Summit Creek Advisors LLC Invests $6.60 Million in Willdan Group, Inc. $WLDN

Key Points

• Summit Creek Advisors purchased 83,463 Willdan Group shares worth approximately $6.6 million, giving the stock a 2.2% weighting in its portfolio and representing about 0.55% of Willdan’s outstanding shares.
• Institutional ownership remains high at 72.29%, with Goldman Sachs, Jane Street, JPMorgan, and other major investors increasing their positions.
• Willdan reported quarterly EPS of $2.07, exceeding the $1.30 consensus estimate, while revenue reached $231.03 million. Analysts maintain a consensus “Hold” rating with a $127.50 price target, compared with a share price of $84.54.

Summit Creek Advisors LLC purchased a new stake in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 83,463 shares of the construction company's stock, valued at approximately $6,602,000. Willdan Group comprises approximately 2.2% of Summit Creek Advisors LLC's holdings, making the stock its 15th biggest position. Summit Creek Advisors LLC owned approximately 0.55% of Willdan Group as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Royal Bank of Canada raised its position in Willdan Group by 3.2% during the first quarter. Royal Bank of Canada now owns 76,990 shares of the construction company's stock valued at $3,134,000 after acquiring an additional 2,386 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Willdan Group by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,530 shares of the construction company's stock worth $307,000 after acquiring an additional 312 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Willdan Group by 35.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 214,421 shares of the construction company's stock worth $8,731,000 after purchasing an additional 55,704 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Willdan Group by 205.9% during the 1st quarter. Jane Street Group LLC now owns 25,302 shares of the construction company's stock worth $1,030,000 after purchasing an additional 17,031 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Willdan Group by 10.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 87,234 shares of the construction company's stock valued at $5,453,000 after purchasing an additional 8,602 shares in the last quarter. Institutional investors own 72.29% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on WLDN. Wedbush reaffirmed an "outperform" rating and issued a $130.00 price objective on shares of Willdan Group in a research note on Tuesday. Zacks Research lowered Willdan Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 28th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Willdan Group in a research report on Tuesday, July 21st. Finally, Wall Street Zen upgraded Willdan Group from a "hold" rating to a "buy" rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Willdan Group has an average rating of "Hold" and a consensus price target of $127.50.

Willdan Group Trading Up 1.3%

NASDAQ:WLDN opened at $84.54 on Wednesday. The company's 50 day moving average is $79.53 and its 200-day moving average is $87.24. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.19. Willdan Group, Inc. has a 12 month low of $64.67 and a 12 month high of $137.00. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 19.85 and a beta of 1.14.

Willdan Group (NASDAQ:WLDN - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The construction company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.77. Willdan Group had a net margin of 8.80% and a return on equity of 24.51%. The business had revenue of $231.03 million during the quarter, compared to the consensus estimate of $102.27 million. Willdan Group has set its FY 2026 guidance at 5.000-5.150 EPS. Equities analysts anticipate that Willdan Group, Inc. will post 4.12 EPS for the current year.

Willdan Group Profile

Willdan Group, Inc provides energy efficiency, infrastructure engineering, and technical consulting services to a diverse range of public and private sector clients. The company works with utilities, municipalities, state and federal agencies, and commercial enterprises to design, implement, and manage programs that promote sustainable energy use, grid modernization, and resilient infrastructure. Willdan's offerings span program design and implementation, energy audits, measurement and verification, and project management for both new construction and retrofit initiatives.

Core services include energy advisory and engineering solutions, including feasibility studies, facility commissioning and retro-commissioning, $0 down financing for energy projects, and demand response program development.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source