Insider Buying: Broadwind, Inc. (NASDAQ:BWEN) Director Acquires 10,000 Shares of Stock

Broadwind, Inc. (NASDAQ:BWEN) Director Sachin M. Shivaram bought 10,000 shares of Broadwind stock in a transaction that occurred on Thursday, November 16th. The shares were acquired at an average price of $2.18 per share, with a total value of $21,800.00. Following the acquisition, the director now directly owns 64,512 shares of the company’s stock, valued at approximately $140,636.16. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Broadwind Stock Performance

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

Broadwind (NASDAQ:BWEN) last announced its quarterly earnings results on Monday, November 13th. The industrial products company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. The firm had revenue of $57.16 million during the quarter, compared to analysts’ expectations 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 company posted ($0.09) earnings per share. Analysts predict that Broadwind, Inc. will post 0.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on BWEN shares. Roth Mkm restated a “buy” rating and set a $6.00 target price on shares of Broadwind in a report on Wednesday, August 16th. HC Wainwright reduced their target price on shares of Broadwind from $12.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, November 14th. Finally, StockNews.com cut shares of Broadwind from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Broadwind presently has an average rating of “Moderate Buy” and an average price target of $7.67.

Hedge Funds Weigh In On Broadwind

Several large investors have recently modified their holdings of BWEN. US Bancorp DE raised its position in shares of Broadwind by 16.5% in the first quarter. US Bancorp DE now owns 141,220 shares of the industrial products company’s stock valued at $306,000 after purchasing an additional 20,000 shares during the period. Jane Street Group LLC bought a new position in shares of Broadwind in the first quarter valued at about $31,000. Virtu Financial LLC bought a new position in shares of Broadwind in the second quarter valued at about $38,000. Millennium Management LLC bought a new position in shares of Broadwind in the second quarter valued at about $46,000. Finally, Renaissance Technologies LLC bought a new position in shares of Broadwind in the third quarter valued at about $345,000. 31.95% of the stock is 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.