Zacks Investment Research Upgrades Twin Disc, Incorporated (TWIN) to Hold
Zacks Investment Research upgraded shares of Twin Disc, Incorporated (NASDAQ:TWIN) from a sell rating to a hold rating in a report published on Saturday morning.
According to Zacks, “TWIN DISC, INC. designs, manufactures and sells heavy duty off-highway power transmission equipment. Products offered include: hydraulic torque converters; power-shift transmissions; marine transmissions and surface drives; universal joints; gas turbine starting drives; power take-offs and reduction gears; industrial clutches; fluid couplings and control systems. Principal markets are: construction equipment, industrial equipment, government, marine, energy and natural resources and agriculture. “
Separately, Seaport Global Securities lowered Twin Disc, from a buy rating to a neutral rating and set a $24.00 target price on the stock. in a research note on Wednesday, June 21st.
Twin Disc, (NASDAQ TWIN) opened at 17.26 on Friday. Twin Disc, has a 52 week low of $9.87 and a 52 week high of $21.75. The stock’s 50 day moving average price is $16.77 and its 200 day moving average price is $18.06. The stock’s market cap is $198.82 million.
Twin Disc, (NASDAQ:TWIN) last posted its earnings results on Friday, August 4th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.08. Twin Disc, had a negative return on equity of 5.15% and a negative net margin of 3.74%. The firm had revenue of $53.59 million for the quarter, compared to analyst estimates of $49.65 million. During the same quarter in the prior year, the company earned ($0.01) EPS. Twin Disc,’s revenue was up 25.7% on a year-over-year basis. On average, analysts forecast that Twin Disc, will post ($0.05) earnings per share for the current year.
In other Twin Disc, news, VP Dean Bratel sold 5,000 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $19.72, for a total value of $98,600.00. Following the sale, the vice president now owns 39,229 shares of the company’s stock, valued at approximately $773,595.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Janet Plaut Giesselman sold 5,886 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $17.99, for a total value of $105,889.14. Following the completion of the sale, the director now directly owns 6,027 shares in the company, valued at approximately $108,425.73. The disclosure for this sale can be found here. 26.80% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Twin Disc, by 1.0% in the first quarter. Vanguard Group Inc. now owns 342,338 shares of the industrial products company’s stock worth $7,042,000 after buying an additional 3,271 shares in the last quarter. Segantii Capital Management Ltd raised its stake in Twin Disc, by 570.0% in the first quarter. Segantii Capital Management Ltd now owns 13,400 shares of the industrial products company’s stock worth $276,000 after buying an additional 11,400 shares in the last quarter. Laurion Capital Management LP bought a new stake in Twin Disc, during the first quarter worth about $352,000. California Public Employees Retirement System raised its stake in Twin Disc, by 14.0% in the first quarter. California Public Employees Retirement System now owns 47,300 shares of the industrial products company’s stock worth $973,000 after buying an additional 5,800 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its stake in Twin Disc, by 1.3% in the first quarter. Neuberger Berman Group LLC now owns 614,561 shares of the industrial products company’s stock worth $12,642,000 after buying an additional 7,749 shares in the last quarter. 44.51% of the stock is currently owned by institutional investors.
Twin Disc, Company Profile
Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates through two segments: manufacturing and distribution. Its products include marine transmissions, 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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