Twin Disc (NASDAQ:TWIN) Cut to Hold at Wall Street Zen

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

TWIN has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Twin Disc in a report on Wednesday, October 8th. Zacks Research upgraded shares of Twin Disc to a “hold” rating in a report on Tuesday, December 9th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Twin Disc has an average rating of “Hold” and a consensus target price of $12.00.

Twin Disc Price Performance

TWIN stock opened at $19.19 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.08 and a quick ratio of 0.79. The company’s 50-day moving average is $16.14 and its 200-day moving average is $13.57. The stock has a market capitalization of $276.14 million, a PE ratio of 959.50 and a beta of 0.67. Twin Disc has a 1 year low of $6.16 and a 1 year high of $19.33.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings results on Wednesday, November 5th. The industrial products company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). The firm had revenue of $80.00 million for the quarter, compared to analyst estimates 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

A number of hedge funds have recently made changes to their positions in TWIN. Allspring Global Investments Holdings LLC boosted its holdings in shares of Twin Disc by 105.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 180,119 shares of the industrial products company’s stock worth $3,004,000 after purchasing an additional 92,284 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Twin Disc by 28.6% during the third 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 in the last quarter. IFP Advisors Inc lifted its position in shares of Twin Disc by 1.1% in the 3rd quarter. IFP Advisors Inc now owns 108,408 shares of the industrial products company’s stock worth $1,512,000 after purchasing an additional 1,206 shares during the period. Susquehanna International Group LLP grew its stake in Twin Disc by 441.6% in the third quarter. Susquehanna International Group LLP now owns 99,791 shares of the industrial products company’s stock worth $1,391,000 after purchasing an additional 81,366 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in Twin Disc by 16.9% in the third quarter. Qube Research & Technologies Ltd now owns 18,630 shares of the industrial products company’s stock worth $260,000 after purchasing an additional 2,696 shares during the period. 65.25% of the stock is owned by institutional investors.

Twin Disc Company Profile

Twin Disc, Inc (NASDAQ: TWIN) is a global designer and manufacturer of power transmission equipment for marine and industrial applications. Headquartered in Racine, Wisconsin, the company develops a range of mechanical and digital solutions that control power delivery in demanding environments. Its portfolio includes marine gears, power take-offs, clutches, brakes, transmissions and controllable pitch propeller systems engineered to withstand heavy loads and corrosive conditions.

In addition to original equipment manufacturing, Twin Disc offers aftermarket parts and services, including maintenance, repair and overhaul support through a network of service centers worldwide.