Twin Disc, Incorporated (TWIN) Raised to “C-” at TheStreet
A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Twin Disc, from a hold rating to a sell rating in a research report on Wednesday, July 5th. Seaport Global Securities cut shares of Twin Disc, from a buy rating to a neutral rating and set a $24.00 target price for the company. in a research report on Wednesday, June 21st.
Twin Disc, (NASDAQ TWIN) opened at 17.36 on Monday. The stock has a 50 day moving average of $17.19 and a 200 day moving average of $17.97. Twin Disc, has a 12-month low of $9.95 and a 12-month high of $21.75. The firm’s market capitalization is $199.97 million.
Twin Disc, (NASDAQ:TWIN) last announced its quarterly earnings data on Friday, August 4th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.08. Twin Disc, had a negative net margin of 3.74% and a negative return on equity of 5.15%. The company had revenue of $53.59 million during the quarter, compared to analysts’ expectations of $49.65 million. During the same quarter in the prior year, the company posted ($0.01) EPS. The business’s revenue was up 25.7% on a year-over-year basis. Equities research analysts anticipate that Twin Disc, will post $0.01 earnings per share for the current year.
Large investors have recently made changes to their positions in the company. California State Teachers Retirement System purchased a new stake in shares of Twin Disc, during the second quarter worth about $244,000. State Street Corp purchased a new stake in shares of Twin Disc, during the second quarter worth about $1,406,000. Dimensional Fund Advisors LP boosted its stake in shares of Twin Disc, by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 590,302 shares of the industrial products company’s stock worth $9,527,000 after buying an additional 10,605 shares during the period. Advisor Group Inc. boosted its stake in shares of Twin Disc, by 3.4% in the second quarter. Advisor Group Inc. now owns 14,650 shares of the industrial products company’s stock worth $236,000 after buying an additional 479 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of Twin Disc, by 9.1% in the second quarter. California Public Employees Retirement System now owns 51,600 shares of the industrial products company’s stock worth $833,000 after buying an additional 4,300 shares during the period. Institutional investors and hedge funds own 49.34% of the company’s stock.
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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