Twin Disc, Incorporated (NASDAQ:TWIN) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday. The firm presently has a $25.00 target price on the industrial products company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 17.10% from the stock’s previous close.
According to Zacks, “TWIN DISC, INC. designs, manufactures and sells heavy duty off-highway power transmission equipment. Products offered include: hydraulic torque converters; power-shift transmissions; marine transmissions and surface drives; universal joints; gas turbine starting drives; power take-offs and reduction gears; industrial clutches; fluid couplings and control systems. Principal markets are: construction equipment, industrial equipment, government, marine, energy and natural resources and agriculture. “
Separately, TheStreet upgraded Twin Disc, from a “d+” rating to a “c-” rating in a research note on Monday, August 28th.
Twin Disc, (NASDAQ:TWIN) last issued its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.29 earnings per share for the quarter. The company had revenue of $45.06 million for the quarter, compared to the consensus estimate of $45.90 million. Twin Disc, had a negative net margin of 0.12% and a positive return on equity of 0.28%. The firm’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.24) EPS.
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Institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors raised its stake in Twin Disc, by 229.5% in the 2nd quarter. Nationwide Fund Advisors now owns 6,590 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 4,590 shares during the period. New York State Common Retirement Fund bought a new stake in Twin Disc, in the 2nd quarter valued at about $147,000. Rhumbline Advisers bought a new stake in Twin Disc, in the 2nd quarter valued at about $163,000. Advisor Group Inc. raised its stake in Twin Disc, by 3.4% in the 2nd quarter. Advisor Group Inc. now owns 14,650 shares of the industrial products company’s stock valued at $236,000 after acquiring an additional 479 shares during the period. Finally, California State Teachers Retirement System bought a new stake in Twin Disc, in the 2nd quarter valued at about $244,000. Institutional investors and hedge funds own 48.93% of the company’s stock.
About Twin Disc,
Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates through two segments: manufacturing and distribution. Its products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems.
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