Summit Creek Advisors LLC Reduces Holdings in Willdan Group, Inc. (NASDAQ:WLDN)

Summit Creek Advisors LLC reduced its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 5.2% in the second quarter, Holdings Channel reports. The institutional investor owned 355,189 shares of the construction company’s stock after selling 19,408 shares during the period. Summit Creek Advisors LLC’s holdings in Willdan Group were worth $10,247,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC grew its position in shares of Willdan Group by 168.3% during the 1st quarter. Acadian Asset Management LLC now owns 2,750 shares of the construction company’s stock valued at $78,000 after acquiring an additional 1,725 shares during the period. EntryPoint Capital LLC bought a new stake in Willdan Group during the first quarter valued at about $90,000. BNP Paribas Financial Markets increased its position in Willdan Group by 82.5% in the first quarter. BNP Paribas Financial Markets now owns 6,080 shares of the construction company’s stock worth $176,000 after buying an additional 2,748 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Willdan Group by 73.6% in the first quarter. Lazard Asset Management LLC now owns 6,800 shares of the construction company’s stock worth $197,000 after buying an additional 2,882 shares during the period. Finally, Mount Yale Investment Advisors LLC purchased a new position in shares of Willdan Group during the 1st quarter valued at about $201,000. 72.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Creighton K. Early sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $36.45, for a total transaction of $364,500.00. Following the completion of the transaction, the chief financial officer now owns 68,342 shares in the company, valued at $2,491,065.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Fund L.P. Forager sold 6,642 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $29.40, for a total value of $195,274.80. Following the sale, the insider now owns 1,449,455 shares in the company, valued at $42,613,977. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Creighton K. Early sold 10,000 shares of the company’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 sale, the chief financial officer now directly owns 68,342 shares in the company, valued at approximately $2,491,065.90. The disclosure for this sale can be found here. Insiders have sold a total of 256,004 shares of company stock worth $7,890,685 in the last 90 days. 9.80% of the stock is currently owned by corporate insiders.

Willdan Group Stock Up 1.5 %

NASDAQ WLDN opened at $38.90 on Friday. Willdan Group, Inc. has a 12 month low of $17.09 and a 12 month high of $40.51. 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 stock has a market cap of $544.21 million, a PE ratio of 41.83 and a beta of 1.40. The stock’s 50 day moving average is $34.60 and its 200 day moving average is $30.36.

Willdan Group (NASDAQ:WLDN) last released its earnings results on Thursday, August 1st. The construction company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.29 by $0.15. Willdan Group had a net margin of 3.10% and a return on equity of 12.06%. The firm had revenue of $141.00 million for the quarter, compared to the consensus estimate of $123.07 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. Research analysts predict that Willdan Group, Inc. will post 1.72 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on WLDN. StockNews.com upgraded shares of Willdan Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Wedbush started coverage on shares of Willdan Group in a research note on Tuesday. They set an “outperform” rating and a $51.00 target price on the stock. Finally, Roth Mkm increased their price target on Willdan Group from $34.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd.

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.