Twin Disc (NASDAQ:TWIN) Stock Rating Upgraded by Wall Street Zen

Twin Disc (NASDAQ:TWIN) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other brokerages also recently commented on TWIN. Zacks Research upgraded shares of Twin Disc to a “hold” rating in a research note on Tuesday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Twin Disc in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.00.

Twin Disc Stock Down 4.3%

NASDAQ:TWIN opened at $15.30 on Friday. The company has a market cap of $220.17 million, a price-to-earnings ratio of 765.00 and a beta of 0.72. Twin Disc has a twelve month low of $6.16 and a twelve month high of $17.08. The company has a current ratio of 2.08, a quick ratio of 0.79 and a debt-to-equity ratio of 0.25. The stock has a fifty day simple moving average of $15.39 and a 200-day simple moving average of $11.97.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings results on Wednesday, November 5th. The industrial products company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). The company had revenue of $80.00 million during the quarter, compared to the consensus estimate of $98.60 million. Twin Disc had a return on equity of 0.23% and a net margin of 0.10%.

Institutional Trading of Twin Disc

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in shares of Twin Disc by 28.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 1,193 shares during the period. Strs Ohio purchased a new stake in shares of Twin Disc during the 1st quarter worth $74,000. Huntington National Bank boosted its position in Twin Disc by 500,000.0% during the second quarter. Huntington National Bank now owns 10,002 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 10,000 shares in the last quarter. Corton Capital Inc. bought a new stake in Twin Disc during the second quarter valued at about $93,000. Finally, Ritholtz Wealth Management purchased a new position in Twin Disc in the third quarter valued at about $187,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Twin Disc Company Profile

Twin Disc, Incorporated engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal 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.