Twin Disc (TWIN) Downgraded by TheStreet

Twin Disc (NASDAQ:TWIN) was downgraded by analysts at TheStreet from a “b” rating to a “c” rating in a research note issued on Monday.

Other analysts also recently issued reports about the company. BidaskClub upgraded Twin Disc from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research upgraded Twin Disc from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a report on Friday, August 10th. Finally, ValuEngine downgraded Twin Disc from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Three research analysts have rated the stock with a sell rating and one has issued a hold rating to the company. The company has an average rating of “Sell” and a consensus target price of $29.00.

NASDAQ:TWIN opened at $18.92 on Monday. Twin Disc has a twelve month low of $18.60 and a twelve month high of $31.95. The firm has a market cap of $253.26 million, a PE ratio of 13.71 and a beta of 1.90. The company has a quick ratio of 1.21, a current ratio of 2.55 and a debt-to-equity ratio of 0.03.



Twin Disc (NASDAQ:TWIN) last released its earnings results on Monday, October 29th. The industrial products company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Twin Disc had a return on equity of 11.27% and a net margin of 3.33%. The business had revenue of $74.69 million for the quarter, compared to the consensus estimate of $76.20 million. On average, sell-side analysts anticipate that Twin Disc will post 1.65 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Twin Disc by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 627,331 shares of the industrial products company’s stock valued at $13,638,000 after acquiring an additional 5,330 shares in the last quarter. Rhumbline Advisers bought a new position in Twin Disc in the second quarter worth about $232,000. JPMorgan Chase & Co. raised its holdings in Twin Disc by 55.4% in the first quarter. JPMorgan Chase & Co. now owns 26,536 shares of the industrial products company’s stock worth $577,000 after purchasing an additional 9,462 shares in the last quarter. Gabelli Funds LLC raised its holdings in Twin Disc by 3.9% in the second quarter. Gabelli Funds LLC now owns 331,405 shares of the industrial products company’s stock worth $8,225,000 after purchasing an additional 12,305 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in Twin Disc in the third quarter worth about $307,000. Hedge funds and other institutional investors own 47.12% of the company’s stock.

About Twin Disc

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. The company operates through two segments, Manufacturing and Distribution. Its products include marine transmissions, surface drives, propellers, and boat management systems; and power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.

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