StockNews.com Upgrades Broadwind (NASDAQ:BWEN) to Buy

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

A number of other equities research analysts have also recently commented on BWEN. Roth Mkm increased their price target on Broadwind from $3.50 to $4.00 and gave the company a buy rating in a research note on Wednesday, May 15th. HC Wainwright restated a buy rating and issued a $8.00 price objective on shares of Broadwind in a research note on Friday, May 17th.

Broadwind Trading Up 4.3 %

Broadwind stock opened at $3.36 on Tuesday. The stock has a 50-day moving average of $3.61 and a two-hundred 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. Broadwind has a one year low of $2.01 and a one year high of $4.81. The stock has a market cap of $73.01 million, a PE ratio of 8.62 and a beta of 1.44.

Broadwind (NASDAQ:BWEN) last released its quarterly earnings results on Tuesday, May 14th. The industrial products company reported $0.07 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 company had revenue of $37.62 million during the quarter, compared to analysts’ expectations of $34.13 million. During the same period last year, the business posted $0.07 earnings per share. On average, research analysts anticipate that Broadwind will post 0.09 EPS for the current fiscal year.

Insider Transactions at Broadwind

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 completion of the transaction, the insider now directly owns 146,694 shares in the company, valued at $664,523.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.70% of the company’s stock.

Institutional Trading of Broadwind

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TSA Wealth Managment LLC acquired a new stake in Broadwind during the fourth quarter worth about $41,000. Lincoln Capital Corp acquired a new stake in Broadwind during the first quarter worth about $49,000. Perritt Capital Management Inc. grew 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 worth $416,000 after acquiring an additional 40,000 shares during the period. Mather Group LLC. acquired a new stake in Broadwind during the second quarter worth about $495,000. Finally, Essex Investment Management Co. LLC grew 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 worth $466,000 after acquiring an additional 49,173 shares during the period. 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.