Zacks Investment Research upgraded shares of Twin Disc, Incorporated (NASDAQ:TWIN) from a hold rating to a strong-buy rating in a report issued on Thursday, November 2nd. The firm currently has $25.00 price target on the industrial products company’s stock.
According to Zacks, “TWIN DISC, INC. designs, manufactures and sells heavy duty off-highway power transmission equipment. Products offered include: hydraulic torque converters; power-shift transmissions; marine transmissions and surface drives; universal joints; gas turbine starting drives; power take-offs and reduction gears; industrial clutches; fluid couplings and control systems. Principal markets are: construction equipment, industrial equipment, government, marine, energy and natural resources and agriculture. “
Separately, TheStreet raised Twin Disc, from a d+ rating to a c- rating in a research report on Monday, August 28th.
Shares of Twin Disc, (TWIN) opened at $25.61 on Thursday. The company has a current ratio of 3.12, a quick ratio of 1.42 and a debt-to-equity ratio of 0.06. Twin Disc, has a 1-year low of $12.58 and a 1-year high of $25.94. The firm has a market capitalization of $289.57, a PE ratio of 1,249.00 and a beta of 1.60.
Twin Disc, (NASDAQ:TWIN) last issued its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.29 earnings per share for the quarter. The company had revenue of $45.06 million for the quarter, compared to the consensus estimate of $45.90 million. Twin Disc, had a positive return on equity of 0.27% and a negative net margin of 0.12%. Twin Disc,’s revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.24) EPS. equities analysts expect that Twin Disc, will post 0.58 earnings per share for the current year.
In other news, Director David R. Zimmer sold 1,500 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $24.96, for a total transaction of $37,440.00. Following the completion of the transaction, the director now directly owns 31,868 shares of the company’s stock, valued at approximately $795,425.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 27.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors boosted its position in shares of Twin Disc, by 229.5% in the 2nd quarter. Nationwide Fund Advisors now owns 6,590 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 4,590 shares during the period. New York State Common Retirement Fund acquired a new stake in shares of Twin Disc, in the 2nd quarter valued at about $147,000. Rhumbline Advisers acquired a new stake in shares of Twin Disc, in the 2nd quarter valued at about $163,000. Advisor Group Inc. boosted its position in shares of Twin Disc, by 3.4% in the 2nd quarter. Advisor Group Inc. now owns 14,650 shares of the industrial products company’s stock valued at $236,000 after purchasing an additional 479 shares during the period. Finally, California State Teachers Retirement System acquired a new stake in shares of Twin Disc, in the 2nd quarter valued at about $244,000. 50.32% of the stock is owned by hedge funds and other institutional investors.
Twin Disc, Company Profile
Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates through two segments: manufacturing and distribution. Its products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems.
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