Twin Disc (TWIN) Lowered to Sell at Zacks Investment Research

Twin Disc (TWIN) Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Twin Disc (NASDAQ:TWIN) from a hold rating to a sell rating in a research note released on Friday.

According to Zacks, “TWIN DISC, INC. designs, manufactures and sells heavy duty off-highway power transmission equipment. Products offered include: hydraulic torque converters; power-shift transmissions; marine transmissions and surface drives; universal joints; gas turbine starting drives; power take-offs and reduction gears; industrial clutches; fluid couplings and control systems. Principal markets are: construction equipment, industrial equipment, government, marine, energy and natural resources and agriculture. “

Several other brokerages also recently commented on TWIN. Oppenheimer initiated coverage on Twin Disc in a research report on Monday, December 17th. They issued a buy rating and a $20.00 price objective on the stock. TheStreet raised Twin Disc from a c rating to a b- rating in a research report on Friday, February 1st. ValuEngine downgraded Twin Disc from a sell rating to a strong sell rating in a research report on Tuesday, November 6th. BidaskClub downgraded Twin Disc from a sell rating to a strong sell rating in a research report on Friday, October 19th. Finally, CIBC initiated coverage on Twin Disc in a research report on Monday, December 17th. They issued an outperform rating on the stock. Three equities research analysts have rated the stock with a sell rating and two have given a buy rating to the stock. Twin Disc presently has an average rating of Hold and a consensus price target of $19.00.

NASDAQ:TWIN traded down $0.03 during midday trading on Friday, hitting $15.58. 23,320 shares of the company traded hands, compared to its average volume of 28,637. Twin Disc has a 12-month low of $13.40 and a 12-month high of $30.29. The firm has a market capitalization of $204.10 million, a PE ratio of 11.29 and a beta of 2.02. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 2.74.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings results on Friday, February 1st. The industrial products company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. Twin Disc had a return on equity of 11.58% and a net margin of 5.89%. The company had revenue of $78.11 million for the quarter, compared to analyst estimates of $83.05 million. Equities analysts forecast that Twin Disc will post 1.52 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL grew its position in Twin Disc by 9.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 1,597,672 shares of the industrial products company’s stock valued at $36,810,000 after acquiring an additional 141,901 shares during the last quarter. BlackRock Inc. grew its position in shares of Twin Disc by 8.5% during the 4th quarter. BlackRock Inc. now owns 654,602 shares of the industrial products company’s stock worth $9,657,000 after buying an additional 51,146 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Twin Disc by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 614,987 shares of the industrial products company’s stock worth $14,169,000 after buying an additional 7,736 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Twin Disc by 20.7% during the 3rd quarter. Vanguard Group Inc. now owns 511,570 shares of the industrial products company’s stock worth $11,787,000 after buying an additional 87,840 shares in the last quarter. Finally, Vanguard Group Inc grew its position in shares of Twin Disc by 20.7% during the 3rd quarter. Vanguard Group Inc now owns 511,570 shares of the industrial products company’s stock worth $11,787,000 after buying an additional 87,840 shares in the last quarter. 55.71% of the stock is currently owned by institutional investors.

Twin Disc Company Profile

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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