Craig Hallum Lowers Broadwind (NASDAQ:BWEN) Price Target to $4.00

Broadwind (NASDAQ:BWEN) had its price objective lowered by Craig Hallum from $5.00 to $4.00 in a research report released on Wednesday morning, Benzinga reports. Craig Hallum currently has a buy rating on the industrial products company’s stock.

A number of other equities analysts have also issued reports on the stock. Roth Mkm increased their target price on shares of Broadwind from $3.50 to $4.00 and gave the company a buy rating in a research report on Wednesday, May 15th. HC Wainwright reiterated a buy rating and issued a $8.00 target price on shares of Broadwind in a research report on Wednesday. Finally, StockNews.com lowered shares of Broadwind from a buy rating to a hold rating in a research report on Thursday, August 8th.

Broadwind Stock Performance

Shares of BWEN opened at $2.23 on Wednesday. The firm has a 50-day moving average price of $3.25 and a 200 day moving average price of $2.84. The firm has a market capitalization of $48.47 million, a PE ratio of 5.72 and a beta of 1.44. The company has a quick ratio of 0.53, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Broadwind has a 52-week low of $2.01 and a 52-week high of $4.81.

Broadwind (NASDAQ:BWEN) last announced its earnings results on Tuesday, August 13th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $36.45 million during the quarter, compared to analyst estimates of $37.13 million. Broadwind had a net margin of 4.36% and a return on equity of 15.41%. During the same quarter in the prior year, the firm posted $0.07 EPS. On average, sell-side analysts anticipate that Broadwind will post 0.09 earnings per share for the current fiscal year.

Insider Activity

In other 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 transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. TSA Wealth Managment LLC acquired a new position in shares of Broadwind in the fourth quarter worth about $41,000. Lincoln Capital Corp acquired a new position in shares of Broadwind in the first quarter worth about $49,000. Ritholtz Wealth Management acquired a new position in shares of Broadwind in the second quarter worth about $83,000. Cubist Systematic Strategies LLC acquired a new position in shares of Broadwind in the second quarter worth about $84,000. Finally, American Century Companies Inc. boosted its holdings in shares of Broadwind by 181.0% in the second quarter. American Century Companies Inc. now owns 46,032 shares of the industrial products company’s stock worth $151,000 after buying an additional 29,653 shares during the period. 33.27% of the stock is currently 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.