Twin Disc's (TWIN) "Sell (D+)" Rating Reiterated at Weiss Ratings

Key Points

• Twin Disc's stock has been rated as "sell (D+)" by Weiss Ratings, reiterating concerns over its performance.
• The company's shares were downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen amidst mixed analyst sentiments.
• Twin Disc reported a quarterly earnings miss with an EPS of $0.10, falling short of the estimated $0.26, and is currently facing a negative net margin of 0.56%.

Twin Disc (NASDAQ:TWIN - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of Twin Disc from a "strong-buy" rating to a "buy" rating in a research note on Saturday, October 18th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Twin Disc currently has a consensus rating of "Hold" and a consensus target price of $12.00.

Twin Disc Stock Performance

Shares of TWIN stock traded up $0.40 on Friday, hitting $16.22. The company's stock had a trading volume of 22,861 shares, compared to its average volume of 41,883. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.75 and a current ratio of 1.96. The stock's 50 day moving average is $13.43 and its 200-day moving average is $9.86. Twin Disc has a fifty-two week low of $6.16 and a fifty-two week high of $16.31. The company has a market capitalization of $233.41 million, a PE ratio of -115.85 and a beta of 0.81.

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 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 business had revenue of $96.68 million during the quarter, compared to analyst estimates of $93.00 million.

Institutional Investors Weigh In On Twin Disc

Large investors have recently bought and sold shares of the company. Strs Ohio acquired a new stake in Twin Disc during the first quarter worth about $74,000. Huntington National Bank boosted its stake in shares of Twin Disc by 500,000.0% in the 2nd quarter. Huntington National Bank now owns 10,002 shares of the industrial products company's stock valued at $88,000 after purchasing an additional 10,000 shares in the last quarter. Corton Capital Inc. acquired a new stake in shares of Twin Disc in the 2nd quarter valued at approximately $93,000. Nuveen LLC acquired a new stake in shares of Twin Disc in the 1st quarter valued at approximately $114,000. Finally, Bank of America Corp DE boosted its stake in shares of Twin Disc by 40.9% in the 2nd quarter. Bank of America Corp DE now owns 15,811 shares of the industrial products company's stock valued at $140,000 after purchasing an additional 4,590 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.