Zacks Investment Research upgraded shares of Twin Disc, Incorporated (NASDAQ:TWIN) from a hold rating to a strong-buy rating in a research report released on Thursday, November 2nd. They currently have $25.00 target price 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 note on Monday, August 28th.
Twin Disc, (TWIN) traded up $1.49 during midday trading on Thursday, reaching $28.14. The company’s stock had a trading volume of 51,560 shares, compared to its average volume of 35,987. The company has a current ratio of 3.12, a quick ratio of 1.42 and a debt-to-equity ratio of 0.06. The firm has a market cap of $326.20, a P/E ratio of 1,250.00 and a beta of 1.60. Twin Disc, has a 12-month low of $12.83 and a 12-month high of $28.31.
Twin Disc, (NASDAQ:TWIN) last issued its 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%. The firm’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.24) EPS. research analysts forecast that Twin Disc, will post 0.58 earnings per share for the current fiscal year.
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In related news, insider John H. Batten sold 3,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $27.31, for a total value of $81,930.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David R. Zimmer sold 1,500 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $24.96, for a total value of $37,440.00. Following the completion of the transaction, the director now owns 31,868 shares of the company’s stock, valued at $795,425.28. The disclosure for this sale can be found here. 27.50% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in TWIN. Bank of New York Mellon Corp raised its stake in Twin Disc, by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 44,767 shares of the industrial products company’s stock worth $921,000 after acquiring an additional 526 shares in the last quarter. California Public Employees Retirement System raised its stake in Twin Disc, by 14.0% during the first quarter. California Public Employees Retirement System now owns 47,300 shares of the industrial products company’s stock worth $973,000 after acquiring an additional 5,800 shares in the last quarter. Vanguard Group Inc. raised its stake in Twin Disc, by 1.0% during the first quarter. Vanguard Group Inc. now owns 342,338 shares of the industrial products company’s stock worth $7,042,000 after acquiring an additional 3,271 shares in the last quarter. Geode Capital Management LLC raised its stake in Twin Disc, by 5.2% during the first quarter. Geode Capital Management LLC now owns 46,300 shares of the industrial products company’s stock worth $952,000 after acquiring an additional 2,287 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Twin Disc, by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 579,697 shares of the industrial products company’s stock worth $11,924,000 after acquiring an additional 12,256 shares in the last quarter. Hedge funds and other institutional investors own 50.93% of the company’s stock.
About Twin Disc,
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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