Broadwind, Inc. (NASDAQ:BWEN) Stock Position Increased by Grace & White Inc. NY

Grace & White Inc. NY lifted its position in Broadwind, Inc. (NASDAQ:BWEN) by 25.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,606,590 shares of the industrial products company’s stock after buying an additional 324,226 shares during the quarter. Grace & White Inc. NY owned approximately 0.08% of Broadwind worth $4,450,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BWEN. Boston Partners grew its holdings in shares of Broadwind by 17.6% in the 3rd quarter. Boston Partners now owns 132,533 shares of the industrial products company’s stock worth $424,000 after acquiring an additional 19,816 shares during the last quarter. Perritt Capital Management Inc. grew its holdings in shares of Broadwind by 175.0% in the 3rd quarter. Perritt Capital Management Inc. now owns 110,000 shares of the industrial products company’s stock worth $352,000 after acquiring an additional 70,000 shares during the last quarter. Finally, Quadrature Capital Ltd grew its holdings in shares of Broadwind by 68.9% in the 3rd quarter. Quadrature Capital Ltd now owns 47,916 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 19,550 shares during the last quarter. Institutional investors own 33.27% of the company’s stock.

Broadwind Stock Down 1.4 %

Shares of NASDAQ:BWEN traded down $0.03 on Tuesday, reaching $2.15. The company had a trading volume of 98,761 shares, compared to its average volume of 87,071. Broadwind, Inc. has a twelve month low of $2.01 and a twelve month high of $5.23. The stock has a 50-day moving average price of $2.41 and a 200 day moving average price of $2.51. The stock has a market capitalization of $46.59 million, a P/E ratio of 5.97 and a beta of 1.33. The company has a quick ratio of 0.60, a current ratio of 1.30 and a debt-to-equity ratio of 0.17.

Broadwind (NASDAQ:BWEN) last announced its quarterly earnings results on Tuesday, March 5th. The industrial products company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Broadwind had a return on equity of 16.15% and a net margin of 3.76%. The company had revenue of $46.60 million during the quarter, compared to analysts’ expectations of $50.34 million. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. On average, equities analysts expect that Broadwind, Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Craig Hallum decreased their target price on Broadwind from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Wednesday, March 6th. HC Wainwright reiterated a “buy” rating and set a $8.00 price target on shares of Broadwind in a report on Wednesday, March 6th. Finally, Roth Mkm lowered their price target on Broadwind from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Wednesday, March 6th.

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.