Willdan Group, Inc. (NASDAQ:WLDN) Shares Purchased by Summit Creek Advisors LLC

Summit Creek Advisors LLC grew its stake in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 365,153 shares of the construction company's stock after acquiring an additional 6,119 shares during the quarter. Willdan Group comprises approximately 1.8% of Summit Creek Advisors LLC's investment portfolio, making the stock its 28th biggest position. Summit Creek Advisors LLC owned about 2.59% of Willdan Group worth $13,909,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. acquired a new stake in Willdan Group during the third quarter worth about $308,000. Quest Partners LLC acquired a new stake in shares of Willdan Group during the 3rd quarter worth approximately $373,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Willdan Group by 56.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,612 shares of the construction company's stock valued at $1,868,000 after buying an additional 16,394 shares during the period. Intech Investment Management LLC acquired a new position in Willdan Group in the third quarter valued at approximately $208,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Willdan Group by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 36,533 shares of the construction company's stock valued at $1,496,000 after acquiring an additional 964 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.

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Willdan Group Stock Down 0.8 %

WLDN stock traded down $0.31 during midday trading on Friday, reaching $40.97. 76,911 shares of the company were exchanged, compared to its average volume of 127,965. The stock's 50-day simple moving average is $36.82 and its 200 day simple moving average is $39.89. Willdan Group, Inc. has a 1-year low of $25.91 and a 1-year high of $50.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market cap of $590.30 million, a price-to-earnings ratio of 25.13 and a beta of 1.41.

Insider Activity at Willdan Group

In related news, Director Mohammad Shahidehpour sold 2,273 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $39.20, for a total transaction of $89,101.60. Following the transaction, the director now owns 12,767 shares in the company, valued at $500,466.40. This trade represents a 15.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 9.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wedbush upgraded shares of Willdan Group to a "strong-buy" rating in a report on Monday, March 10th. StockNews.com cut Willdan Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 19th.

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.