Twin Disc (NASDAQ:TWIN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Twin Disc (NASDAQ:TWIN) from a hold rating to a buy rating in a report issued on Sunday.

TWIN has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Twin Disc in a research note on Wednesday, October 8th. Zacks Research raised Twin Disc to a “hold” rating in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Twin Disc presently has an average rating of “Hold” and a consensus price target of $12.00.

Twin Disc Stock Performance

Shares of TWIN opened at $17.23 on Friday. The firm has a market cap of $247.94 million, a price-to-earnings ratio of 861.50 and a beta of 0.67. The company has a quick ratio of 0.79, a current ratio of 2.08 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $16.01 and its two-hundred day moving average is $13.38. Twin Disc has a 52-week low of $6.16 and a 52-week high of $17.49.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings results on Wednesday, November 5th. The industrial products company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). Twin Disc had a return on equity of 0.23% and a net margin of 0.10%.The company had revenue of $80.00 million for the quarter, compared to analyst estimates of $98.60 million.

Twin Disc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, November 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.9%. Twin Disc’s payout ratio is currently 800.00%.

Institutional Investors Weigh In On Twin Disc

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of Twin Disc by 28.6% in the third quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock worth $75,000 after buying an additional 1,193 shares during the last quarter. Strs Ohio bought a new stake in shares of Twin Disc in the 1st quarter valued at approximately $74,000. Huntington National Bank grew its position in Twin Disc by 500,000.0% in the second quarter. Huntington National Bank now owns 10,002 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 10,000 shares during the period. Corton Capital Inc. acquired a new stake in shares of Twin Disc during the 2nd quarter worth about $93,000. Finally, Ritholtz Wealth Management bought a new position in shares of Twin Disc in the third quarter valued at approximately $187,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Twin Disc Company Profile

Twin Disc, Inc (NASDAQ: TWIN) is a global designer and manufacturer of power transmission equipment for marine and industrial applications. Headquartered in Racine, Wisconsin, the company develops a range of mechanical and digital solutions that control power delivery in demanding environments. Its portfolio includes marine gears, power take-offs, clutches, brakes, transmissions and controllable pitch propeller systems engineered to withstand heavy loads and corrosive conditions.

In addition to original equipment manufacturing, Twin Disc offers aftermarket parts and services, including maintenance, repair and overhaul support through a network of service centers worldwide.