Lake Street Capital Begins Coverage on Twin Disc (NASDAQ:TWIN)

Lake Street Capital initiated coverage on shares of Twin Disc (NASDAQ:TWIN) in a research note issued on Thursday, MarketBeat.com reports. The brokerage set a “buy” rating and a $30.00 price target on the industrial products company’s stock. Lake Street Capital’s price target would suggest a potential upside of 32.63% from the stock’s previous close.

Several other equities research analysts have also weighed in on the company. Weiss Ratings raised Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Wall Street Zen lowered shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Twin Disc Trading Down 2.1%

Twin Disc stock opened at $22.62 on Thursday. Twin Disc has a 52-week low of $8.03 and a 52-week high of $24.50. The company has a quick ratio of 0.81, a current ratio of 2.09 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $326.18 million, a price-to-earnings ratio of 12.29 and a beta of 0.64. The firm has a 50-day moving average price of $19.57 and a two-hundred day moving average price of $17.89.

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

Hedge Funds Weigh In On Twin Disc

Several large investors have recently modified their holdings of the business. Global Retirement Partners LLC bought a new stake in shares of Twin Disc in the 4th quarter valued at about $39,000. Strs Ohio bought a new stake in shares of Twin Disc in the 1st quarter worth approximately $74,000. JPMorgan Chase & Co. boosted its stake in Twin Disc by 28.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 1,193 shares during the period. Bank of America Corp DE raised its position in shares of Twin Disc by 40.9% during the 2nd quarter. Bank of America Corp DE now owns 15,811 shares of the industrial products company’s stock valued at $140,000 after buying an additional 4,590 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Twin Disc in the 2nd quarter worth about $141,000. Institutional investors own 65.25% of the company’s stock.

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.