Twin Disc (NASDAQ:TWIN) Downgraded by Wall Street Zen to Buy

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

Separately, Weiss Ratings lowered Twin Disc from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Twin Disc Price Performance

Shares of NASDAQ:TWIN opened at $19.91 on Friday. The business’s 50 day simple moving average is $17.10 and its 200-day simple moving average is $16.78. The firm has a market capitalization of $287.10 million, a price-to-earnings ratio of 10.82 and a beta of 0.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 0.81. Twin Disc has a 12 month low of $7.32 and a 12 month high of $19.99.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $96.69 million for the quarter, compared to analysts’ expectations of $94.70 million. Twin Disc had a return on equity of 2.77% and a net margin of 7.32%.

Institutional Investors Weigh In On Twin Disc

A number of institutional investors and hedge funds have recently bought and sold shares of TWIN. Bank of America Corp DE lifted its stake in Twin Disc by 34.7% in the 1st quarter. Bank of America Corp DE now owns 18,437 shares of the industrial products company’s stock valued at $278,000 after buying an additional 4,753 shares in the last quarter. Empowered Funds LLC lifted its stake in Twin Disc by 8.5% in the 1st quarter. Empowered Funds LLC now owns 26,786 shares of the industrial products company’s stock valued at $404,000 after buying an additional 2,099 shares in the last quarter. Gabelli Funds LLC lifted its stake in Twin Disc by 1.5% in the 1st quarter. Gabelli Funds LLC now owns 400,524 shares of the industrial products company’s stock valued at $6,036,000 after buying an additional 6,000 shares in the last quarter. Sei Investments Co. lifted its stake in Twin Disc by 92.8% in the 1st quarter. Sei Investments Co. now owns 70,471 shares of the industrial products company’s stock valued at $1,062,000 after buying an additional 33,919 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Twin Disc by 8.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 194,474 shares of the industrial products company’s stock valued at $2,931,000 after buying an additional 14,355 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

About Twin Disc

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.