Twin Disc (NASDAQ:TWIN) Rating Increased to Strong-Buy at Wall Street Zen

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

A number of other equities research analysts have also recently commented on TWIN. Zacks Research raised Twin Disc to a “hold” rating in a report on Tuesday, December 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Twin Disc in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.00.

Twin Disc Price Performance

NASDAQ TWIN opened at $16.60 on Friday. Twin Disc has a 12 month low of $6.16 and a 12 month high of $19.63. The stock has a market cap of $239.37 million, a price-to-earnings ratio of 11.07 and a beta of 0.68. The company’s 50 day moving average is $16.82 and its two-hundred day moving average is $14.38. The company has a current ratio of 2.12, a quick ratio of 0.79 and a debt-to-equity ratio of 0.22.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.17). Twin Disc had a net margin of 6.26% and a return on equity of 0.02%. The firm had revenue of $90.18 million for the quarter, compared to the consensus estimate of $92.80 million.

Institutional Trading of Twin Disc

Hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC purchased a new position in shares of Twin Disc in the fourth quarter valued at $39,000. JPMorgan Chase & Co. lifted its position in 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 purchasing an additional 1,193 shares during the last quarter. Strs Ohio purchased a new position in shares of Twin Disc in the 1st quarter worth $74,000. Huntington National Bank grew its stake in shares of Twin Disc by 500,000.0% in the 2nd quarter. Huntington National Bank now owns 10,002 shares of the industrial products company’s stock worth $88,000 after buying an additional 10,000 shares in the last quarter. Finally, Corton Capital Inc. bought a new stake in shares of Twin Disc in the 2nd quarter worth about $93,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

About Twin Disc

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.