Twin Disc (NASDAQ:TWIN) Upgraded at Wall Street Zen

Twin Disc (NASDAQ:TWIN) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a research note issued on Saturday.

Several other equities research analysts have also issued reports on TWIN. Zacks Research upgraded shares of Twin Disc to a “hold” rating in a report on Tuesday, December 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Twin Disc in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Twin Disc has a consensus rating of “Hold” and an average target price of $12.00.

Twin Disc Price Performance

Shares of Twin Disc stock opened at $16.60 on Friday. The stock has a market cap of $239.37 million, a price-to-earnings ratio of 11.07 and a beta of 0.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.79 and a current ratio of 2.12. The stock has a 50 day moving average price of $16.82 and a 200-day moving average price of $14.38. Twin Disc has a one year low of $6.16 and a one year high of $19.63.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.17). The company had revenue of $90.18 million for the quarter, compared to analysts’ expectations of $92.80 million. Twin Disc had a net margin of 6.26% and a return on equity of 0.02%.

Hedge Funds Weigh In On Twin Disc

A number of institutional investors have recently modified their holdings of TWIN. Gamco Investors INC. ET AL raised its stake in shares of Twin Disc by 0.5% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,737,299 shares of the industrial products company’s stock valued at $28,978,000 after acquiring an additional 8,600 shares in the last quarter. Vanguard Group Inc. increased its holdings in Twin Disc by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 576,549 shares of the industrial products company’s stock worth $8,037,000 after purchasing an additional 5,407 shares during the period. Ameriprise Financial Inc. raised its position in Twin Disc by 1,928.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 439,241 shares of the industrial products company’s stock valued at $3,878,000 after purchasing an additional 417,590 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of Twin Disc by 0.9% in the 4th quarter. Gabelli Funds LLC now owns 394,524 shares of the industrial products company’s stock worth $6,581,000 after buying an additional 3,500 shares during the period. Finally, Mink Brook Asset Management LLC lifted its holdings in shares of Twin Disc by 385.8% in the 3rd quarter. Mink Brook Asset Management LLC now owns 298,520 shares of the industrial products company’s stock worth $4,161,000 after buying an additional 237,073 shares during the period. 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.