Twin Disc (NASDAQ:TWIN) Rating Lowered to “Hold” at Wall Street Zen

Twin Disc (NASDAQ:TWIN) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Monday.

Other analysts also recently issued research reports about the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Twin Disc in a report on Wednesday, October 8th. Zacks Research raised Twin Disc to a “hold” rating in a research note on Tuesday, December 9th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.00.

Twin Disc Stock Down 7.6%

Shares of TWIN opened at $17.74 on Monday. Twin Disc has a 52-week low of $6.16 and a 52-week high of $19.33. The company has a quick ratio of 0.79, a current ratio of 2.08 and a debt-to-equity ratio of 0.25. The stock has a fifty day simple moving average of $16.23 and a two-hundred day simple moving average of $13.70. The company has a market capitalization of $255.28 million, a PE ratio of 887.00 and a beta of 0.67.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings results on Wednesday, November 5th. The industrial products company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.06). Twin Disc had a net margin of 0.10% and a return on equity of 0.23%. The firm had revenue of $80.00 million for the quarter, compared to analyst estimates of $98.60 million.

Institutional Trading of Twin Disc

Several hedge funds have recently made changes to their positions in the business. Strs Ohio acquired a new position in shares of Twin Disc in the first quarter valued at approximately $74,000. JPMorgan Chase & Co. boosted its position in Twin Disc by 28.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock valued at $75,000 after buying an additional 1,193 shares during the period. Huntington National Bank grew its stake in shares of Twin Disc by 500,000.0% in the second quarter. Huntington National Bank now owns 10,002 shares of the industrial products company’s stock worth $88,000 after acquiring an additional 10,000 shares in the last quarter. Corton Capital Inc. purchased a new stake in shares of Twin Disc during the second quarter worth $93,000. Finally, Bank of America Corp DE raised its stake in shares of Twin Disc by 40.9% in the second quarter. Bank of America Corp DE now owns 15,811 shares of the industrial products company’s stock valued at $140,000 after acquiring an additional 4,590 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

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.