ValuEngine cut shares of Twin Disc (NASDAQ:TWIN) from a hold rating to a sell rating in a report issued on Tuesday morning.

A number of other analysts have also recently weighed in on TWIN. BidaskClub upgraded Twin Disc from a strong sell rating to a sell rating in a research report on Saturday, July 7th. Zacks Investment Research upgraded Twin Disc from a hold rating to a strong-buy rating and set a $30.00 target price on the stock in a research report on Friday, August 10th.

Shares of Twin Disc stock opened at $21.01 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.21 and a current ratio of 2.55. The company has a market cap of $301.09 million, a PE ratio of 14.64 and a beta of 1.90. Twin Disc has a twelve month low of $19.30 and a twelve month high of $31.95.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings results on Monday, August 6th. The industrial products company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.19. The business had revenue of $73.77 million for the quarter, compared to analysts’ expectations of $74.00 million. Twin Disc had a return on equity of 11.79% and a net margin of 3.96%. As a group, research analysts expect that Twin Disc will post 1.76 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of TWIN. Gamco Investors INC. ET AL increased its position in Twin Disc by 9.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,455,771 shares of the industrial products company’s stock valued at $36,132,000 after acquiring an additional 129,778 shares during the period. Millennium Management LLC increased its position in Twin Disc by 426.6% in the 1st quarter. Millennium Management LLC now owns 113,873 shares of the industrial products company’s stock valued at $2,476,000 after acquiring an additional 92,248 shares during the period. Teton Advisors Inc. increased its position in Twin Disc by 15.2% in the 2nd quarter. Teton Advisors Inc. now owns 423,354 shares of the industrial products company’s stock valued at $10,508,000 after acquiring an additional 55,947 shares during the period. Renaissance Technologies LLC increased its position in Twin Disc by 39.2% in the 2nd quarter. Renaissance Technologies LLC now owns 102,700 shares of the industrial products company’s stock valued at $2,549,000 after acquiring an additional 28,900 shares during the period. Finally, BlackRock Inc. increased its position in Twin Disc by 4.1% in the 2nd quarter. BlackRock Inc. now owns 594,020 shares of the industrial products company’s stock valued at $14,744,000 after acquiring an additional 23,434 shares during the period. Hedge funds and other institutional investors own 52.80% of the company’s stock.

About Twin Disc

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.

See Also: Outstanding Shares

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