Broadwind (NASDAQ:BWEN) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Broadwind (NASDAQ:BWEN) from a hold rating to a buy rating in a report released on Tuesday.

Several other research analysts have also commented on BWEN. Roth Mkm boosted their price objective on Broadwind from $3.50 to $4.00 and gave the stock a buy rating in a report on Wednesday, May 15th. HC Wainwright reissued a buy rating and set a $8.00 price objective on shares of Broadwind in a report on Friday, May 17th.

Broadwind Price Performance

NASDAQ:BWEN opened at $3.36 on Tuesday. Broadwind has a 52-week low of $2.01 and a 52-week high of $4.81. The stock has a fifty day moving average of $3.61 and a 200 day moving average of $2.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.53 and a current ratio of 1.47. The firm has a market capitalization of $73.01 million, a price-to-earnings ratio of 8.62 and a beta of 1.44.

Broadwind (NASDAQ:BWEN) last issued its quarterly earnings results on Tuesday, May 14th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.13. Broadwind had a return on equity of 15.41% and a net margin of 4.36%. The firm had revenue of $37.62 million during the quarter, compared to the consensus estimate of $34.13 million. During the same quarter last year, the company posted $0.07 EPS. On average, research analysts expect that Broadwind will post 0.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other Broadwind news, insider Daniel E. Schueller sold 5,800 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $4.53, for a total value of $26,274.00. Following the completion of the sale, the insider now owns 146,694 shares of the company’s stock, valued at $664,523.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.70% of the stock is owned by insiders.

Institutional Trading of Broadwind

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Grace & White Inc. NY boosted its stake in shares of 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 valued at $4,450,000 after purchasing an additional 324,226 shares during the period. Mather Group LLC. purchased a new stake in shares of Broadwind during the second quarter valued at approximately $495,000. Essex Investment Management Co. LLC boosted its stake in shares of 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 during the period. Perritt Capital Management Inc. boosted its stake in shares of 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 during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Broadwind by 7.2% during the first quarter. Russell Investments Group Ltd. now owns 360,365 shares of the industrial products company’s stock valued at $858,000 after purchasing an additional 24,119 shares during the period. Hedge funds and other institutional investors own 33.27% of the company’s stock.

About Broadwind

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.