Twin Disc (TWIN) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Twin Disc (NASDAQ:TWIN) from a strong-buy rating to a hold rating in a research note issued to investors on Friday.

According to Zacks, “TWIN DISC, INC. designs, manufactures and sells heavy duty off-highway power transmission equipment. Products offered include: hydraulic torque converters; power-shift transmissions; marine transmissions and surface drives; universal joints; gas turbine starting drives; power take-offs and reduction gears; industrial clutches; fluid couplings and control systems. Principal markets are: construction equipment, industrial equipment, government, marine, energy and natural resources and agriculture. “

Other research analysts have also issued reports about the company. BidaskClub lowered Twin Disc from a sell rating to a strong sell rating in a report on Wednesday, August 29th. ValuEngine cut Twin Disc from a buy rating to a hold rating in a research note on Friday, June 15th.

NASDAQ:TWIN traded up $0.42 during midday trading on Friday, reaching $20.67. The company had a trading volume of 51,081 shares, compared to its average volume of 42,134. The firm has a market cap of $301.09 million, a PE ratio of 14.98 and a beta of 1.90. Twin Disc has a 12-month low of $19.30 and a 12-month high of $31.95. The company has a current ratio of 2.55, a quick ratio of 1.21 and a debt-to-equity ratio of 0.03.

Twin Disc (NASDAQ:TWIN) last released its earnings results on Monday, August 6th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.19. The firm had revenue of $73.77 million during the quarter, compared to analyst estimates of $74.00 million. Twin Disc had a return on equity of 11.79% and a net margin of 3.96%. Equities analysts forecast that Twin Disc will post 1.76 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Gabelli Funds LLC raised its stake in Twin Disc by 3.9% in the second quarter. Gabelli Funds LLC now owns 331,405 shares of the industrial products company’s stock valued at $8,225,000 after buying an additional 12,305 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in Twin Disc by 9.8% in the second quarter. Gamco Investors INC. ET AL now owns 1,455,771 shares of the industrial products company’s stock valued at $36,132,000 after buying an additional 129,778 shares in the last quarter. Algert Global LLC raised its stake in Twin Disc by 56.5% in the second quarter. Algert Global LLC now owns 39,343 shares of the industrial products company’s stock valued at $976,000 after buying an additional 14,199 shares in the last quarter. Chicago Equity Partners LLC raised its stake in Twin Disc by 79.0% in the second quarter. Chicago Equity Partners LLC now owns 32,250 shares of the industrial products company’s stock valued at $800,000 after buying an additional 14,235 shares in the last quarter. Finally, Rhumbline Advisers acquired a new stake in Twin Disc in the second quarter valued at $232,000. Institutional investors own 52.80% of the company’s stock.

About Twin Disc

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. The company operates through two segments, Manufacturing and Distribution. Its products include marine transmissions, surface drives, propellers, and boat management systems; and power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.

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