Twin Disc (TWIN) Lifted to Strong-Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Twin Disc (NASDAQ:TWIN) from a hold rating to a strong-buy rating in a research note issued to investors on Friday morning. They currently have $30.00 target price on the industrial products company’s stock.
According to Zacks, “TWIN DISC, INC. designs, manufactures and sells heavy duty off-highway power transmission equipment. Products offered include: hydraulic torque converters; power-shift transmissions; marine transmissions and surface drives; universal joints; gas turbine starting drives; power take-offs and reduction gears; industrial clutches; fluid couplings and control systems. Principal markets are: construction equipment, industrial equipment, government, marine, energy and natural resources and agriculture. “
Several other research analysts have also commented on TWIN. ValuEngine lowered Twin Disc from a buy rating to a hold rating in a research report on Friday, June 15th. BidaskClub upgraded Twin Disc from a strong sell rating to a sell rating in a research report on Saturday, July 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the company. The stock has an average rating of Hold and an average price target of $29.00.
Twin Disc (NASDAQ:TWIN) last released its quarterly earnings results on Monday, August 6th. The industrial products company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.19. The company had revenue of $73.77 million during the quarter, compared to analyst estimates of $74.00 million. Twin Disc had a return on equity of 12.06% and a net margin of 3.96%. analysts predict that Twin Disc will post 1.76 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Algert Global LLC purchased a new position in Twin Disc in the first quarter worth about $547,000. Wells Fargo & Company MN grew its position in Twin Disc by 36.4% in the fourth quarter. Wells Fargo & Company MN now owns 43,794 shares of the industrial products company’s stock worth $1,164,000 after acquiring an additional 11,686 shares in the last quarter. Signature Financial Management Inc. purchased a new position in Twin Disc in the first quarter worth about $217,000. Teton Advisors Inc. grew its position in Twin Disc by 5.6% in the first quarter. Teton Advisors Inc. now owns 367,407 shares of the industrial products company’s stock worth $7,987,000 after acquiring an additional 19,338 shares in the last quarter. Finally, BlackRock Inc. grew its position in Twin Disc by 7.1% in the fourth quarter. BlackRock Inc. now owns 596,314 shares of the industrial products company’s stock worth $15,845,000 after acquiring an additional 39,467 shares in the last quarter. Institutional investors own 51.23% of the company’s stock.
Twin Disc Company Profile
Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. The company operates through two segments, Manufacturing and Distribution. It offers marine transmissions, surface drives, propellers, and boat management systems; and power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.
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