Twin Disc (NASDAQ:TWIN) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of Twin Disc (NASDAQ:TWIN) from a sell rating to a hold rating in a research note released on Thursday, ValuEngine reports.

Several other brokerages have also weighed in on TWIN. Robert W. Baird set a $14.00 price objective on shares of Twin Disc and gave the company a hold rating in a report on Monday, August 12th. Zacks Investment Research lowered shares of Twin Disc from a hold rating to a strong sell rating in a report on Saturday, August 3rd. TheStreet lowered shares of Twin Disc from a b- rating to a c+ rating in a report on Tuesday, June 11th. Finally, BidaskClub lowered shares of Twin Disc from a buy rating to a hold rating in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Twin Disc presently has an average rating of Hold and a consensus price target of $17.33.

TWIN opened at $9.85 on Thursday. Twin Disc has a one year low of $9.72 and a one year high of $26.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.00 and a quick ratio of 1.16. The company’s 50 day simple moving average is $13.00 and its 200-day simple moving average is $15.35. The stock has a market capitalization of $135.57 million, a P/E ratio of 11.87 and a beta of 2.00.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings results on Friday, August 9th. The industrial products company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.20). Twin Disc had a net margin of 4.07% and a return on equity of 6.76%. The company had revenue of $72.45 million for the quarter, compared to the consensus estimate of $72.85 million. As a group, analysts anticipate that Twin Disc will post 0.19 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Twin Disc by 8.5% during the 4th quarter. BlackRock Inc. now owns 654,602 shares of the industrial products company’s stock valued at $9,657,000 after acquiring an additional 51,146 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Twin Disc by 25.6% during the 4th quarter. Bank of New York Mellon Corp now owns 101,160 shares of the industrial products company’s stock valued at $1,492,000 after acquiring an additional 20,625 shares during the last quarter. Northern Trust Corp raised its stake in Twin Disc by 10.1% during the 4th quarter. Northern Trust Corp now owns 117,129 shares of the industrial products company’s stock valued at $1,728,000 after acquiring an additional 10,759 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Twin Disc by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 651,878 shares of the industrial products company’s stock valued at $9,615,000 after acquiring an additional 36,891 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Twin Disc by 20.2% during the 4th quarter. Geode Capital Management LLC now owns 100,577 shares of the industrial products company’s stock valued at $1,483,000 after acquiring an additional 16,881 shares during the last quarter. Institutional investors and hedge funds own 57.05% of the company’s stock.

About Twin Disc

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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