Twin Disc, Incorporated (NASDAQ:TWIN) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Brokerages have set a 1 year consensus target price of $28.00 for the company and are anticipating 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 67 out of 265 based on the ratings given to its competitors.
Several research analysts have issued reports on the company. Robert W. Baird reiterated a “hold” rating and issued a $28.00 price objective on shares of Twin Disc in a research report on Tuesday, January 9th. BidaskClub lowered Twin Disc from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Finally, Zacks Investment Research lowered Twin Disc from a “strong-buy” rating to a “hold” rating in a report on Saturday, December 30th.
Twin Disc (TWIN) traded down $0.71 during trading on Friday, hitting $29.89. The stock had a trading volume of 38,209 shares, compared to its average volume of 50,230. Twin Disc has a twelve month low of $14.81 and a twelve month high of $31.95. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.12 and a quick ratio of 1.42. The stock has a market capitalization of $363.29, a PE ratio of 1,567.00 and a beta of 1.73.
Twin Disc (NASDAQ:TWIN) last released its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.29 EPS for the quarter. The business had revenue of $45.06 million during the quarter, compared to analysts’ expectations of $45.90 million. Twin Disc had a positive return on equity of 0.27% and a negative net margin of 0.12%. The company’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.24) earnings per share. sell-side analysts expect that Twin Disc will post 0.58 EPS for the current fiscal year.
In related news, CFO Jeffrey Scott Knutson sold 1,750 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $28.21, for a total transaction of $49,367.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Denise Wilcox sold 5,000 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $27.25, for a total value of $136,250.00. Following the transaction, the vice president now owns 33,513 shares in the company, valued at $913,229.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,250 shares of company stock worth $304,988. Corporate insiders own 27.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL lifted its position in Twin Disc by 9.8% during the third quarter. Gamco Investors INC. ET AL now owns 1,342,651 shares of the industrial products company’s stock worth $24,987,000 after buying an additional 119,838 shares during the period. Neuberger Berman Group LLC lifted its position in Twin Disc by 4.6% during the third quarter. Neuberger Berman Group LLC now owns 619,446 shares of the industrial products company’s stock worth $11,528,000 after buying an additional 27,476 shares during the period. Dimensional Fund Advisors LP lifted its position 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 buying an additional 25,262 shares during the period. Vanguard Group Inc. lifted its position in Twin Disc by 6.5% during the second quarter. Vanguard Group Inc. now owns 364,738 shares of the industrial products company’s stock worth $5,887,000 after buying an additional 22,400 shares during the period. Finally, Morgan Dempsey Capital Management LLC lifted its position in Twin Disc by 2.4% during the third quarter. Morgan Dempsey Capital Management LLC now owns 106,908 shares of the industrial products company’s stock worth $1,967,000 after buying an additional 2,525 shares during the period. Hedge funds and other institutional investors own 52.48% of the company’s stock.
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About Twin Disc
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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