Twin Disc’s (NASDAQ:TWIN) Hold Rating Reiterated at Robert W. Baird

Robert W. Baird reissued their hold rating on shares of Twin Disc (NASDAQ:TWIN) in a research note issued to investors on Tuesday, January 9th. Robert W. Baird currently has a $28.00 target price on the industrial products company’s stock.

Several other research firms have also weighed in on TWIN. BidaskClub lowered shares of Twin Disc from a strong-buy rating to a buy rating in a research note on Saturday, December 30th. Zacks Investment Research lowered shares of Twin Disc from a strong-buy rating to a hold rating in a research note on Saturday, December 30th. Four investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of Hold and an average target price of $25.67.

Shares of Twin Disc (NASDAQ TWIN) traded up $1.46 during trading on Tuesday, hitting $31.03. 54,911 shares of the company traded hands, compared to its average volume of 51,444. The company has a quick ratio of 1.42, a current ratio of 3.12 and a debt-to-equity ratio of 0.06. Twin Disc has a 12 month low of $14.81 and a 12 month high of $31.95. The company has a market cap of $341.73 and a price-to-earnings ratio of -1,033.99.

Twin Disc (NASDAQ:TWIN) last posted its earnings results on Friday, February 2nd. The industrial products company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. The business had revenue of $56.55 million for the quarter, compared to the consensus estimate of $51.50 million. Twin Disc had a negative net margin of 0.12% and a positive return on equity of 0.27%. The firm’s revenue was up 68.0% compared to the same quarter last year. During the same period last year, the company earned ($0.26) EPS. equities research analysts predict that Twin Disc will post 0.58 EPS for the current year.

In related news, Director David R. Zimmer sold 1,500 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $24.96, for a total value of $37,440.00. Following the transaction, the director now directly owns 31,868 shares of the company’s stock, valued at approximately $795,425.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Denise Wilcox sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $27.25, for a total transaction of $136,250.00. Following the sale, the vice president now directly owns 33,513 shares in the company, valued at $913,229.25. The disclosure for this sale can be found here. Insiders sold a total of 11,250 shares of company stock worth $304,988 over the last three months. 27.50% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Nationwide Fund Advisors increased its position in shares of Twin Disc by 229.5% in the second quarter. Nationwide Fund Advisors now owns 6,590 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 4,590 shares during the last quarter. New York State Common Retirement Fund bought a new position in Twin Disc during the second quarter valued at approximately $147,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Twin Disc during the fourth quarter valued at approximately $259,000. Rhumbline Advisers bought a new position in Twin Disc during the second quarter valued at approximately $163,000. Finally, Advisor Group Inc. grew its position in Twin Disc by 3.4% during the second quarter. Advisor Group Inc. now owns 14,650 shares of the industrial products company’s stock valued at $236,000 after acquiring an additional 479 shares during the last quarter. 52.48% of the stock is currently owned by hedge funds and other institutional investors.

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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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