Broadwind (NASDAQ:BWEN) Receives Buy Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Broadwind (NASDAQ:BWEN) in a research report released on Wednesday, Benzinga reports. The firm currently has a $8.00 target price on the industrial products company’s stock. HC Wainwright also issued estimates for Broadwind’s FY2025 earnings at $0.54 EPS.

A number of other brokerages have also issued reports on BWEN. StockNews.com lowered Broadwind from a buy rating to a hold rating in a research report on Thursday, August 8th. Roth Mkm boosted their price target on Broadwind from $3.50 to $4.00 and gave the stock a buy rating in a research report on Wednesday, May 15th.

Broadwind Price Performance

Shares of BWEN opened at $2.14 on Wednesday. The company has a market cap of $46.51 million, a P/E ratio of 5.49 and a beta of 1.44. The stock has a fifty day moving average price of $3.32 and a 200 day moving average price of $2.85. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 0.53. Broadwind has a 12 month low of $2.01 and a 12 month high of $4.81.

Broadwind (NASDAQ:BWEN) last announced its quarterly earnings results on Tuesday, August 13th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Broadwind had a return on equity of 15.41% and a net margin of 4.36%. The company had revenue of $36.45 million during the quarter, compared to analyst estimates of $37.13 million. During the same quarter in the previous year, the firm posted $0.07 EPS. On average, research analysts forecast 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 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 in the company, valued at $664,523.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.70% of the company’s stock.

Institutional Trading of Broadwind

Several institutional investors have recently modified their holdings of BWEN. Grace & White Inc. NY lifted its holdings in shares of 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 valued at $4,450,000 after buying an additional 324,226 shares during the period. TSA Wealth Managment LLC acquired a new stake in shares of Broadwind during the fourth quarter worth $41,000. Perritt Capital Management Inc. raised 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 purchasing an additional 40,000 shares during the period. Lincoln Capital Corp acquired a new stake in shares of Broadwind during the first quarter worth $49,000. Finally, Essex Investment Management Co. LLC raised 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 purchasing an additional 49,173 shares during the period. Institutional investors and hedge funds 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.