Twin Disc (NASDAQ:TWIN) Rating Increased to Strong-Buy at Wall Street Zen

Key Points

• Twin Disc was upgraded by Wall Street Zen from “buy” to “strong-buy”, and Weiss Ratings also lifted its view from “hold” to “buy.”
• The stock recently traded at $19.23, near its 52-week high of $19.67, with a market cap of about $277.3 million and a price-to-earnings ratio of 10.45.
• In its latest earnings report, Twin Disc missed EPS expectations at $0.23 versus $0.25 forecast, though revenue of $96.69 million topped estimates; institutional ownership remains high at 65.25%.

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 released on Saturday.

Separately, Weiss Ratings upgraded Twin Disc from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Twin Disc Stock Performance

Shares of NASDAQ TWIN opened at $19.23 on Friday. The company has a quick ratio of 0.75, a current ratio of 2.09 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $277.30 million, a price-to-earnings ratio of 10.45 and a beta of 0.71. The stock's fifty day simple moving average is $16.62 and its 200 day simple moving average is $16.56. Twin Disc has a 52-week low of $6.90 and a 52-week high of $19.67.

Twin Disc (NASDAQ:TWIN - Get Free Report) last issued its earnings results on Wednesday, May 6th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The company had revenue of $96.69 million during the quarter, compared to analyst estimates of $94.70 million. Twin Disc had a return on equity of 2.77% and a net margin of 7.32%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TWIN. Ameriprise Financial Inc. grew its holdings in shares of Twin Disc by 1,928.7% during the second quarter. Ameriprise Financial Inc. now owns 439,241 shares of the industrial products company's stock valued at $3,878,000 after buying an additional 417,590 shares in the last quarter. Mink Brook Asset Management LLC grew its holdings in shares of Twin Disc by 385.8% during the third quarter. Mink Brook Asset Management LLC now owns 298,520 shares of the industrial products company's stock valued at $4,161,000 after buying an additional 237,073 shares in the last quarter. Teton Advisors LLC purchased a new position in shares of Twin Disc during the third quarter valued at $1,359,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Twin Disc by 105.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 180,119 shares of the industrial products company's stock valued at $3,004,000 after buying an additional 92,284 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Twin Disc by 132.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 149,035 shares of the industrial products company's stock valued at $2,078,000 after buying an additional 84,908 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

About Twin Disc

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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