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

Key Points

• Twin Disc has been upgraded from a "hold" to a "strong-buy" rating by Wall Street Zen, indicating a positive shift in analyst sentiment.
• The company reported a quarterly EPS of $0.10, missing estimates by $0.16, despite exceeding revenue expectations with $96.68 million in revenue.
• Institutional investors hold 65.25% of Twin Disc's shares, with notable increases in positions from several major investment firms during the second quarter.

Wall Street Zen upgraded shares of Twin Disc (NASDAQ:TWIN - Free Report) from a hold rating to a strong-buy rating in a report published on Saturday.

Twin Disc Trading Up 1.1%

Shares of TWIN traded up $0.15 during mid-day trading on Friday, reaching $13.46. The company had a trading volume of 14,385 shares, compared to its average volume of 63,021. The stock has a market cap of $193.69 million, a price-to-earnings ratio of -96.14 and a beta of 0.86. The firm has a fifty day simple moving average of $10.53 and a 200-day simple moving average of $8.67. Twin Disc has a fifty-two week low of $6.16 and a fifty-two week high of $13.80. The company has a current ratio of 1.96, a quick ratio of 0.75 and a debt-to-equity ratio of 0.17.

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

Twin Disc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Monday, August 18th were issued a $0.04 dividend. The ex-dividend date was Monday, August 18th. This represents a $0.16 dividend on an annualized basis and a yield of 1.2%. Twin Disc's payout ratio is currently -114.29%.

Hedge Funds Weigh In On Twin Disc

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWIN. Gamco Investors INC. ET AL raised its stake in shares of Twin Disc by 3.5% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,732,799 shares of the industrial products company's stock valued at $15,301,000 after purchasing an additional 59,000 shares in the last quarter. Ameriprise Financial Inc. raised its stake in 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 worth $3,878,000 after acquiring an additional 417,590 shares during the period. Gabelli Funds LLC increased its stake in shares of Twin Disc by 0.5% in the second quarter. Gabelli Funds LLC now owns 387,524 shares of the industrial products company's stock valued at $3,422,000 after purchasing an additional 2,000 shares during the period. Grace & White Inc. NY increased its stake in shares of Twin Disc by 5.7% in the second quarter. Grace & White Inc. NY now owns 284,529 shares of the industrial products company's stock valued at $2,512,000 after purchasing an additional 15,282 shares during the period. Finally, Peapod Lane Capital LLC acquired a new stake in shares of Twin Disc in the second quarter valued at approximately $1,202,000. 65.25% of the stock is 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.