Grace & White Inc. NY Increases Holdings in Broadwind, Inc. (NASDAQ:BWEN)

Grace & White Inc. NY lifted its holdings in Broadwind, Inc. (NASDAQ:BWEN) by 6.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,715,255 shares of the industrial products company’s stock after purchasing an additional 98,665 shares during the quarter. Grace & White Inc. NY owned 7.89% of Broadwind worth $3,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Lincoln Capital Corp purchased a new position in shares of Broadwind in the first quarter worth $49,000. Ritholtz Wealth Management purchased a new position in shares of Broadwind in the second quarter worth $83,000. Cubist Systematic Strategies LLC bought a new stake in shares of Broadwind in the second quarter worth $84,000. American Century Companies Inc. grew 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 acquiring an additional 29,653 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Broadwind in the second quarter worth $159,000. Hedge funds and other institutional investors own 33.27% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Roth Mkm cut their price objective on Broadwind from $4.00 to $3.50 and set a “buy” rating for the company in a report on Wednesday, August 14th. HC Wainwright reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Broadwind in a report on Wednesday, August 14th. StockNews.com lowered Broadwind from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Craig Hallum cut their price objective on Broadwind from $5.00 to $4.00 and set a “buy” rating for the company in a report on Wednesday, August 14th.

Broadwind Stock Performance

NASDAQ:BWEN opened at $2.08 on Tuesday. The stock has a 50-day simple moving average of $2.17 and a two-hundred day simple moving average of $2.76. Broadwind, Inc. has a 52-week low of $2.01 and a 52-week high of $4.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.52 and a current ratio of 1.51. The firm has a market capitalization of $45.21 million, a PE ratio of 5.33 and a beta of 1.41.

Broadwind (NASDAQ:BWEN) last announced its quarterly earnings data on Tuesday, August 13th. The industrial products company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. Broadwind had a return on equity of 13.11% and a net margin of 4.19%. The business had revenue of $36.45 million for the quarter, compared to the consensus estimate of $37.13 million. During the same period in the previous year, the business earned $0.07 earnings per share. Analysts forecast that Broadwind, Inc. will post 0.01 EPS for the current year.

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.