Twin Disc (NASDAQ:TWIN) Stock Rating Lowered by Wall Street Zen

Key Points

• Twin Disc has been downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, reflecting a shift in analyst perspective on the stock.
• Weiss Ratings has reiterated a "sell (d+)" rating, indicating mixed opinions among analysts, with one favorable rating (Buy) and one unfavorable (Sell) currently reported.
• The company's recent quarterly report showed a revenue of $96.68 million but fell short of the expected earnings per share (EPS) of $0.26, posting just $0.10.

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

Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of Twin Disc in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $12.00.

Twin Disc Price Performance

Twin Disc stock opened at $14.45 on Friday. Twin Disc has a 12 month low of $6.16 and a 12 month high of $15.12. The company has a current ratio of 1.96, a quick ratio of 0.75 and a debt-to-equity ratio of 0.17. The business's 50 day simple moving average is $12.75 and its 200 day simple moving average is $9.56. The company has a market cap of $207.94 million, a price-to-earnings ratio of -103.21 and a beta of 0.81.

Twin Disc (NASDAQ:TWIN - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The industrial products company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.16). Twin Disc had a negative net margin of 0.56% and a negative return on equity of 1.22%. The firm had revenue of $96.68 million during the quarter, compared to analysts' expectations of $93.00 million.

Institutional Investors Weigh In On Twin Disc

Institutional investors have recently made changes to their positions in the stock. Strs Ohio purchased a new stake in shares of Twin Disc during the first quarter worth $74,000. Huntington National Bank lifted its position in shares of Twin Disc by 500,000.0% during the second quarter. Huntington National Bank now owns 10,002 shares of the industrial products company's stock worth $88,000 after acquiring an additional 10,000 shares in the last quarter. Corton Capital Inc. purchased a new stake in shares of Twin Disc during the second quarter worth $93,000. Nuveen LLC purchased a new stake in shares of Twin Disc during the first quarter worth $114,000. Finally, Bank of America Corp DE lifted its position in shares of Twin Disc by 40.9% during the second quarter. Bank of America Corp DE now owns 15,811 shares of the industrial products company's stock worth $140,000 after acquiring an additional 4,590 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

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.

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