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

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

A number of other research analysts have also recently commented on the stock. Zacks Research upgraded shares of Twin Disc to a “hold” rating in a research note on Tuesday, December 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Twin Disc in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Twin Disc presently has a consensus rating of “Hold” and an average price target of $12.00.

Twin Disc Stock Down 2.9%

TWIN opened at $16.20 on Friday. The company has a market capitalization of $233.12 million, a P/E ratio of 810.00 and a beta of 0.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.08 and a quick ratio of 0.79. The firm’s fifty day moving average price is $15.85 and its two-hundred day moving average price is $12.96. Twin Disc has a fifty-two week low of $6.16 and a fifty-two week high of $17.30.

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

Hedge Funds Weigh In On Twin Disc

Several institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in Twin Disc by 28.6% in the third quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 1,193 shares in the last quarter. Strs Ohio bought a new position in shares of Twin Disc in the first quarter valued at about $74,000. Huntington National Bank lifted its position in Twin Disc by 500,000.0% during the 2nd quarter. Huntington National Bank now owns 10,002 shares of the industrial products company’s stock worth $88,000 after buying an additional 10,000 shares in the last quarter. Corton Capital Inc. bought a new stake in Twin Disc during the 2nd quarter worth about $93,000. Finally, Ritholtz Wealth Management bought a new stake in Twin Disc during the 3rd quarter worth about $187,000. Institutional investors own 65.25% of the company’s stock.

About Twin Disc

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.