Twin Disc (NASDAQ:TWIN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Twin Disc (NASDAQ:TWIN – Get Rating) in a report released on Tuesday. The firm set a “hold” rating on the industrial products company’s stock.

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

Shares of Twin Disc stock opened at $14.41 on Tuesday. Twin Disc has a one year low of $9.40 and a one year high of $18.20. The stock’s fifty day moving average is $14.40 and its 200 day moving average is $12.79. The stock has a market cap of $196.87 million, a P/E ratio of -13.10 and a beta of 1.59. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 2.32.

Twin Disc (NASDAQ:TWIN – Get Rating) last posted its quarterly earnings results on Wednesday, February 2nd. The industrial products company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.25). The business had revenue of $59.89 million for the quarter, compared to the consensus estimate of $60.50 million. Twin Disc had a negative net margin of 6.27% and a negative return on equity of 0.61%. During the same period in the prior year, the business earned ($0.32) earnings per share. Analysts predict that Twin Disc will post -0.09 EPS for the current year.

Hedge funds have recently modified their holdings of the company. Gamco Investors INC. ET AL increased its holdings in shares of Twin Disc by 2.8% in the third quarter. Gamco Investors INC. ET AL now owns 1,473,915 shares of the industrial products company’s stock worth $15,712,000 after purchasing an additional 39,712 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Twin Disc by 9.0% in the third quarter. Renaissance Technologies LLC now owns 90,693 shares of the industrial products company’s stock worth $967,000 after purchasing an additional 7,500 shares during the last quarter. Barclays PLC increased its holdings 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 worth $28,000 after purchasing an additional 1,907 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Twin Disc by 11.9% in the third quarter. Neuberger Berman Group LLC now owns 380,798 shares of the industrial products company’s stock worth $4,031,000 after purchasing an additional 40,610 shares during the last quarter. Finally, Skylands Capital LLC increased its holdings in shares of Twin Disc by 26.7% in the third quarter. Skylands Capital LLC now owns 108,425 shares of the industrial products company’s stock worth $1,156,000 after purchasing an additional 22,878 shares during the last quarter. 61.78% of the stock is currently owned by hedge funds and other institutional investors.

Twin Disc Company Profile (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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