Wall Street Zen Upgrades Twin Disc (NASDAQ:TWIN) to Strong-Buy

Key Points

• Wall Street Zen upgraded Twin Disc to “strong-buy” from “buy,” although the broader analyst consensus remains “Hold” with a $30.00 target price.
• Twin Disc reported strong quarterly results, posting $0.64 earnings per share versus the $0.23 consensus estimate and revenue of $114.4 million, ahead of the $100.35 million forecast.
• The stock opened at $24.54, near its 12-month high of $25.50. Insiders sold $417,606 of shares over the past 90 days, while institutional investors own 65.25% of the company.

Twin Disc (NASDAQ:TWIN - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Saturday, Wall Street Zen reports.

A number of other research analysts also recently weighed in on the company. Lake Street Capital initiated coverage on Twin Disc in a report on Thursday, July 9th. They issued a "buy" rating and a $30.00 target price on the stock. Weiss Ratings downgraded Twin Disc from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Twin Disc presently has a consensus rating of "Hold" and a consensus target price of $30.00.

Twin Disc Trading Up 0.8%

NASDAQ:TWIN opened at $24.54 on Friday. The company has a market cap of $353.87 million, a PE ratio of 10.31 and a beta of 0.67. The company has a current ratio of 2.35, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of $23.33 and a two-hundred day simple moving average of $19.80. Twin Disc has a 12 month low of $12.79 and a 12 month high of $25.50.

Twin Disc (NASDAQ:TWIN - Get Free Report) last released its quarterly earnings results on Thursday, August 20th. The industrial products company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.41. Twin Disc had a return on equity of 6.78% and a net margin of 9.06%.The firm had revenue of $114.40 million for the quarter, compared to analysts' expectations of $100.35 million.

Insider Activity at Twin Disc

In other news, CFO Jeffrey Scott Knutson sold 7,482 shares of the firm's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $24.25, for a total value of $181,438.50. Following the transaction, the chief financial officer owned 164,891 shares of the company's stock, valued at $3,998,606.75. This trade represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 17,686 shares of company stock valued at $417,606 over the last 90 days. 22.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Twin Disc

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWIN. Gamco Investors INC. ET AL lifted its holdings in Twin Disc by 0.5% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,737,299 shares of the industrial products company's stock valued at $28,978,000 after purchasing an additional 8,600 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Twin Disc in the second quarter worth $17,239,000. Vanguard Group Inc. raised its position in shares of Twin Disc by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 576,549 shares of the industrial products company's stock valued at $8,037,000 after purchasing an additional 5,407 shares during the period. Ameriprise Financial Inc. raised its position in shares of Twin Disc by 1,928.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 439,241 shares of the industrial products company's stock valued at $3,878,000 after purchasing an additional 417,590 shares during the period. Finally, Gabelli Funds LLC lifted its stake in shares of Twin Disc by 1.5% during the 1st quarter. Gabelli Funds LLC now owns 400,524 shares of the industrial products company's stock valued at $6,036,000 after buying an additional 6,000 shares in the last quarter. 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.

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