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

Broadwind (NASDAQ:BWEN) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

BWEN has been the subject of a number of other reports. HC Wainwright reissued a “buy” rating and issued a $8.00 price objective on shares of Broadwind in a research report on Friday, May 17th. Roth Mkm increased their price target on shares of Broadwind from $3.50 to $4.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th.

Broadwind Stock Up 3.0 %

NASDAQ:BWEN traded up $0.10 on Monday, reaching $3.48. The stock had a trading volume of 207,640 shares, compared to its average volume of 157,571. The company has a current ratio of 1.47, a quick ratio of 0.53 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average of $3.45 and a 200 day moving average of $2.78. The stock has a market cap of $75.62 million, a P/E ratio of 8.92 and a beta of 1.44. Broadwind has a 12-month low of $2.01 and a 12-month high of $4.81.

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

Insider Transactions at Broadwind

In other Broadwind news, insider Daniel E. Schueller sold 5,800 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $4.53, for a total value of $26,274.00. Following the transaction, the insider now owns 146,694 shares of the company’s stock, valued at $664,523.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Broadwind

A number of large investors have recently bought and sold shares of the business. Grace & White Inc. NY lifted its holdings in Broadwind by 25.3% in 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 acquiring an additional 324,226 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Broadwind by 7.2% in 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. Essex Investment Management Co. LLC increased its stake in shares of Broadwind by 33.5% in 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. Mather Group LLC. acquired a new stake in shares of Broadwind in the second quarter valued at approximately $495,000. Finally, Perritt Capital Management Inc. increased its stake in shares of Broadwind by 36.4% in 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. Institutional investors own 33.27% of the company’s stock.

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.