Twin Disc (NASDAQ:TWIN) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Twin Disc (NASDAQ:TWIN) from a sell rating to a hold rating in a report issued on Saturday morning, Zacks.com reports.

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. “

Several other research analysts have also weighed in on TWIN. ValuEngine upgraded Twin Disc from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Robert W. Baird set a $14.00 price objective on Twin Disc and gave the stock a hold rating in a research report on Monday, August 12th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $17.33.

Shares of NASDAQ:TWIN traded down $0.51 during midday trading on Friday, hitting $10.77. The company had a trading volume of 7,443 shares, compared to its average volume of 37,722. The stock has a market cap of $145.46 million, a price-to-earnings ratio of 12.98 and a beta of 1.97. Twin Disc has a twelve month low of $9.60 and a twelve month high of $21.95. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.77 and a quick ratio of 1.05. The business’s 50-day simple moving average is $11.00 and its 200-day simple moving average is $13.61.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings data on Friday, August 9th. The industrial products company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.20). The business had revenue of $72.45 million during the quarter, compared to analysts’ expectations of $72.85 million. Twin Disc had a return on equity of 6.75% and a net margin of 4.07%. As a group, sell-side analysts forecast that Twin Disc will post 0.19 EPS for the current year.

A number of institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Twin Disc by 8.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 23,813 shares of the industrial products company’s stock worth $360,000 after buying an additional 1,948 shares during the period. Perritt Capital Management Inc. boosted its position in shares of Twin Disc by 4.3% during the second quarter. Perritt Capital Management Inc. now owns 48,900 shares of the industrial products company’s stock worth $738,000 after buying an additional 2,000 shares during the period. Northern Trust Corp boosted its position in shares of Twin Disc by 2.7% during the second quarter. Northern Trust Corp now owns 120,807 shares of the industrial products company’s stock worth $1,824,000 after buying an additional 3,179 shares during the period. Gabelli Funds LLC boosted its position in shares of Twin Disc by 1.4% during the second quarter. Gabelli Funds LLC now owns 409,700 shares of the industrial products company’s stock worth $6,186,000 after buying an additional 5,795 shares during the period. Finally, US Bancorp DE boosted its position in shares of Twin Disc by 31.6% during the second quarter. US Bancorp DE now owns 32,827 shares of the industrial products company’s stock worth $495,000 after buying an additional 7,889 shares during the period. Institutional investors own 56.36% of the company’s stock.

About Twin Disc

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. The company operates through two segments, Manufacturing and Distribution. Its products include marine transmissions, surface drives, propellers, and boat management systems; and power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.

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