Twin Disc (NASDAQ:TWIN) Raised to “Strong-Buy” at Wall Street Zen

by · The Cerbat Gem

Twin Disc (NASDAQ:TWIN – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a report released on Saturday.

Twin Disc Stock Performance

Shares of TWIN stock opened at $13.18 on Friday. The firm has a market capitalization of $189.66 million, a PE ratio of -94.14 and a beta of 0.85. The firm has a fifty day simple moving average of $10.21 and a two-hundred day simple moving average of $8.53. The company has a current ratio of 1.96, a quick ratio of 0.75 and a debt-to-equity ratio of 0.17. Twin Disc has a 12 month low of $6.16 and a 12 month high of $13.80.

Twin Disc (NASDAQ:TWIN – Get Free Report) last posted its earnings results on Thursday, August 21st. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.16). Twin Disc had a negative return on equity of 1.22% and a negative net margin of 0.56%.The firm had revenue of $96.68 million during the quarter, compared to the consensus estimate of $93.00 million.

Institutional Trading of Twin Disc

Several institutional investors have recently made changes to their positions in the company. Gamco Investors INC. ET AL grew its stake in shares of Twin Disc by 3.5% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,732,799 shares of the industrial products company’s stock worth $15,301,000 after acquiring an additional 59,000 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Twin Disc by 1,928.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 439,241 shares of the industrial products company’s stock worth $3,878,000 after acquiring an additional 417,590 shares in the last quarter. Gabelli Funds LLC grew its stake in shares of Twin Disc by 0.5% in the 2nd quarter. Gabelli Funds LLC now owns 387,524 shares of the industrial products company’s stock worth $3,422,000 after acquiring an additional 2,000 shares in the last quarter. Grace & White Inc. NY grew its stake in shares of Twin Disc by 5.7% in the 2nd quarter. Grace & White Inc. NY now owns 284,529 shares of the industrial products company’s stock worth $2,512,000 after acquiring an additional 15,282 shares in the last quarter. Finally, Peapod Lane Capital LLC bought a new position in Twin Disc during the second quarter valued at about $1,202,000. Institutional investors own 65.25% of the company’s stock.

About Twin Disc

(Get Free Report)

Twin Disc, Incorporated engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal 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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