Twin Disc, Incorporated (TWIN) Receives $20.00 Average Price Target from Analysts

Twin Disc, Incorporated (NASDAQ:TWIN) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $20.00.

Several research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Twin Disc from a “hold” rating to a “sell” rating in a report on Friday, February 8th. TheStreet raised shares of Twin Disc from a “c” rating to a “b-” rating in a report on Friday, February 1st. CIBC began coverage on shares of Twin Disc in a report on Monday, December 17th. They issued an “outperform” rating for the company. Finally, Oppenheimer began coverage on shares of Twin Disc in a report on Monday, December 17th. They issued a “buy” rating and a $20.00 price objective for the company.

In other Twin Disc news, VP Malcolm F. Moore sold 3,000 shares of Twin Disc 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 owns 46,257 shares of the company’s stock, valued at $832,626. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 25.80% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWIN. Geode Capital Management LLC lifted its holdings in shares of Twin Disc by 20.2% in the 4th quarter. Geode Capital Management LLC now owns 100,577 shares of the industrial products company’s stock worth $1,483,000 after acquiring an additional 16,881 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Twin Disc by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 651,878 shares of the industrial products company’s stock worth $9,615,000 after buying an additional 36,891 shares during the period. Walthausen & Co. LLC increased its stake in Twin Disc by 93.7% during the 4th quarter. Walthausen & Co. LLC now owns 154,290 shares of the industrial products company’s stock worth $2,276,000 after buying an additional 74,618 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in Twin Disc during the 4th quarter worth approximately $403,000. Finally, Bank of America Corp DE increased its stake in Twin Disc by 17.3% during the 4th quarter. Bank of America Corp DE now owns 18,103 shares of the industrial products company’s stock worth $267,000 after buying an additional 2,670 shares during the period. 56.63% of the stock is owned by institutional investors.

Shares of Twin Disc stock opened at $16.65 on Wednesday. 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. The firm has a market cap of $209.85 million, a P/E ratio of 12.07 and a beta of 2.00.

Twin Disc (NASDAQ:TWIN) last issued its earnings results on Friday, February 1st. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. Twin Disc had a net margin of 5.89% and a return on equity of 11.58%. The firm had revenue of $78.11 million during the quarter, compared to analysts’ expectations of $83.05 million. As a group, equities analysts anticipate that Twin Disc will post 1.52 earnings per share for the current fiscal year.

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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