Twin Disc (NASDAQ:TWIN) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Twin Disc (NASDAQ:TWINGet Rating) in a research note issued to investors on Monday. The firm set a “hold” rating on the industrial products company’s stock.

Separately, Zacks Investment Research upgraded Twin Disc from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 6th.

Shares of NASDAQ TWIN opened at $15.60 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 2.32. The company has a market cap of $213.13 million, a PE ratio of -14.18 and a beta of 1.59. The business has a 50-day simple moving average of $14.13 and a two-hundred day simple moving average of $12.62. Twin Disc has a fifty-two week low of $9.40 and a fifty-two week high of $18.20.

Twin Disc (NASDAQ:TWINGet Rating) last announced its quarterly earnings data on Wednesday, February 2nd. The industrial products company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.25). Twin Disc had a negative return on equity of 0.61% and a negative net margin of 6.27%. The firm had revenue of $59.89 million during the quarter, compared to analysts’ expectations of $60.50 million. During the same quarter in the previous year, the business earned ($0.32) earnings per share. On average, sell-side analysts predict that Twin Disc will post -0.09 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Northern Trust Corp raised its position in Twin Disc by 3.9% during the fourth quarter. Northern Trust Corp now owns 23,802 shares of the industrial products company’s stock valued at $261,000 after acquiring an additional 889 shares in the last quarter. Geode Capital Management LLC raised its position in Twin Disc by 1.7% during the third quarter. Geode Capital Management LLC now owns 76,482 shares of the industrial products company’s stock valued at $815,000 after acquiring an additional 1,260 shares in the last quarter. BlackRock Inc. raised its position in Twin Disc by 0.7% during the fourth quarter. BlackRock Inc. now owns 182,622 shares of the industrial products company’s stock valued at $2,001,000 after acquiring an additional 1,323 shares in the last quarter. Morgan Stanley raised its position in Twin Disc by 35.2% during the second quarter. Morgan Stanley now owns 7,323 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 1,905 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Twin Disc by 263.0% in the third quarter. Barclays PLC now owns 2,632 shares of the industrial products company’s stock valued at $28,000 after buying an additional 1,907 shares in the last quarter. Institutional investors own 61.78% of the company’s stock.

About Twin Disc (Get Rating)

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. It operates through two segments, Manufacturing and Distribution. The company's products include marine transmissions, azimuth drives, 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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