Empowered Funds LLC Increases Stock Holdings in Broadwind, Inc. (NASDAQ:BWEN)

Empowered Funds LLC grew its holdings in Broadwind, Inc. (NASDAQ:BWEN) by 52.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 81,211 shares of the industrial products company’s stock after buying an additional 28,021 shares during the period. Empowered Funds LLC’s holdings in Broadwind were worth $184,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BWEN. Lincoln Capital Corp grew its stake in Broadwind by 61.7% during the 3rd quarter. Lincoln Capital Corp now owns 23,437 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 8,947 shares during the last quarter. Grace & White Inc. NY increased its holdings in Broadwind by 0.6% in the 2nd quarter. Grace & White Inc. NY now owns 1,616,590 shares of the industrial products company’s stock worth $5,302,000 after buying an additional 10,000 shares during the period. Russell Investments Group Ltd. raised its position in Broadwind by 7.2% during the 1st quarter. Russell Investments Group Ltd. now owns 360,365 shares of the industrial products company’s stock worth $858,000 after buying an additional 24,119 shares during the last quarter. Ritholtz Wealth Management purchased a new position in Broadwind during the 2nd quarter worth approximately $83,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Broadwind during the 2nd quarter valued at approximately $84,000. Hedge funds and other institutional investors own 33.27% of the company’s stock.

Analyst Upgrades and Downgrades

BWEN has been the subject of several recent research reports. StockNews.com cut Broadwind from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. HC Wainwright reaffirmed a “buy” rating and set a $8.00 target price on shares of Broadwind in a report on Wednesday, August 14th. Craig Hallum lowered their price target on shares of Broadwind from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Finally, Roth Mkm dropped their price target on shares of Broadwind from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Wednesday, August 14th.

Broadwind Stock Performance

NASDAQ BWEN opened at $1.80 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 0.52. The company has a market cap of $39.81 million, a P/E ratio of 12.64 and a beta of 1.44. The stock has a 50-day moving average of $1.99 and a two-hundred day moving average of $2.69. Broadwind, Inc. has a 1-year low of $1.52 and a 1-year high of $4.65.

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.