Twin Disc, Incorporated (NASDAQ:TWIN) has earned a consensus rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $20.00.
TWIN has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Twin Disc from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday, January 10th. TheStreet raised shares of Twin Disc from a “c” rating to a “b-” rating in a research note on Friday, February 1st.
Shares of NASDAQ TWIN opened at $16.65 on Friday. The firm has a market capitalization of $218.12 million, a P/E ratio of 12.07 and a beta of 1.99. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.74 and a quick ratio of 1.06. Twin Disc has a 1-year low of $13.40 and a 1-year high of $30.29.
In related news, VP Malcolm F. Moore sold 3,000 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $18.00, for a total value of $54,000.00. Following the completion of the transaction, the vice president now directly owns 46,257 shares of the company’s stock, valued at approximately $832,626. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 25.80% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of TWIN. Ramsey Quantitative Systems acquired a new position in shares of Twin Disc during the 4th quarter worth about $36,000. American International Group Inc. raised its holdings 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 valued at $92,000 after purchasing an additional 592 shares during the period. Rhumbline Advisers raised its holdings 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 valued at $194,000 after purchasing an additional 3,800 shares during the period. Marshall Wace LLP bought a new stake in shares of Twin Disc in the 3rd quarter valued at about $221,000. Finally, First Trust Advisors LP raised its holdings 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 own 56.63% 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.
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