Summit Creek Advisors LLC cut its stake in Willdan Group, Inc. (NASDAQ:WLDN) by 12.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 304,688 shares of the construction company’s stock after selling 42,757 shares during the period. Willdan Group comprises about 1.8% of Summit Creek Advisors LLC’s holdings, making the stock its 28th largest holding. Summit Creek Advisors LLC owned about 2.71% of Willdan Group worth $10,688,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the stock. Rice Hall James & Associates LLC boosted its holdings in Willdan Group by 43.8% in the second quarter. Rice Hall James & Associates LLC now owns 730,288 shares of the construction company’s stock valued at $27,203,000 after purchasing an additional 222,543 shares during the period. BlackRock Inc. boosted its holdings in Willdan Group by 7.9% in the second quarter. BlackRock Inc. now owns 670,639 shares of the construction company’s stock valued at $24,982,000 after purchasing an additional 48,996 shares during the period. Vanguard Group Inc. boosted its holdings in Willdan Group by 5.3% in the second quarter. Vanguard Group Inc. now owns 496,039 shares of the construction company’s stock valued at $18,478,000 after purchasing an additional 24,913 shares during the period. Handelsbanken Fonder AB boosted its holdings in Willdan Group by 23.8% in the second quarter. Handelsbanken Fonder AB now owns 291,176 shares of the construction company’s stock valued at $10,846,000 after purchasing an additional 56,058 shares during the period. Finally, Cortina Asset Management LLC acquired a new stake in Willdan Group in the second quarter valued at $9,241,000. Hedge funds and other institutional investors own 86.87% of the company’s stock.
Willdan Group stock traded up $0.30 during midday trading on Thursday, reaching $35.45. The company’s stock had a trading volume of 3,316 shares, compared to its average volume of 78,147. Willdan Group, Inc. has a fifty-two week low of $29.06 and a fifty-two week high of $40.70. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.67. The company has a market cap of $381.99 million, a P/E ratio of 23.14 and a beta of 1.16. The business has a 50-day simple moving average of $36.33 and a 200-day simple moving average of $35.77.
Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings results on Thursday, August 1st. The construction company reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.09). Willdan Group had a net margin of 1.62% and a return on equity of 10.83%. The business had revenue of $104.40 million during the quarter, compared to analyst estimates of $87.13 million. As a group, equities analysts forecast that Willdan Group, Inc. will post 1.64 earnings per share for the current year.
A number of analysts have weighed in on the company. BidaskClub cut Willdan Group from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. ValuEngine cut Willdan Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th. Finally, Zacks Investment Research restated a “sell” rating on shares of Willdan Group in a research note on Saturday, October 5th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $41.67.
About Willdan Group
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 survey, program design, master planning, benchmarking analysis, design engineering, construction management, performance contracting, installation, alternative financing, and measurement and verification services.
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