Wall Street Zen Downgrades Twin Disc (NASDAQ:TWIN) to Buy

Twin Disc (NASDAQ:TWIN) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Twin Disc in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $12.00.

Twin Disc Stock Performance

TWIN stock opened at $14.45 on Friday. The firm has a 50 day simple moving average of $12.75 and a 200 day simple moving average of $9.59. Twin Disc has a 52 week low of $6.16 and a 52 week high of $15.12. The stock has a market cap of $207.94 million, a P/E ratio of -103.21 and a beta of 0.81. 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 (NASDAQ:TWIN) last released its earnings results on Thursday, August 21st. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.16). Twin Disc had a negative return on equity of 1.22% and a negative net margin of 0.56%.The company had revenue of $96.68 million during the quarter, compared to analysts’ expectations of $93.00 million.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TWIN. Ameriprise Financial Inc. grew its stake in 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 buying an additional 417,590 shares during the last quarter. Peapod Lane Capital LLC bought a new stake in Twin Disc during the second quarter valued at about $1,202,000. IFP Advisors Inc acquired a new stake in shares of Twin Disc in the first quarter valued at about $805,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Twin Disc in the second quarter worth about $566,000. Finally, Mink Brook Asset Management LLC bought a new position in shares of Twin Disc in the second quarter worth about $543,000. 65.25% of the stock is owned by 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.