Twin Disc, Incorporated (NASDAQ:TWIN) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday. The firm currently has a $25.00 price target on the industrial products company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 10.18% from the company’s previous close.

According to Zacks, “TWIN DISC, INC. designs, manufactures and sells heavy duty off-highway power transmission equipment. Products offered include: hydraulic torque converters; power-shift transmissions; marine transmissions and surface drives; universal joints; gas turbine starting drives; power take-offs and reduction gears; industrial clutches; fluid couplings and control systems. Principal markets are: construction equipment, industrial equipment, government, marine, energy and natural resources and agriculture. “

Separately, TheStreet upgraded Twin Disc, from a “d+” rating to a “c-” rating in a research note on Monday, August 28th.

Shares of Twin Disc, (NASDAQ:TWIN) traded down $0.60 during mid-day trading on Thursday, reaching $22.69. The company had a trading volume of 33,759 shares, compared to its average volume of 39,443. The stock has a market cap of $263.02, a price-to-earnings ratio of 1,134.50 and a beta of 1.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.12 and a quick ratio of 1.42. Twin Disc, has a one year low of $10.35 and a one year high of $23.78.

Twin Disc, (NASDAQ:TWIN) last issued its earnings results on Friday, October 27th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter. The company had revenue of $45.06 million during the quarter, compared to analyst estimates of $45.90 million. Twin Disc, had a positive return on equity of 0.27% and a negative net margin of 0.12%. The firm’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.24) EPS. equities analysts predict that Twin Disc, will post 0.58 earnings per share for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the business. Nationwide Fund Advisors grew its position in Twin Disc, by 229.5% during the 2nd quarter. Nationwide Fund Advisors now owns 6,590 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 4,590 shares during the period. New York State Common Retirement Fund acquired a new stake in Twin Disc, during the 2nd quarter worth about $147,000. Rhumbline Advisers acquired a new stake in Twin Disc, during the 2nd quarter worth about $163,000. Advisor Group Inc. grew its position in Twin Disc, by 3.4% during the 2nd quarter. Advisor Group Inc. now owns 14,650 shares of the industrial products company’s stock worth $236,000 after purchasing an additional 479 shares during the period. Finally, California State Teachers Retirement System acquired a new stake in Twin Disc, during the 2nd quarter worth about $244,000. 48.93% of the stock is currently owned by institutional investors.

About Twin Disc,

Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates through two segments: manufacturing and distribution. Its products include marine transmissions, 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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