StockNews.com Downgrades Twin Disc (NASDAQ:TWIN) to Buy

Twin Disc (NASDAQ:TWIN) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday.

Twin Disc Stock Down 0.7 %

Twin Disc stock opened at $8.14 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. Twin Disc has a 1-year low of $7.35 and a 1-year high of $18.00. The firm’s fifty day simple moving average is $9.51 and its 200-day simple moving average is $11.10. The company has a market capitalization of $115.15 million, a P/E ratio of 12.15 and a beta of 0.58.

Twin Disc (NASDAQ:TWIN) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $0.07 earnings per share for the quarter. Twin Disc had a return on equity of 4.24% and a net margin of 2.92%.

Institutional Trading of Twin Disc

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in Twin Disc by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 597,475 shares of the industrial products company’s stock worth $7,020,000 after acquiring an additional 20,470 shares during the period. Pacific Ridge Capital Partners LLC grew its position in shares of Twin Disc by 16.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 565,277 shares of the industrial products company’s stock valued at $6,642,000 after purchasing an additional 78,378 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Twin Disc by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 255,490 shares of the industrial products company’s stock worth $3,002,000 after purchasing an additional 4,566 shares during the period. State Street Corp lifted its position in shares of Twin Disc by 2.3% during the 3rd quarter. State Street Corp now owns 123,880 shares of the industrial products company’s stock worth $1,547,000 after purchasing an additional 2,835 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Twin Disc by 4.4% during the 4th quarter. Northern Trust Corp now owns 98,914 shares of the industrial products company’s stock valued at $1,162,000 after purchasing an additional 4,164 shares during the period. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Twin Disc Company Profile

Twin Disc, Incorporated engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal products include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.