Broadwind (NASDAQ:BWEN) Downgraded by StockNews.com to “Hold”

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

Several other equities analysts have also issued reports on the stock. HC Wainwright restated a buy rating and issued a $8.00 target price on shares of Broadwind in a report on Friday, May 17th. Roth Mkm boosted their target price on shares of 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 firm has a market cap of $65.62 million, a PE ratio of 7.74 and a beta of 1.44. The firm’s fifty day moving average is $3.54 and its 200-day moving average is $2.84. 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 52 week low of $2.01 and a 52 week high of $4.81.

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

Insider Activity

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

Institutional Investors Weigh In On Broadwind

Hedge funds and other institutional investors have recently made changes to their positions in the business. TSA Wealth Managment LLC bought a new stake in shares of Broadwind during the fourth quarter worth about $41,000. Lincoln Capital Corp bought a new stake in shares of Broadwind during the first quarter worth about $49,000. Ritholtz Wealth Management bought a new stake in shares of Broadwind during the second quarter worth about $83,000. Perritt Capital Management Inc. increased its position 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 worth $416,000 after acquiring an additional 40,000 shares in the last quarter. Finally, Essex Investment Management Co. LLC increased its position 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 worth $466,000 after acquiring an additional 49,173 shares in the last quarter. 33.27% of the stock is owned by institutional investors.

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.