Twin Disc (NASDAQ:TWIN) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Twin Disc (NASDAQ:TWIN) from a buy rating to a strong-buy rating in a research note published on Saturday.

Separately, Weiss Ratings upgraded Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Twin Disc currently has a consensus rating of “Moderate Buy”.

Twin Disc Stock Performance

NASDAQ:TWIN opened at $19.23 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.75 and a current ratio of 2.09. Twin Disc has a 52-week low of $6.90 and a 52-week high of $19.67. The firm has a market cap of $277.30 million, a price-to-earnings ratio of 10.45 and a beta of 0.71. The business’s fifty day moving average is $16.62 and its 200 day moving average is $16.56.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Twin Disc had a net margin of 7.32% and a return on equity of 2.77%. The company had revenue of $96.69 million for the quarter, compared to the consensus estimate of $94.70 million.

Twin Disc Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be given a dividend of $0.04 per share. The ex-dividend date is Monday, May 18th. This represents a $0.16 annualized dividend and a dividend yield of 0.8%. Twin Disc’s dividend payout ratio is 8.70%.

Hedge Funds Weigh In On Twin Disc

Several institutional investors have recently modified their holdings of TWIN. Goldman Sachs Group Inc. increased its position in shares of Twin Disc by 19.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 41,712 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 6,774 shares during the last quarter. Strs Ohio bought a new position in shares of Twin Disc during the 1st quarter valued at about $74,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Twin Disc during the 2nd quarter valued at about $566,000. First Trust Advisors LP increased its position in shares of Twin Disc by 4.1% during the 2nd quarter. First Trust Advisors LP now owns 35,168 shares of the industrial products company’s stock valued at $311,000 after purchasing an additional 1,378 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Twin Disc during the 2nd quarter valued at about $186,000. 65.25% of the stock is currently owned by institutional investors.

About Twin Disc

Twin Disc, Inc (NASDAQ: TWIN) is a global designer and manufacturer of power transmission equipment for marine and industrial applications. Headquartered in Racine, Wisconsin, the company develops a range of mechanical and digital solutions that control power delivery in demanding environments. Its portfolio includes marine gears, power take-offs, clutches, brakes, transmissions and controllable pitch propeller systems engineered to withstand heavy loads and corrosive conditions.

In addition to original equipment manufacturing, Twin Disc offers aftermarket parts and services, including maintenance, repair and overhaul support through a network of service centers worldwide.