StockNews.com Downgrades Twin Disc (NASDAQ:TWIN) to Hold

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 note issued to investors on Friday.

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

Twin Disc Trading Down 1.2%

Shares of TWIN stock traded down $0.09 on Friday, hitting $7.33. The company had a trading volume of 93,152 shares, compared to its average volume of 43,513. The firm has a market cap of $103.70 million, a P/E ratio of 10.94 and a beta of 0.76. The stock's 50-day moving average is $7.27 and its two-hundred day moving average is $9.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 2.11. Twin Disc has a twelve month low of $6.16 and a twelve month high of $14.98.

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

Institutional Investors Weigh In On Twin Disc

Large investors have recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division boosted its holdings in Twin Disc by 566.7% in the first quarter. Central Pacific Bank Trust Division now owns 10,000 shares of the industrial products company's stock worth $76,000 after acquiring an additional 8,500 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Twin Disc during the fourth quarter valued at approximately $101,000. Nuveen LLC purchased a new stake in shares of Twin Disc during the first quarter valued at approximately $114,000. Bank of America Corp DE increased its position in shares of Twin Disc by 75.7% during the fourth quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company's stock valued at $173,000 after acquiring an additional 6,344 shares during the last quarter. Finally, Barclays PLC increased its position in Twin Disc by 280.7% in the third quarter. Barclays PLC now owns 14,863 shares of the industrial products company's stock worth $186,000 after buying an additional 10,959 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

About Twin Disc

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.