Twin Disc (NASDAQ:TWIN) Earns Buy Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Twin Disc (NASDAQ:TWINGet Rating) in a research note published on Tuesday morning. The firm issued a buy rating on the industrial products company’s stock.

Shares of NASDAQ TWIN opened at $8.53 on Tuesday. The stock has a market capitalization of $116.45 million, a P/E ratio of -9.07 and a beta of 1.62. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.37 and a quick ratio of 0.83. Twin Disc has a 1 year low of $8.35 and a 1 year high of $18.20. The company’s 50-day moving average is $11.86 and its 200 day moving average is $12.63.

Twin Disc (NASDAQ:TWINGet Rating) last issued its quarterly earnings data on Friday, April 29th. The industrial products company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.19. The company had revenue of $59.29 million for the quarter, compared to the consensus estimate of $69.20 million. Twin Disc had a negative net margin of 5.31% and a positive return on equity of 1.03%. During the same quarter in the prior year, the firm earned $0.01 earnings per share. Research analysts anticipate that Twin Disc will post 0.22 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Twin Disc by 4.9% during the 1st quarter. State Street Corp now owns 34,305 shares of the industrial products company’s stock valued at $571,000 after buying an additional 1,592 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its position in shares of Twin Disc by 0.3% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 698,344 shares of the industrial products company’s stock worth $11,620,000 after buying an additional 1,920 shares during the last quarter. Gabelli Funds LLC grew its position in shares of Twin Disc by 1.1% in the 4th quarter. Gabelli Funds LLC now owns 300,262 shares of the industrial products company’s stock worth $3,291,000 after buying an additional 3,250 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Twin Disc by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 506,457 shares of the industrial products company’s stock worth $8,428,000 after buying an additional 4,079 shares during the last quarter. Finally, Royce & Associates LP grew its position in shares of Twin Disc by 0.8% in the 1st quarter. Royce & Associates LP now owns 516,587 shares of the industrial products company’s stock worth $8,596,000 after buying an additional 4,270 shares during the last quarter. Hedge funds and other institutional investors own 61.35% of the company’s stock.

Twin Disc Company Profile (Get Rating)

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. It operates through two segments, Manufacturing and Distribution. The company's 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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