Twin Disc, Incorporated (TWIN) Rating Increased to Strong-Buy at Zacks Investment Research
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.
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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