Zacks Investment Research Downgrades Twin Disc (NASDAQ:TWIN) to Hold

Twin Disc (NASDAQ:TWIN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, Zacks.com reports.

According to Zacks, “TWIN DISC, INC. designs, manufactures and sells heavy duty off-highway power transmission equipment. Products offered include: hydraulic torque converters; power-shift transmissions; marine transmissions and surface drives; universal joints; gas turbine starting drives; power take-offs and reduction gears; industrial clutches; fluid couplings and control systems. Principal markets are: construction equipment, industrial equipment, government, marine, energy and natural resources and agriculture. “

Separately, Oppenheimer reissued a “buy” rating and set a $10.00 price target on shares of Twin Disc in a research report on Sunday, November 1st.

Shares of Twin Disc stock opened at $7.85 on Friday. The firm has a market capitalization of $106.51 million, a P/E ratio of -2.60 and a beta of 1.31. The company has a quick ratio of 0.80, a current ratio of 2.61 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average price of $6.90 and a 200 day moving average price of $6.06. Twin Disc has a 52 week low of $4.66 and a 52 week high of $11.61.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings data on Friday, October 30th. The industrial products company reported ($0.30) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.09. Twin Disc had a negative net margin of 16.13% and a negative return on equity of 8.66%. The firm had revenue of $46.14 million during the quarter, compared to analyst estimates of $42.90 million. As a group, research analysts anticipate that Twin Disc will post -0.74 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC purchased a new position in Twin Disc during the 3rd quarter worth approximately $111,000. Acadian Asset Management LLC grew its stake in shares of Twin Disc by 646.5% during the 3rd quarter. Acadian Asset Management LLC now owns 23,202 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 20,094 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Twin Disc by 1.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,599,909 shares of the industrial products company’s stock worth $8,096,000 after purchasing an additional 21,436 shares during the period. Gabelli Funds LLC grew its stake in shares of Twin Disc by 1.6% during the 3rd quarter. Gabelli Funds LLC now owns 370,500 shares of the industrial products company’s stock worth $1,875,000 after purchasing an additional 5,748 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in shares of Twin Disc during the 3rd quarter worth approximately $164,000. 53.08% of the stock is owned by institutional investors.

About Twin Disc

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. It operates through two segments, Manufacturing and Distribution. The company's 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.

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