Twin Disc (NASDAQ:TWIN) Upgraded at ValuEngine

ValuEngine upgraded shares of Twin Disc (NASDAQ:TWIN) from a sell rating to a hold rating in a research report report published on Wednesday morning, ValuEngine reports.

TWIN has been the topic of several other research reports. TheStreet cut shares of Twin Disc from a b- rating to a c+ rating in a research report on Tuesday, June 11th. Robert W. Baird set a $14.00 price target on shares of Twin Disc and gave the stock a hold rating in a report on Monday, August 12th. Finally, Zacks Investment Research cut shares of Twin Disc from a hold rating to a strong sell rating in a report on Saturday, August 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $17.33.

Shares of Twin Disc stock traded up $0.60 during mid-day trading on Wednesday, hitting $11.38. 15,333 shares of the stock were exchanged, compared to its average volume of 32,457. Twin Disc has a 12 month low of $9.60 and a 12 month high of $23.23. The company has a 50-day simple moving average of $10.77 and a 200 day simple moving average of $13.90. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 2.77. The company has a market capitalization of $151.72 million, a P/E ratio of 13.71 and a beta of 1.97.

Twin Disc (NASDAQ:TWIN) last posted its earnings results on Friday, August 9th. The industrial products company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.20). Twin Disc had a return on equity of 6.75% and a net margin of 4.07%. The firm had revenue of $72.45 million for the quarter, compared to the consensus estimate of $72.85 million. Analysts predict that Twin Disc will post 0.19 EPS for the current year.

Large investors have recently bought and sold shares of the stock. Pacific Ridge Capital Partners LLC raised its holdings in shares of Twin Disc by 12.3% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 412,629 shares of the industrial products company’s stock worth $6,231,000 after purchasing an additional 45,045 shares during the period. Skylands Capital LLC raised its holdings in shares of Twin Disc by 31.5% in the 2nd quarter. Skylands Capital LLC now owns 101,938 shares of the industrial products company’s stock worth $1,539,000 after purchasing an additional 24,438 shares during the period. California Public Employees Retirement System raised its holdings in shares of Twin Disc by 115.9% in the 1st quarter. California Public Employees Retirement System now owns 92,946 shares of the industrial products company’s stock worth $1,548,000 after purchasing an additional 49,900 shares during the period. Perritt Capital Management Inc. raised its holdings in shares of Twin Disc by 4.3% in the 2nd quarter. Perritt Capital Management Inc. now owns 48,900 shares of the industrial products company’s stock worth $738,000 after purchasing an additional 2,000 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Twin Disc by 6.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 651,878 shares of the industrial products company’s stock valued at $9,615,000 after buying an additional 36,891 shares in the last quarter. 56.36% of the stock is currently owned by institutional investors.

Twin Disc Company Profile

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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