE ratio of 25.74 and a beta of 1.41. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37. The company’s fifty day moving average price is $36.38 and its 200-day moving average price is $39.78.

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.