Twin Disc, Incorporated (TWIN) Given Average Rating of “Hold” by Brokerages

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.

Twin Disc (NASDAQ:TWIN) last announced its earnings results on Friday, February 1st. The industrial products company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. The firm had revenue of $78.11 million during 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%. Sell-side analysts expect that Twin Disc will post 1.52 earnings per share for the current year.

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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