Twin Disc, Incorporated (TWIN) Receives $19.00 Consensus Target Price from Brokerages
Shares of Twin Disc, Incorporated (NASDAQ:TWIN) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $19.00.
A number of research analysts have commented on the company. Oppenheimer assumed coverage on Twin Disc in a research note on Monday, December 17th. They set a “buy” rating and a $20.00 price objective on the stock. ValuEngine cut Twin Disc from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 6th. Zacks Investment Research upgraded Twin Disc from a “sell” rating to a “hold” rating in a research note on Tuesday, December 4th. BidaskClub lowered Twin Disc from a “sell” rating to a “strong sell” rating in a research report on Friday, October 19th. Finally, TheStreet lowered Twin Disc from a “b” rating to a “c” rating in a research report on Monday, October 29th.
TWIN opened at $17.63 on Friday. Twin Disc has a one year low of $13.40 and a one year high of $31.95. The stock has a market capitalization of $224.84 million, a PE ratio of 12.78 and a beta of 1.92. The company has a current ratio of 2.59, a quick ratio of 1.01 and a debt-to-equity ratio of 0.31.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Twin Disc by 8.3% during the third quarter. JPMorgan Chase & Co. now owns 34,282 shares of the industrial products company’s stock worth $790,000 after acquiring an additional 2,631 shares during the last quarter. SevenBridge Financial Group LLC bought a new stake in Twin Disc in the third quarter valued at about $108,000. Teton Advisors Inc. increased its holdings in Twin Disc by 1.3% in the third quarter. Teton Advisors Inc. now owns 428,854 shares of the industrial products company’s stock valued at $9,881,000 after buying an additional 5,500 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Twin Disc by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 614,987 shares of the industrial products company’s stock valued at $14,169,000 after buying an additional 7,736 shares during the last quarter. Finally, Algert Global LLC increased its holdings in Twin Disc by 21.3% in the third quarter. Algert Global LLC now owns 47,728 shares of the industrial products company’s stock valued at $1,100,000 after buying an additional 8,385 shares during the last quarter. 55.13% of the stock is currently owned by institutional investors and hedge funds.
Twin Disc Company Profile
Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. The company operates through two segments, Manufacturing and Distribution. Its products include marine transmissions, surface drives, propellers, and boat management systems; and power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.
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