Twin Disc (NASDAQ:TWIN) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Twin Disc (NASDAQ:TWIN) from a hold rating to a strong-buy rating in a research report sent to investors on Saturday morning.

A number of other equities analysts also recently issued reports on TWIN. Weiss Ratings reiterated a “sell (d+)” rating on shares of Twin Disc in a report on Wednesday, January 21st. Zacks Research raised shares of Twin Disc to a “hold” rating in a research report on Tuesday, December 9th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Twin Disc presently has an average rating of “Hold” and a consensus target price of $12.00.

Twin Disc Stock Performance

Shares of TWIN opened at $16.60 on Friday. The company has a 50-day simple moving average of $16.82 and a two-hundred day simple moving average of $14.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.12 and a quick ratio of 0.79. The firm has a market capitalization of $239.37 million, a PE ratio of 11.07 and a beta of 0.68. Twin Disc has a one year low of $6.16 and a one year high of $19.63.

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

Twin Disc Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Wednesday, February 18th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $0.16 annualized dividend and a dividend yield of 1.0%. Twin Disc’s dividend payout ratio (DPR) is 10.67%.

Institutional Trading of Twin Disc

Several institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its stake in shares of Twin Disc by 19.4% in the first quarter. Goldman Sachs Group Inc. now owns 41,712 shares of the industrial products company’s stock worth $316,000 after purchasing an additional 6,774 shares during the last quarter. Strs Ohio bought a new stake in Twin Disc in the 1st quarter worth about $74,000. Grace & White Inc. NY increased its holdings in Twin Disc by 5.7% in the 2nd quarter. Grace & White Inc. NY now owns 284,529 shares of the industrial products company’s stock worth $2,512,000 after buying an additional 15,282 shares in the last quarter. Peapod Lane Capital LLC purchased a new position in Twin Disc in the 2nd quarter worth about $1,202,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Twin Disc during the 2nd quarter valued at about $420,000. 65.25% of the stock is currently 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.