Twin Disc (NASDAQ:TWIN) Raised to Sell at ValuEngine

ValuEngine upgraded shares of Twin Disc (NASDAQ:TWIN) from a strong sell rating to a sell rating in a research note released on Thursday morning, ValuEngine reports.

A number of other brokerages have also weighed in on TWIN. TheStreet lowered shares of Twin Disc from a b- rating to a c+ rating in a report on Tuesday, June 11th. BidaskClub lowered shares of Twin Disc from a buy rating to a hold rating in a report on Thursday, May 9th. Finally, Zacks Investment Research upgraded shares of Twin Disc from a strong sell rating to a hold rating in a report on Saturday, July 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Twin Disc has an average rating of Hold and a consensus target price of $19.00.

TWIN traded up $0.79 during trading on Thursday, hitting $12.22. The company’s stock had a trading volume of 28,049 shares, compared to its average volume of 39,196. The stock has a market cap of $149.72 million, a price-to-earnings ratio of 7.52 and a beta of 2.00. Twin Disc has a one year low of $11.29 and a one year high of $27.97. The stock has a 50 day moving average price of $13.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 3.00.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.09). Twin Disc had a net margin of 5.74% and a return on equity of 10.87%. The company had revenue of $77.42 million for the quarter, compared to the consensus estimate of $85.70 million. Analysts expect that Twin Disc will post 1.16 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. California Public Employees Retirement System grew its position in Twin Disc by 115.9% during the 1st quarter. California Public Employees Retirement System now owns 92,946 shares of the industrial products company’s stock worth $1,548,000 after purchasing an additional 49,900 shares during the last quarter. First Trust Advisors LP boosted 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 acquiring an additional 4,590 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Twin Disc in the 4th quarter valued at $403,000. Dimensional Fund Advisors LP boosted its holdings in shares of Twin Disc by 6.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 651,878 shares of the industrial products company’s stock valued at $9,615,000 after acquiring an additional 36,891 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its holdings in shares of Twin Disc by 26.4% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 367,584 shares of the industrial products company’s stock valued at $6,120,000 after acquiring an additional 76,860 shares during the last quarter. 56.79% of the stock is currently owned by hedge funds and other institutional investors.

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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