Bank of New York Mellon Corp lifted its stake in shares of Broadwind Energy, Inc. (NASDAQ:BWEN) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,647 shares of the industrial products company’s stock after acquiring an additional 1,004 shares during the quarter. Bank of New York Mellon Corp owned 0.40% of Broadwind Energy worth $301,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KCG Holdings Inc. acquired a new stake in shares of Broadwind Energy in the first quarter worth $154,000. Goldman Sachs Group Inc. boosted its position in shares of 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 period. Russell Investments Group Ltd. acquired a new stake in shares of Broadwind Energy in the second quarter worth $226,000. Dimensional Fund Advisors LP boosted its position in shares of Broadwind Energy by 110.3% in the first quarter. Dimensional Fund Advisors LP now owns 109,657 shares of the industrial products company’s stock worth $913,000 after buying an additional 57,522 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of Broadwind Energy in the second quarter worth $303,000. 54.15% of the stock is owned by institutional investors and hedge funds.
Shares of Broadwind Energy, Inc. (NASDAQ BWEN) opened at $2.67 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.99 and a quick ratio of 0.56.
Broadwind Energy (NASDAQ:BWEN) last announced its earnings results on Tuesday, October 31st. The industrial products company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.02. Broadwind Energy had a negative return on equity of 1.31% and a net margin of 2.05%. The firm had revenue of $29.60 million for the quarter, compared to analyst estimates of $29.84 million. During the same quarter last year, the firm posted $0.08 EPS. The business’s revenue was down 30.4% on a year-over-year basis. research analysts expect that Broadwind Energy, Inc. will post -0.07 EPS for the current year.
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Several analysts have recently commented on BWEN shares. Cowen and Company set a $9.00 target price on Broadwind Energy and gave the stock a “buy” rating in a research report on Tuesday, July 11th. Roth Capital set a $5.00 target price on Broadwind Energy and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised Broadwind Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, ValuEngine cut Broadwind Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating and two have given a buy rating to the stock. Broadwind Energy currently has an average rating of “Hold” and a consensus price target of $6.50.
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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