Broadwind Energy, Inc. (BWEN) Director Purchases $16,577.12 in Stock
Broadwind Energy, Inc. (NASDAQ:BWEN) Director David P. Reiland purchased 4,592 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was bought at an average price of $3.61 per share, with a total value of $16,577.12. Following the completion of the purchase, the director now owns 47,975 shares of the company’s stock, valued at $173,189.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Broadwind Energy, Inc. (NASDAQ BWEN) traded down 3.05% on Wednesday, hitting $3.50. The stock had a trading volume of 77,143 shares. The company has a market capitalization of $52.63 million, a price-to-earnings ratio of 7.95 and a beta of 1.53. The company has a 50-day moving average of $4.62 and a 200 day moving average of $5.66. Broadwind Energy, Inc. has a 52 week low of $3.50 and a 52 week high of $9.80.
Broadwind Energy (NASDAQ:BWEN) last announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). Broadwind Energy had a return on equity of 3.27% and a net margin of 3.53%. The business had revenue of $43.40 million during the quarter, compared to analyst estimates of $43.17 million. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities research analysts predict that Broadwind Energy, Inc. will post $0.28 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Broadwind Energy by 186.3% in the second quarter. JPMorgan Chase & Co. now owns 21,038 shares of the industrial products company’s stock valued at $106,000 after buying an additional 13,691 shares during the period. Bank of New York Mellon Corp raised its position in Broadwind Energy by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 59,647 shares of the industrial products company’s stock worth $301,000 after buying an additional 1,004 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in Broadwind Energy during the second quarter worth approximately $303,000. Russell Investments Group Ltd. bought a new position in Broadwind Energy during the second quarter worth approximately $226,000. Finally, Goldman Sachs Group Inc. raised its position in Broadwind Energy by 27.9% in the first quarter. Goldman Sachs Group Inc. now owns 116,684 shares of the industrial products company’s stock worth $972,000 after buying an additional 25,466 shares during the last quarter. 59.59% of the stock is owned by institutional investors and hedge funds.
A number of research firms have weighed in on BWEN. Cowen and Company restated an “outperform” rating and issued a $8.00 price target (down from $9.00) on shares of Broadwind Energy in a research note on Wednesday, August 2nd. Roth Capital set a $5.00 target price on Broadwind Energy and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, ValuEngine downgraded Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 3rd. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $6.58.
About Broadwind Energy
Broadwind Energy, Inc provides technologically advanced products and services to energy, mining and infrastructure sector customers, primarily in the United States. The Company is engaged primarily in United States wind energy industry. The Company operates through two segments: Towers and Weldments, and Gearing.
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