Broadwind, Inc. (NASDAQ:BWEN) Director Purchases $21,800.00 in Stock

Broadwind, Inc. (NASDAQ:BWEN) Director Sachin M. Shivaram purchased 10,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were acquired at an average price of $2.18 per share, for a total transaction of $21,800.00. Following the acquisition, the director now directly owns 64,512 shares in the company, valued at approximately $140,636.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Broadwind Stock Performance

BWEN traded down $0.17 during trading on Monday, hitting $2.19. The stock had a trading volume of 296,926 shares, compared to its average volume of 547,723. The firm has a market cap of $46.91 million, a PE ratio of 12.88 and a beta of 1.57. Broadwind, Inc. has a 12 month low of $1.61 and a 12 month high of $6.10. The company has a current ratio of 1.18, a quick ratio of 0.53 and a debt-to-equity ratio of 0.19. The company has a 50 day simple moving average of $3.03 and a 200-day simple moving average of $3.65.

Broadwind (NASDAQ:BWEN) last announced its earnings results on Monday, November 13th. The industrial products company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.11 by $0.09. The firm had revenue of $57.16 million for the quarter, compared to the consensus estimate of $58.64 million. Broadwind had a net margin of 1.89% and a return on equity of 9.00%. During the same quarter last year, the firm posted ($0.09) EPS. Analysts expect that Broadwind, Inc. will post 0.38 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BWEN. Jane Street Group LLC bought a new position in shares of Broadwind during the 1st quarter worth about $31,000. Jump Financial LLC bought a new position in shares of Broadwind during the 1st quarter worth about $38,000. Algert Global LLC bought a new position in shares of Broadwind during the 3rd quarter worth about $38,000. Virtu Financial LLC bought a new position in shares of Broadwind during the 2nd quarter worth about $38,000. Finally, Acadian Asset Management LLC bought a new position in shares of Broadwind during the 1st quarter worth about $46,000. Institutional investors own 31.95% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BWEN. HC Wainwright cut their price target on shares of Broadwind from $12.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, November 14th. Roth Mkm reiterated a “buy” rating and issued a $6.00 target price on shares of Broadwind in a report on Wednesday, August 16th. Finally, StockNews.com downgraded shares of Broadwind from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.67.

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.