Twin Disc (NASDAQ:TWIN) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Twin Disc (NASDAQ:TWIN – Free Report) from a hold rating to a buy rating in a report issued on Saturday.

Several other brokerages have also issued reports on TWIN. Zacks Research upgraded shares of Twin Disc to a “hold” rating in a research report on Tuesday, December 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Twin Disc in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.00.

View Our Latest Stock Analysis on TWIN

Twin Disc Stock Up 2.7%

Twin Disc stock opened at $15.72 on Friday. The company has a current ratio of 2.08, a quick ratio of 0.79 and a debt-to-equity ratio of 0.25. Twin Disc has a 12 month low of $6.16 and a 12 month high of $17.08. The firm has a market cap of $226.21 million, a price-to-earnings ratio of 786.00 and a beta of 0.72. The stock has a fifty day simple moving average of $15.42 and a two-hundred day simple moving average of $12.09.

Twin Disc (NASDAQ:TWIN – Get Free Report) last issued its earnings results on Wednesday, November 5th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.06). The company had revenue of $80.00 million during the quarter, compared to analysts’ expectations of $98.60 million. Twin Disc had a return on equity of 0.23% and a net margin of 0.10%.

Twin Disc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a dividend of $0.04 per share. The ex-dividend date was Monday, November 17th. This represents a $0.16 annualized dividend and a yield of 1.0%. Twin Disc’s dividend payout ratio is currently 800.00%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its holdings in shares of Twin Disc by 1.1% during the third quarter. IFP Advisors Inc now owns 108,408 shares of the industrial products company’s stock valued at $1,512,000 after acquiring an additional 1,206 shares during the period. Susquehanna International Group LLP boosted its stake in Twin Disc by 441.6% during the 3rd quarter. Susquehanna International Group LLP now owns 99,791 shares of the industrial products company’s stock valued at $1,391,000 after purchasing an additional 81,366 shares during the period. Qube Research & Technologies Ltd boosted its stake in Twin Disc by 16.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 18,630 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 2,696 shares during the period. Mink Brook Asset Management LLC grew its position in Twin Disc by 385.8% in the 3rd quarter. Mink Brook Asset Management LLC now owns 298,520 shares of the industrial products company’s stock worth $4,161,000 after purchasing an additional 237,073 shares during the last quarter. Finally, Citadel Advisors LLC increased its stake in shares of Twin Disc by 29.9% in the third quarter. Citadel Advisors LLC now owns 45,299 shares of the industrial products company’s stock valued at $631,000 after purchasing an additional 10,430 shares during the period. Institutional investors own 65.25% of the company’s stock.

Twin Disc Company Profile

(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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