StockNews.com Begins Coverage on Twin Disc (NASDAQ:TWIN)

StockNews.com began coverage on shares of Twin Disc (NASDAQ:TWIN – Get Rating) in a research note issued on Wednesday. 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 research note on Wednesday, April 6th.

Shares of Twin Disc stock opened at $14.16 on Wednesday. The company has a market capitalization of $193.45 million, a PE ratio of -12.87 and a beta of 1.59. Twin Disc has a 12 month low of $9.40 and a 12 month high of $18.20. The company has a current ratio of 2.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The stock’s fifty day simple moving average is $14.78 and its 200 day simple moving average is $12.98.

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

A number of large investors have recently added to or reduced their stakes in TWIN. Morgan Stanley boosted its position in Twin Disc by 35.2% during the 2nd quarter. Morgan Stanley now owns 7,323 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 1,905 shares during the last quarter. Barclays PLC boosted its position in Twin Disc by 263.0% during the 3rd quarter. Barclays PLC now owns 2,632 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 1,907 shares during the last quarter. Geode Capital Management LLC boosted its position in Twin Disc by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 76,482 shares of the industrial products company’s stock worth $815,000 after acquiring an additional 1,260 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Twin Disc by 2.8% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,473,915 shares of the industrial products company’s stock worth $15,712,000 after acquiring an additional 39,712 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Twin Disc by 9.0% during the 3rd quarter. Renaissance Technologies LLC now owns 90,693 shares of the industrial products company’s stock worth $967,000 after acquiring an additional 7,500 shares during the last quarter. 61.78% of the stock is owned by hedge funds and other institutional investors.

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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