Twin Disc (NASDAQ:TWIN) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Twin Disc (NASDAQ:TWIN) from a buy rating to a strong-buy rating in a research note published on Thursday.

Separately, Longbow Research began coverage on shares of Twin Disc in a research note on Thursday, April 17th. They issued a “buy” rating and a $12.00 price objective for the company.

Twin Disc Stock Up 2.5 %

TWIN opened at $7.42 on Thursday. The company has a quick ratio of 0.86, a current ratio of 2.11 and a debt-to-equity ratio of 0.15. The business’s fifty day simple moving average is $7.38 and its 200 day simple moving average is $9.95. Twin Disc has a 52 week low of $6.16 and a 52 week high of $15.86. The stock has a market cap of $104.96 million, a PE ratio of 11.07 and a beta of 0.76.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.32). The firm had revenue of $812.42 million for the quarter, compared to analysts’ expectations of $93.30 million. Twin Disc had a net margin of 2.92% and a return on equity of 4.24%.

Institutional Investors Weigh In On Twin Disc

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in Twin Disc by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 597,475 shares of the industrial products company’s stock worth $7,020,000 after acquiring an additional 20,470 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its position in shares of Twin Disc by 16.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 565,277 shares of the industrial products company’s stock valued at $6,642,000 after acquiring an additional 78,378 shares during the period. Grace & White Inc. NY raised its stake in shares of Twin Disc by 25.7% during the first quarter. Grace & White Inc. NY now owns 269,247 shares of the industrial products company’s stock valued at $2,038,000 after acquiring an additional 55,111 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Twin Disc by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 255,490 shares of the industrial products company’s stock worth $3,002,000 after purchasing an additional 4,566 shares during the period. Finally, IFP Advisors Inc bought a new stake in shares of Twin Disc in the first quarter worth about $805,000. Institutional investors own 65.25% of the company’s stock.

About Twin Disc

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.