Twin Disc (TWIN) Upgraded to Hold at Zacks Investment Research
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. “
Several other research analysts have also issued reports on TWIN. CIBC assumed coverage on Twin Disc in a research report on Monday, December 17th. They set an outperform rating for the company. Oppenheimer began coverage on Twin Disc in a research report on Monday, December 17th. They issued a buy rating and a $20.00 price target on the stock. Finally, TheStreet upgraded Twin Disc from a c rating to a b- rating in a research report on Friday, February 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $19.00.
Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings results on Friday, February 1st. The industrial products company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The company had revenue of $78.11 million for the quarter, compared to analyst estimates of $83.05 million. Twin Disc had a net margin of 5.89% and a return on equity of 11.58%. As a group, research analysts expect that Twin Disc will post 1.52 earnings per share for the current year.
In other news, VP Malcolm F. Moore sold 3,000 shares of the stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $18.00, for a total transaction of $54,000.00. Following the completion of the sale, the vice president now directly owns 46,257 shares in the company, valued at $832,626. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 25.80% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Ramsey Quantitative Systems bought a new stake in Twin Disc during the fourth quarter valued at $36,000. American International Group Inc. raised its position in shares of Twin Disc by 10.5% in the 4th quarter. American International Group Inc. now owns 6,207 shares of the industrial products company’s stock worth $92,000 after acquiring an additional 592 shares in the last quarter. Rhumbline Advisers raised its position in shares of Twin Disc by 40.5% in the 4th quarter. Rhumbline Advisers now owns 13,183 shares of the industrial products company’s stock worth $194,000 after acquiring an additional 3,800 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Twin Disc in the 3rd quarter valued at about $221,000. Finally, First Trust Advisors LP lifted its stake in shares of Twin Disc by 34.4% in the 4th quarter. First Trust Advisors LP now owns 17,928 shares of the industrial products company’s stock valued at $264,000 after purchasing an additional 4,590 shares during the period. Institutional investors and hedge funds own 56.63% of the company’s stock.
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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