Twin Disc (NASDAQ:TWIN) Cut to Hold at Wall Street Zen

Twin Disc (NASDAQ:TWIN) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

A number of other research analysts also recently issued reports on TWIN. Weiss Ratings reiterated a “sell (d+)” rating on shares of Twin Disc in a report on Wednesday, October 8th. Zacks Research raised Twin Disc to a “hold” rating in a report on Tuesday, December 9th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.00.

Twin Disc Trading Up 4.3%

TWIN stock opened at $19.19 on Monday. Twin Disc has a fifty-two week low of $6.16 and a fifty-two week high of $19.33. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.79 and a current ratio of 2.08. The firm has a fifty day moving average price of $16.14 and a 200 day moving average price of $13.57. The firm has a market cap of $276.14 million, a PE ratio of 959.50 and a beta of 0.67.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings results on Wednesday, November 5th. The industrial products company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.06). Twin Disc had a net margin of 0.10% and a return on equity of 0.23%. The firm had revenue of $80.00 million for the quarter, compared to the consensus estimate of $98.60 million.

Institutional Investors Weigh In On Twin Disc

A number of large investors have recently modified their holdings of the company. Gamco Investors INC. ET AL lifted its stake in Twin Disc by 3.5% during the second quarter. Gamco Investors INC. ET AL now owns 1,732,799 shares of the industrial products company’s stock worth $15,301,000 after purchasing an additional 59,000 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Twin Disc by 0.9% in the third quarter. Vanguard Group Inc. now owns 576,549 shares of the industrial products company’s stock valued at $8,037,000 after buying an additional 5,407 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Twin Disc by 1,928.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 439,241 shares of the industrial products company’s stock valued at $3,878,000 after buying an additional 417,590 shares in the last quarter. Gabelli Funds LLC raised its position in shares of Twin Disc by 0.9% in the third quarter. Gabelli Funds LLC now owns 391,024 shares of the industrial products company’s stock valued at $5,451,000 after buying an additional 3,500 shares during the last quarter. Finally, Mink Brook Asset Management LLC increased its stake in shares of Twin Disc by 385.8% during the 3rd quarter. Mink Brook Asset Management LLC now owns 298,520 shares of the industrial products company’s stock valued at $4,161,000 after acquiring an additional 237,073 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Twin Disc Company Profile

Twin Disc, Inc (NASDAQ: TWIN) is a global designer and manufacturer of power transmission equipment for marine and industrial applications. Headquartered in Racine, Wisconsin, the company develops a range of mechanical and digital solutions that control power delivery in demanding environments. Its portfolio includes marine gears, power take-offs, clutches, brakes, transmissions and controllable pitch propeller systems engineered to withstand heavy loads and corrosive conditions.

In addition to original equipment manufacturing, Twin Disc offers aftermarket parts and services, including maintenance, repair and overhaul support through a network of service centers worldwide.