Broadwind’s (BWEN) Buy Rating Reiterated at HC Wainwright

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

Several other analysts also recently issued reports on BWEN. Roth Mkm lifted 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. StockNews.com downgraded Broadwind from a buy rating to a hold rating in a research note on Thursday, August 8th.

Broadwind Stock Performance

Shares of Broadwind stock opened at $2.14 on Wednesday. The company has a market capitalization of $46.51 million, a PE ratio of 5.49 and a beta of 1.44. Broadwind has a 12 month low of $2.01 and a 12 month high of $4.81. 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 stock’s fifty day simple moving average is $3.32 and its 200 day simple moving average is $2.85.

Broadwind (NASDAQ:BWEN) last issued its quarterly earnings data on Tuesday, August 13th. The industrial products company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $36.45 million for the quarter, compared to the consensus estimate of $37.13 million. Broadwind had a return on equity of 15.41% and a net margin of 4.36%. During the same quarter last year, the business posted $0.07 EPS. On average, research analysts predict that Broadwind will post 0.09 EPS for the current year.

Insider Buying and Selling 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 owns 146,694 shares in the company, valued at approximately $664,523.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Broadwind

Hedge funds and other institutional investors have recently bought and sold shares of the business. TSA Wealth Managment LLC bought a new position in Broadwind during the fourth quarter worth about $41,000. Lincoln Capital Corp bought a new position in 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 approximately $83,000. Cubist Systematic Strategies LLC bought a new stake in shares of Broadwind during the second quarter worth approximately $84,000. Finally, American Century Companies Inc. boosted its holdings in shares of Broadwind by 181.0% during the second quarter. American Century Companies Inc. now owns 46,032 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 29,653 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.