TheStreet cut shares of Twin Disc (NASDAQ:TWIN) from a b- rating to a c+ rating in a report published on Tuesday morning, TheStreetRatingsTable reports.
Several other research firms have also weighed in on TWIN. Zacks Investment Research raised Twin Disc from a sell rating to a hold rating in a research report on Saturday, April 6th. BidaskClub lowered Twin Disc from a buy rating to a hold rating in a report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $19.00.
NASDAQ:TWIN opened at $13.86 on Tuesday. The company has a market cap of $178.01 million, a price-to-earnings ratio of 10.04 and a beta of 2.11. Twin Disc has a twelve month low of $13.37 and a twelve month high of $27.97. The company has a current ratio of 3.00, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32.
Hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its holdings in shares of Twin Disc by 606.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,020 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 1,734 shares during the last quarter. Ramsey Quantitative Systems acquired a new position in shares of Twin Disc during the 4th quarter worth approximately $36,000. American International Group Inc. increased its holdings in shares of Twin Disc by 10.5% during the 4th quarter. American International Group Inc. now owns 6,207 shares of the industrial products company’s stock worth $92,000 after acquiring an additional 592 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Twin Disc by 40.5% during the 4th quarter. Rhumbline Advisers now owns 13,183 shares of the industrial products company’s stock worth $194,000 after acquiring an additional 3,800 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Twin Disc by 34.4% during the 4th quarter. First Trust Advisors LP now owns 17,928 shares of the industrial products company’s stock worth $264,000 after acquiring an additional 4,590 shares during the last quarter. 56.81% of the stock is currently owned by institutional investors and hedge funds.
Twin Disc Company Profile
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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