Shares of Twin Disc, Incorporated (NASDAQ:TWIN) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Analysts have set a 1 year consensus price target of $28.00 for the company and are forecasting that the company will post $0.03 earnings per share for the current quarter, according to Zacks. Zacks has also given Twin Disc an industry rank of 105 out of 265 based on the ratings given to related companies.
TWIN has been the topic of a number of research analyst reports. Robert W. Baird restated a “hold” rating and issued a $28.00 price target on shares of Twin Disc in a report on Tuesday. Zacks Investment Research raised shares of Twin Disc from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research note on Thursday, November 2nd. Finally, BidaskClub lowered shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 30th.
Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.29 earnings per share for the quarter. Twin Disc had a negative net margin of 0.12% and a positive return on equity of 0.27%. The business had revenue of $45.06 million for the quarter, compared to the consensus estimate of $45.90 million. During the same quarter in the previous year, the firm earned ($0.24) earnings per share. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. equities analysts predict that Twin Disc will post 0.58 EPS for the current fiscal year.
In other Twin Disc news, Director David R. Zimmer sold 1,500 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $24.96, for a total value of $37,440.00. Following the transaction, the director now owns 31,868 shares in the company, valued at approximately $795,425.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey Scott Knutson sold 1,750 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $28.21, for a total value of $49,367.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,250 shares of company stock worth $304,988. 27.50% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC grew its position in Twin Disc by 4.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 619,446 shares of the industrial products company’s stock valued at $11,528,000 after acquiring an additional 27,476 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Twin Disc by 15.7% during the third quarter. California Public Employees Retirement System now owns 59,696 shares of the industrial products company’s stock worth $1,111,000 after buying an additional 8,096 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Twin Disc by 4.3% during the third quarter. Dimensional Fund Advisors LP now owns 615,564 shares of the industrial products company’s stock worth $11,456,000 after purchasing an additional 25,262 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Twin Disc by 14.4% in the third quarter. Wells Fargo & Company MN now owns 32,108 shares of the industrial products company’s stock valued at $597,000 after buying an additional 4,048 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Twin Disc in the third quarter valued at approximately $608,000. 52.58% of the stock is owned by institutional investors.
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Twin Disc Company Profile
Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates through two segments: manufacturing and distribution. Its products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems.
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