Twin Disc (NASDAQ:TWIN) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Twin Disc (NASDAQ:TWIN) from a buy rating to a hold rating in a research report released on Monday morning.

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

Twin Disc Trading Up 4.3%

NASDAQ:TWIN opened at $19.19 on Monday. Twin Disc has a one year low of $6.16 and a one year high of $19.33. The company has a market cap of $276.14 million, a PE ratio of 959.50 and a beta of 0.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.08 and a quick ratio of 0.79. The firm has a 50-day moving average of $16.20 and a 200-day moving average of $13.64.

Twin Disc (NASDAQ:TWIN) last posted its 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 net margin of 0.10% and a return on equity of 0.23%. The company had revenue of $80.00 million during the quarter, compared to the consensus estimate of $98.60 million.

Twin Disc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, November 17th. Twin Disc’s payout ratio is 800.00%.

Institutional Trading of Twin Disc

A number of large investors have recently bought and sold shares of TWIN. Strs Ohio purchased a new position in shares of Twin Disc during the 1st quarter valued at $74,000. JPMorgan Chase & Co. increased its holdings in Twin Disc by 28.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 1,193 shares during the last quarter. Huntington National Bank raised its stake in Twin Disc by 500,000.0% in the 2nd 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. purchased a new stake in Twin Disc during the second quarter valued at about $93,000. Finally, Bank of America Corp DE boosted its position in Twin Disc by 40.9% during the second quarter. Bank of America Corp DE now owns 15,811 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 4,590 shares during the period. 65.25% of the stock is owned by hedge funds and other institutional investors.

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.