Broadwind (NASDAQ:BWEN) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Broadwind (NASDAQ:BWEN) from a buy rating to a hold rating in a research note published on Wednesday.

BWEN has been the topic of several other reports. HC Wainwright restated a buy rating and set a $8.00 target price on shares of Broadwind in a report on Friday, May 17th. Roth Mkm raised their target price on Broadwind from $3.50 to $4.00 and gave the company a buy rating in a report on Wednesday, May 15th.

Broadwind Price Performance

Shares of NASDAQ:BWEN opened at $3.02 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 0.53 and a debt-to-equity ratio of 0.17. Broadwind has a 1 year low of $2.01 and a 1 year high of $4.81. The business has a fifty day simple moving average of $3.54 and a 200 day simple moving average of $2.84. The firm has a market cap of $65.62 million, a price-to-earnings ratio of 7.74 and a beta of 1.44.

Broadwind (NASDAQ:BWEN) last announced its quarterly earnings data on Tuesday, May 14th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.13. Broadwind had a return on equity of 15.41% and a net margin of 4.36%. The business had revenue of $37.62 million during the quarter, compared to analyst estimates of $34.13 million. During the same period last year, the company earned $0.07 earnings per share. As a group, sell-side analysts predict that Broadwind will post 0.09 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Daniel E. Schueller sold 5,800 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $4.53, for a total value of $26,274.00. Following the sale, the insider now directly owns 146,694 shares of the company’s stock, valued at $664,523.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 5.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Broadwind

A number of institutional investors have recently added to or reduced their stakes in BWEN. Grace & White Inc. NY grew its position in Broadwind by 25.3% during the fourth quarter. Grace & White Inc. NY now owns 1,606,590 shares of the industrial products company’s stock worth $4,450,000 after buying an additional 324,226 shares in the last quarter. TSA Wealth Managment LLC acquired a new stake in Broadwind during the fourth quarter valued at approximately $41,000. Perritt Capital Management Inc. boosted its holdings in Broadwind by 36.4% during the fourth quarter. Perritt Capital Management Inc. now owns 150,000 shares of the industrial products company’s stock valued at $416,000 after purchasing an additional 40,000 shares in the last quarter. Lincoln Capital Corp acquired a new stake in Broadwind during the first quarter valued at approximately $49,000. Finally, Essex Investment Management Co. LLC boosted its holdings in Broadwind by 33.5% during the first quarter. Essex Investment Management Co. LLC now owns 195,859 shares of the industrial products company’s stock valued at $466,000 after purchasing an additional 49,173 shares in the last quarter. 33.27% of the stock is owned by institutional investors and hedge funds.

Broadwind Company Profile

Broadwind, Inc manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets.