Twin Disc (NASDAQ:TWIN) Upgraded by Wall Street Zen to Strong-Buy Rating

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.

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

Twin Disc Trading Down 0.1%

NASDAQ TWIN opened at $13.18 on Friday. The business's 50-day moving average price is $10.21 and its two-hundred day moving average price is $8.53. Twin Disc has a 12 month low of $6.16 and a 12 month high of $13.80. The firm has a market capitalization of $189.66 million, a PE ratio of -94.14 and a beta of 0.86. The company has a current ratio of 1.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17.

Twin Disc (NASDAQ:TWIN - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The industrial products company reported $0.10 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $96.68 million during the quarter, compared to the consensus estimate of $93.00 million.

Institutional Investors Weigh In On Twin Disc

A number of institutional investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL grew its position 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 buying an additional 59,000 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Twin Disc by 1,928.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 439,241 shares of the industrial products company's stock valued at $3,878,000 after purchasing an additional 417,590 shares during the period. Gabelli Funds LLC lifted its stake in shares of Twin Disc by 0.5% in the 2nd 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 lifted its stake in shares of Twin Disc by 5.7% in the 2nd 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 position in shares of Twin Disc in the 2nd quarter valued at about $1,202,000. 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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