Twin Disc (NASDAQ:TWIN) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of Twin Disc (NASDAQ:TWIN) from a sell rating to a hold rating in a research report report published on Thursday, ValuEngine reports.

Other equities research analysts also recently issued reports about the stock. TheStreet downgraded shares of Twin Disc from a b- rating to a c+ rating in a research note on Tuesday, June 11th. Zacks Investment Research downgraded shares of Twin Disc from a hold rating to a strong sell rating in a research note on Saturday, August 3rd. Robert W. Baird set a $14.00 price target on shares of Twin Disc and gave the company a hold rating in a research note on Monday. Finally, BidaskClub downgraded shares of Twin Disc from a buy rating to a hold rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Twin Disc presently has a consensus rating of Hold and a consensus price target of $17.33.

TWIN stock traded down $0.18 during midday trading on Thursday, hitting $9.79. The stock had a trading volume of 1,037 shares, compared to its average volume of 47,358. The firm has a market cap of $141.33 million, a P/E ratio of 12.02 and a beta of 2.00. The company has a current ratio of 3.00, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. Twin Disc has a 1-year low of $9.72 and a 1-year high of $26.94. The business has a fifty day moving average price of $13.08 and a two-hundred day moving average price of $15.38.

Twin Disc (NASDAQ:TWIN) last released its earnings results on Friday, August 9th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.20). Twin Disc had a net margin of 4.07% and a return on equity of 6.76%. The firm had revenue of $72.45 million during the quarter, compared to analyst estimates of $72.85 million. On average, equities analysts anticipate that Twin Disc will post 0.19 EPS for the current year.

Several large investors have recently bought and sold shares of TWIN. Pacific Ridge Capital Partners LLC increased its position in shares of Twin Disc by 26.4% during the first quarter. Pacific Ridge Capital Partners LLC now owns 367,584 shares of the industrial products company’s stock worth $6,120,000 after acquiring an additional 76,860 shares in the last quarter. BlackRock Inc. increased its position in shares of Twin Disc by 8.5% during the fourth quarter. BlackRock Inc. now owns 654,602 shares of the industrial products company’s stock worth $9,657,000 after acquiring an additional 51,146 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Twin Disc by 115.9% during the first quarter. California Public Employees Retirement System now owns 92,946 shares of the industrial products company’s stock worth $1,548,000 after acquiring an additional 49,900 shares in the last quarter. Teton Advisors Inc. increased its position in shares of Twin Disc by 9.5% during the second quarter. Teton Advisors Inc. now owns 528,554 shares of the industrial products company’s stock worth $7,981,000 after acquiring an additional 46,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Twin Disc by 6.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 651,878 shares of the industrial products company’s stock worth $9,615,000 after acquiring an additional 36,891 shares in the last quarter. 57.05% of the stock is owned by institutional investors.

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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