Robert W. Baird Reaffirms “Hold” Rating for Twin Disc (TWIN)

Twin Disc (NASDAQ:TWIN)‘s stock had its “hold” rating reiterated by equities researchers at Robert W. Baird in a research report issued to clients and investors on Friday.

TWIN has been the subject of several other research reports. Zacks Investment Research cut Twin Disc from a “strong-buy” rating to a “hold” rating in a research report on Saturday, December 30th. BidaskClub cut Twin Disc from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Four equities research analysts have rated the stock with a hold rating, Twin Disc has a consensus rating of “Hold” and an average target price of $25.67.

Shares of Twin Disc (NASDAQ TWIN) opened at $31.03 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.42 and a current ratio of 3.12. Twin Disc has a 1 year low of $14.81 and a 1 year high of $31.95. The stock has a market capitalization of $341.73 and a PE ratio of -1,033.99.

Twin Disc (NASDAQ:TWIN) last released its earnings results on Friday, February 2nd. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.05. Twin Disc had a positive return on equity of 0.27% and a negative net margin of 0.12%. The firm had revenue of $56.55 million during the quarter, compared to analysts’ expectations of $51.50 million. During the same quarter last year, the business posted ($0.26) earnings per share. The firm’s revenue was up 68.0% on a year-over-year basis. analysts forecast that Twin Disc will post 0.58 EPS for the current fiscal year.

In other Twin Disc news, CFO Jeffrey Scott Knutson sold 1,750 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $28.21, for a total transaction of $49,367.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Denise Wilcox sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $27.25, for a total value of $136,250.00. Following the transaction, the vice president now owns 33,513 shares of the company’s stock, valued at approximately $913,229.25. The disclosure for this sale can be found here. Insiders have sold a total of 11,250 shares of company stock valued at $304,988 in the last 90 days. 27.50% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TWIN. Schwab Charles Investment Management Inc. grew its holdings in Twin Disc by 82.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 32,600 shares of the industrial products company’s stock valued at $527,000 after buying an additional 14,700 shares in the last quarter. Rhumbline Advisers purchased a new position in Twin Disc during the 2nd quarter valued at approximately $163,000. Bank of New York Mellon Corp grew its holdings in Twin Disc by 54.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 68,968 shares of the industrial products company’s stock valued at $1,113,000 after buying an additional 24,201 shares in the last quarter. Teachers Advisors LLC purchased a new position in Twin Disc during the 2nd quarter valued at approximately $273,000. Finally, TIAA CREF Investment Management LLC purchased a new position in Twin Disc during the 2nd quarter valued at approximately $382,000. Institutional investors and hedge funds own 52.48% of the company’s stock.

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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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