Lake Street Capital Begins Coverage on Twin Disc (NASDAQ:TWIN)

Analysts at Lake Street Capital began coverage on shares of Twin Disc (NASDAQ:TWIN) in a report issued on Thursday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $30.00 price target on the industrial products company’s stock. Lake Street Capital’s target price suggests a potential upside of 41.18% from the company’s previous close.

TWIN has been the topic of several other research reports. Wall Street Zen cut shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. Weiss Ratings upgraded shares of Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.00.

Twin Disc Stock Performance

Shares of Twin Disc stock opened at $21.25 on Thursday. Twin Disc has a one year low of $8.03 and a one year high of $24.50. The company has a market cap of $306.43 million, a price-to-earnings ratio of 11.55 and a beta of 0.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 2.09. The business’s 50 day moving average price is $19.33 and its 200 day moving average price is $17.80.

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

Institutional Investors Weigh In On Twin Disc

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWIN. Bank of America Corp DE lifted its stake in shares of Twin Disc by 34.7% in the 1st quarter. Bank of America Corp DE now owns 18,437 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 4,753 shares during the last quarter. Empowered Funds LLC increased its position in shares of Twin Disc by 8.5% during the 1st quarter. Empowered Funds LLC now owns 26,786 shares of the industrial products company’s stock worth $404,000 after purchasing an additional 2,099 shares during the last quarter. Gabelli Funds LLC raised its holdings in Twin Disc by 1.5% in the 1st quarter. Gabelli Funds LLC now owns 400,524 shares of the industrial products company’s stock valued at $6,036,000 after buying an additional 6,000 shares during the period. Sei Investments Co. raised its holdings in Twin Disc by 92.8% in the 1st quarter. Sei Investments Co. now owns 70,471 shares of the industrial products company’s stock valued at $1,062,000 after buying an additional 33,919 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in Twin Disc by 8.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 194,474 shares of the industrial products company’s stock valued at $2,931,000 after buying an additional 14,355 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

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.