Twin Disc (NASDAQ:TWIN) Upgraded by StockNews.com to Strong-Buy Rating

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

Twin Disc Stock Up 2.2 %

Shares of Twin Disc stock opened at $11.42 on Friday. The stock has a 50-day moving average price of $12.02 and a 200 day moving average price of $12.75. The company has a market cap of $161.02 million, a P/E ratio of 17.04 and a beta of 0.61. The company has a current ratio of 2.23, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. Twin Disc has a 1 year low of $10.83 and a 1 year high of $18.00.

Institutional Investors Weigh In On Twin Disc

Hedge funds have recently bought and sold shares of the business. EntryPoint Capital LLC purchased a new stake in Twin Disc in the 1st quarter worth about $36,000. MetLife Investment Management LLC raised its stake in shares of Twin Disc by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 3,767 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Twin Disc by 1,037.8% during the 2nd quarter. Rhumbline Advisers now owns 13,654 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 12,454 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Twin Disc during the 2nd quarter worth about $184,000. Finally, Barclays PLC raised its stake in shares of Twin Disc by 280.7% during the 3rd quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock worth $186,000 after purchasing an additional 10,959 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

About Twin Disc

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.