Empowered Funds LLC Acquires 28,021 Shares of Broadwind, Inc. (NASDAQ:BWEN)

Empowered Funds LLC lifted its holdings in shares of Broadwind, Inc. (NASDAQ:BWEN) by 52.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 81,211 shares of the industrial products company’s stock after purchasing an additional 28,021 shares during the period. Empowered Funds LLC owned about 0.37% of Broadwind worth $184,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Grace & White Inc. NY boosted its position in Broadwind by 6.1% during the 3rd quarter. Grace & White Inc. NY now owns 1,715,255 shares of the industrial products company’s stock valued at $3,894,000 after buying an additional 98,665 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Broadwind by 7.2% in the first quarter. Russell Investments Group Ltd. now owns 360,365 shares of the industrial products company’s stock worth $858,000 after purchasing an additional 24,119 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Broadwind by 12.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 329,592 shares of the industrial products company’s stock valued at $1,081,000 after purchasing an additional 35,182 shares during the period. Mather Group LLC. bought a new position in Broadwind during the 2nd quarter valued at approximately $495,000. Finally, GSA Capital Partners LLP lifted its holdings in Broadwind by 26.9% in the 3rd quarter. GSA Capital Partners LLP now owns 150,079 shares of the industrial products company’s stock worth $341,000 after buying an additional 31,792 shares during the period. Hedge funds and other institutional investors own 33.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BWEN. HC Wainwright reissued a “buy” rating and set a $8.00 price objective on shares of Broadwind in a research report on Wednesday, August 14th. StockNews.com lowered shares of Broadwind from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Craig Hallum reduced their target price on 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 lowered their target price on Broadwind from $4.00 to $3.50 and set a “buy” rating for the company in a research note on Wednesday, August 14th.

Broadwind Stock Performance

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

Broadwind 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.