Twin Disc (NASDAQ:TWIN) Rating Lowered to Buy at Wall Street Zen
by Renee Jackson · The Cerbat GemTwin Disc (NASDAQ:TWIN – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.
Separately, Weiss Ratings raised Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Analysis on Twin Disc
Twin Disc Price Performance
NASDAQ TWIN opened at $17.64 on Friday. The business has a fifty day moving average price of $16.65 and a 200 day moving average price of $16.29. Twin Disc has a one year low of $6.16 and a one year high of $19.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.75 and a current ratio of 2.12. The company has a market cap of $254.40 million, a P/E ratio of 11.76 and a beta of 0.72.
Twin Disc (NASDAQ:TWIN – Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $92.80 million.
Institutional Trading of Twin Disc
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC increased its stake in shares of Twin Disc by 10.1% in the 4th quarter. Empowered Funds LLC now owns 24,687 shares of the industrial products company’s stock worth $412,000 after acquiring an additional 2,269 shares during the last quarter. Bridgeway Capital Management LLC increased its stake in shares of Twin Disc by 20.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 56,266 shares of the industrial products company’s stock worth $939,000 after acquiring an additional 9,669 shares during the last quarter. 683 Capital Management LLC acquired a new stake in shares of Twin Disc in the 4th quarter worth $533,000. ExodusPoint Capital Management LP acquired a new stake in shares of Twin Disc in the 4th quarter worth $402,000. Finally, Rothschild Wealth LLC acquired a new stake in shares of Twin Disc in the 4th quarter worth $417,000. 65.25% of the stock is owned by institutional investors and hedge funds.
Twin Disc Company Profile
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.