Twin Disc (TWIN) Stock Rating Lowered by BidaskClub
Twin Disc (NASDAQ:TWIN) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.
A number of other research analysts have also issued reports on the company. Robert W. Baird restated a “hold” rating on shares of Twin Disc in a research report on Friday, February 2nd. Zacks Investment Research lowered Twin Disc from a “strong-buy” rating to a “hold” rating in a research report on Saturday, December 30th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Twin Disc currently has an average rating of “Hold” and an average price target of $25.67.
Shares of Twin Disc (TWIN) opened at $26.69 on Friday. Twin Disc has a twelve month low of $14.81 and a twelve month high of $31.95. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.12 and a quick ratio of 1.42. The firm has a market capitalization of $309.39, a P/E ratio of -222.42 and a beta of 1.55.
In related news, CFO Jeffrey Scott Knutson sold 1,750 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $28.21, for a total transaction of $49,367.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Denise Wilcox sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $27.25, for a total value of $136,250.00. Following the transaction, the vice president now owns 33,513 shares of the company’s stock, valued at approximately $913,229.25. The disclosure for this sale can be found here. Insiders have sold a total of 9,750 shares of company stock valued at $267,548 in the last 90 days. Insiders own 27.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors boosted its position in Twin Disc by 229.5% during the 2nd quarter. Nationwide Fund Advisors now owns 6,590 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 4,590 shares during the period. New York State Common Retirement Fund acquired a new position in Twin Disc during the 2nd quarter worth $147,000. Rhumbline Advisers acquired a new position in Twin Disc during the 2nd quarter worth $163,000. Advisor Group Inc. boosted its position in Twin Disc by 3.4% during the 2nd quarter. Advisor Group Inc. now owns 14,650 shares of the industrial products company’s stock worth $236,000 after acquiring an additional 479 shares during the period. Finally, California State Teachers Retirement System acquired a new position in Twin Disc during the 2nd quarter worth $244,000. Institutional investors and hedge funds own 51.83% 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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