O Shaughnessy Asset Management LLC Sells 31,032 Shares of Broadwind, Inc. (NASDAQ:BWEN)

O Shaughnessy Asset Management LLC trimmed its holdings in shares of Broadwind, Inc. (NASDAQ:BWEN) by 31.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,000 shares of the industrial products company’s stock after selling 31,032 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Broadwind were worth $130,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Geode Capital Management LLC increased its position in shares of Broadwind by 6.0% in the third quarter. Geode Capital Management LLC now owns 227,738 shares of the industrial products company’s stock worth $517,000 after purchasing an additional 12,936 shares during the last quarter. 33.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. HC Wainwright lowered their price objective on shares of Broadwind from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Industrial Alliance Securities set a $3.00 price target on Broadwind in a research report on Wednesday, March 5th. Finally, Craig Hallum reiterated a “buy” rating on shares of Broadwind in a report on Wednesday, March 5th.

Broadwind Stock Performance

Broadwind stock opened at $1.52 on Tuesday. The firm has a fifty day simple moving average of $1.55 and a two-hundred day simple moving average of $1.78. Broadwind, Inc. has a twelve month low of $1.41 and a twelve month high of $4.65. The company has a market capitalization of $33.93 million, a PE ratio of 10.86 and a beta of 1.58. The company has a quick ratio of 0.52, a current ratio of 1.50 and a debt-to-equity ratio of 0.16.

Broadwind (NASDAQ:BWEN) last released its earnings results on Wednesday, March 5th. The industrial products company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. Broadwind had a return on equity of 5.39% and a net margin of 2.01%. The company had revenue of $33.57 million during the quarter, compared to analyst estimates of $31.54 million. Research analysts expect that Broadwind, Inc. will post 0.01 EPS for the current year.

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.