Twin Disc (NASDAQ:TWIN) Upgraded at Zacks Investment Research

Twin Disc (NASDAQ:TWINGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Zacks.com reports. The brokerage presently has a $17.00 price target on the industrial products company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 25.18% from the stock’s current price.

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, StockNews.com initiated coverage on Twin Disc in a research report on Thursday. They issued a “hold” rating on the stock.

Shares of TWIN opened at $13.58 on Thursday. The company has a quick ratio of 0.78, a current ratio of 2.32 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average price is $15.15 and its 200-day moving average price is $13.15. Twin Disc has a 52 week low of $9.40 and a 52 week high of $18.20. The stock has a market cap of $185.53 million, a P/E ratio of -14.45 and a beta of 1.60.

Twin Disc (NASDAQ:TWINGet Rating) last issued its quarterly earnings results on Friday, April 29th. The industrial products company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.12. Twin Disc had a positive return on equity of 1.02% and a negative net margin of 5.31%. During the same period in the previous year, the company posted $0.01 EPS. On average, equities analysts anticipate that Twin Disc will post 0.22 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in TWIN. AMH Equity Ltd bought a new position in Twin Disc in the 4th quarter valued at approximately $7,446,000. Victory Capital Management Inc. purchased a new stake in Twin Disc during the 1st quarter valued at $2,566,000. Royce & Associates LP raised its stake in Twin Disc by 21.9% during the 4th quarter. Royce & Associates LP now owns 512,317 shares of the industrial products company’s stock valued at $5,615,000 after buying an additional 92,009 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Twin Disc by 11.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 380,798 shares of the industrial products company’s stock valued at $4,031,000 after buying an additional 40,610 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its stake 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 valued at $15,712,000 after buying an additional 39,712 shares during the last quarter. 61.35% of the stock is currently owned by institutional investors and hedge funds.

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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