Dimensional Fund Advisors LP Boosts Stock Holdings in Broadwind, Inc. (NASDAQ:BWEN)

Dimensional Fund Advisors LP grew its position in shares of Broadwind, Inc. (NASDAQ:BWEN) by 12.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 329,592 shares of the industrial products company’s stock after purchasing an additional 35,182 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.52% of Broadwind worth $1,081,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Lincoln Capital Corp purchased a new stake in Broadwind in the 1st quarter worth $49,000. Ritholtz Wealth Management purchased a new stake in shares of Broadwind during the second quarter worth $83,000. American Century Companies Inc. grew its holdings in shares of Broadwind by 181.0% during the second quarter. American Century Companies Inc. now owns 46,032 shares of the industrial products company’s stock worth $151,000 after buying an additional 29,653 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Broadwind during the second quarter worth $423,000. Finally, Essex Investment Management Co. LLC grew its holdings in shares of Broadwind by 33.5% during the first quarter. Essex Investment Management Co. LLC now owns 195,859 shares of the industrial products company’s stock worth $466,000 after buying an additional 49,173 shares in the last quarter. 33.27% of the stock is owned by hedge funds and other institutional investors.

Broadwind Stock Down 0.5 %

Shares of NASDAQ:BWEN opened at $2.17 on Friday. The firm’s 50 day moving average price is $2.24 and its 200 day moving average price is $2.77. The stock has a market cap of $47.16 million, a price-to-earnings ratio of 5.56 and a beta of 1.41. Broadwind, Inc. has a fifty-two week low of $2.01 and a fifty-two week high of $4.65. The company has a quick ratio of 0.52, a current ratio of 1.51 and a debt-to-equity ratio of 0.16.

Broadwind (NASDAQ:BWEN) last released its quarterly earnings data on Tuesday, August 13th. The industrial products company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Broadwind had a net margin of 4.19% and a return on equity of 13.11%. The company had revenue of $36.45 million for the quarter, compared to analysts’ expectations of $37.13 million. During the same quarter last year, the company earned $0.07 earnings per share. As a group, equities research analysts predict that Broadwind, Inc. will post 0.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Roth Mkm dropped their price objective on shares of Broadwind from $4.00 to $3.50 and set a “buy” rating for the company in a report on Wednesday, August 14th. Craig Hallum lowered their target price on shares of Broadwind from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. HC Wainwright reaffirmed a “buy” rating and set a $8.00 target price on shares of Broadwind in a research note on Wednesday, August 14th. Finally, StockNews.com lowered shares of Broadwind from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th.

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.