HC Wainwright Cuts Broadwind (NASDAQ:BWEN) Price Target to $6.00

Broadwind (NASDAQ:BWEN) had its price target reduced by analysts at HC Wainwright from $8.00 to $6.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. HC Wainwright’s price objective points to a potential upside of 284.62% from the stock’s current price.

Broadwind Stock Performance

Broadwind stock opened at $1.56 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.52 and a current ratio of 1.50. The company has a market capitalization of $34.50 million, a PE ratio of 11.14 and a beta of 1.41. The company has a 50 day moving average price of $1.79 and a 200-day moving average price of $1.92. Broadwind has a fifty-two week low of $1.46 and a fifty-two week high of $4.65.

Broadwind (NASDAQ:BWEN) last issued its earnings results on Wednesday, March 5th. The industrial products company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. Broadwind had a return on equity of 5.39% and a net margin of 2.01%. As a group, equities analysts forecast that Broadwind will post 0.01 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC raised its holdings in shares of Broadwind by 11.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 90,387 shares of the industrial products company’s stock valued at $170,000 after purchasing an additional 9,176 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Broadwind by 6.0% during the third quarter. Geode Capital Management LLC now owns 227,738 shares of the industrial products company’s stock valued at $517,000 after purchasing an additional 12,936 shares in the last quarter. Empowered Funds LLC increased its holdings in Broadwind by 52.7% during the third quarter. Empowered Funds LLC now owns 81,211 shares of the industrial products company’s stock valued at $184,000 after buying an additional 28,021 shares during the period. Mariner LLC bought a new position in Broadwind in the fourth quarter worth approximately $56,000. Finally, GSA Capital Partners LLP lifted its holdings in Broadwind by 26.9% during the third quarter. GSA Capital Partners LLP now owns 150,079 shares of the industrial products company’s stock worth $341,000 after buying an additional 31,792 shares during the period. 33.27% of the stock is currently owned by institutional investors.

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.