Twin Disc (NASDAQ:TWIN) Cut to "Hold" at StockNews.com

Twin Disc (NASDAQ:TWIN - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "hold" rating in a research report issued on Friday.

Separately, Longbow Research assumed coverage on Twin Disc in a research report on Thursday, April 17th. They set a "buy" rating and a $12.00 price target for the company.

Twin Disc Stock Performance

Shares of TWIN traded down $0.32 during mid-day trading on Friday, reaching $7.12. The company had a trading volume of 28,774 shares, compared to its average volume of 43,215. The stock has a 50 day moving average of $7.30 and a two-hundred day moving average of $9.75. Twin Disc has a 52-week low of $6.16 and a 52-week high of $14.98. The stock has a market capitalization of $100.73 million, a P/E ratio of 10.63 and a beta of 0.76. The company has a quick ratio of 0.86, a current ratio of 2.11 and a debt-to-equity ratio of 0.15.

Twin Disc (NASDAQ:TWIN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.32). Twin Disc had a net margin of 2.92% and a return on equity of 4.24%. The company had revenue of $812.42 million during the quarter, compared to analyst estimates of $93.30 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its holdings in Twin Disc by 19.4% in the first quarter. Goldman Sachs Group Inc. now owns 41,712 shares of the industrial products company's stock valued at $316,000 after purchasing an additional 6,774 shares during the period. Gamco Investors INC. ET AL lifted its holdings in Twin Disc by 2.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,673,799 shares of the industrial products company's stock worth $12,671,000 after buying an additional 43,647 shares during the last quarter. Nuveen LLC purchased a new stake in Twin Disc during the 1st quarter worth about $114,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Twin Disc by 12.6% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 59,839 shares of the industrial products company's stock worth $453,000 after buying an additional 6,714 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Twin Disc by 12.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 35,531 shares of the industrial products company's stock worth $269,000 after buying an additional 3,796 shares during the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Twin Disc Company Profile

Twin Disc, Incorporated engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal products include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.