Broadwind (NASDAQ:BWEN) PT Raised to $4.00 at Roth Mkm

Broadwind (NASDAQ:BWEN) had its price objective boosted by Roth Mkm from $3.50 to $4.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Roth Mkm’s target price would suggest a potential upside of 47.06% from the company’s current price.

A number of other research analysts have also recently weighed in on BWEN. Craig Hallum dropped their price target on Broadwind from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. HC Wainwright restated a “buy” rating and set a $8.00 target price on shares of Broadwind in a report on Wednesday, March 6th.

Broadwind Price Performance

Broadwind stock opened at $2.72 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.60 and a current ratio of 1.30. Broadwind has a one year low of $2.01 and a one year high of $4.81. The company has a market cap of $58.94 million, a P/E ratio of 7.56 and a beta of 1.34. The business has a fifty day moving average of $2.31 and a two-hundred day moving average of $2.42.

Broadwind (NASDAQ:BWEN) last released its quarterly earnings data on Tuesday, May 14th. The industrial products company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.13. Broadwind had a net margin of 3.76% and a return on equity of 16.15%. The firm had revenue of $37.62 million for the quarter, compared to the consensus estimate of $34.13 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. As a group, analysts predict that Broadwind will post -0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Broadwind

Hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. increased its stake in Broadwind by 7.2% in the first quarter. Russell Investments Group Ltd. now owns 360,365 shares of the industrial products company’s stock valued at $858,000 after purchasing an additional 24,119 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in shares of Broadwind by 33.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 195,859 shares of the industrial products company’s stock valued at $466,000 after acquiring an additional 49,173 shares during the last quarter. Lincoln Capital Corp purchased a new position in shares of Broadwind during the 1st quarter worth about $49,000. Perritt Capital Management Inc. boosted its position in shares of Broadwind by 36.4% in the fourth quarter. Perritt Capital Management Inc. now owns 150,000 shares of the industrial products company’s stock worth $416,000 after acquiring an additional 40,000 shares during the last quarter. Finally, TSA Wealth Managment LLC acquired a new stake in shares of Broadwind in the fourth quarter worth approximately $41,000. 33.27% of the stock is 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.