TheStreet Downgrades Twin Disc (NASDAQ:TWIN) to C+

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.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.09). The company had revenue of $77.42 million for the quarter, compared to analyst estimates of $85.70 million. Twin Disc had a return on equity of 10.87% and a net margin of 5.74%. Research analysts forecast that Twin Disc will post 1.23 EPS for the current fiscal year.

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.

Featured Story: Trading Stocks – What are percentage gainers?

Receive News & Ratings for Twin Disc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twin Disc and related companies with MarketBeat.com's FREE daily email newsletter.