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

Weiss Ratings reiterated their sell (d+) rating on shares of Twin Disc (NASDAQ:TWIN) in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Twin Disc from a “hold” rating to a “strong-buy” rating in a research note on Saturday, September 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.00.

Twin Disc Trading Down 2.6%

Twin Disc stock opened at $14.24 on Wednesday. The stock has a 50-day moving average of $12.19 and a two-hundred day moving average of $9.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.75 and a current ratio of 1.96. Twin Disc has a one year low of $6.16 and a one year high of $15.00. The stock has a market cap of $204.91 million, a PE ratio of -101.71 and a beta of 0.81.

Twin Disc (NASDAQ:TWIN) 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 business had revenue of $96.68 million during the quarter, compared to analysts’ expectations of $93.00 million.

Twin Disc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 18th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, August 18th. Twin Disc’s dividend payout ratio (DPR) is presently -114.29%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TWIN. Ameriprise Financial Inc. raised its position 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 valued at $3,878,000 after acquiring an additional 417,590 shares in the last quarter. Peapod Lane Capital LLC purchased a new position in Twin Disc during the second quarter valued at approximately $1,202,000. IFP Advisors Inc purchased a new position in Twin Disc during the first quarter valued at approximately $805,000. Arrowstreet Capital Limited Partnership purchased a new position in Twin Disc during the second quarter valued at approximately $566,000. Finally, Mink Brook Asset Management LLC purchased a new position in Twin Disc during the second quarter valued at approximately $543,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

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.