Broadwind Energy (NASDAQ:BWEN) Releases Earnings Results, Misses Estimates By $0.02 EPS

Broadwind Energy (NASDAQ:BWEN) announced its quarterly earnings results on Tuesday. The industrial products company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02), FiscalAI reports. Broadwind Energy had a negative return on equity of 2.05% and a net margin of 3.30%.The company had revenue of $24.30 million for the quarter, compared to analyst estimates of $34.97 million.

Broadwind Energy Stock Performance

Broadwind Energy stock traded up $0.26 during trading hours on Tuesday, reaching $4.72. 1,238,262 shares of the stock were exchanged, compared to its average volume of 562,387. Broadwind Energy has a 52-week low of $1.88 and a 52-week high of $5.55. The stock has a market cap of $110.54 million, a P/E ratio of 21.50 and a beta of 1.78. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 1.92. The firm’s 50 day moving average is $4.49 and its 200 day moving average is $3.30.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BWEN. Geode Capital Management LLC raised its holdings in Broadwind Energy by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 239,946 shares of the industrial products company’s stock worth $679,000 after purchasing an additional 4,332 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of Broadwind Energy by 5.0% during the 2nd quarter. Bridgeway Capital Management LLC now owns 102,221 shares of the industrial products company’s stock worth $185,000 after buying an additional 4,903 shares in the last quarter. Mariner LLC raised its stake in shares of Broadwind Energy by 17.1% during the 4th quarter. Mariner LLC now owns 36,120 shares of the industrial products company’s stock worth $102,000 after buying an additional 5,268 shares in the last quarter. State Street Corp lifted its holdings in shares of Broadwind Energy by 7.8% in the 4th quarter. State Street Corp now owns 80,265 shares of the industrial products company’s stock valued at $227,000 after buying an additional 5,800 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Broadwind Energy by 4.7% in the third quarter. Dimensional Fund Advisors LP now owns 226,011 shares of the industrial products company’s stock valued at $475,000 after buying an additional 10,142 shares in the last quarter. 33.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BWEN shares. Weiss Ratings raised Broadwind Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 1st. Wall Street Zen lowered Broadwind Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.00.

Broadwind Energy Company Profile

Broadwind Energy, Inc (NASDAQ: BWEN) is an engineering and manufacturing company focused on the design, production and service of heavy industrial equipment for energy infrastructure and related markets. The company’s offerings include custom-engineered gearboxes, couplings, hydrodynamic drives and utility-scale wind turbine towers. In addition to new equipment, Broadwind Energy provides aftermarket repair, refurbishment and testing services to support the long-term operation of energy and industrial assets.

The company operates through two principal segments.