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.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings results on Friday, February 2nd. The industrial products company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.05. Twin Disc had a positive return on equity of 2.96% and a negative net margin of 0.70%. The business had revenue of $56.55 million during the quarter, compared to the consensus estimate of $51.50 million. During the same period in the previous year, the business earned ($0.26) EPS. The business’s quarterly revenue was up 68.0% on a year-over-year basis. sell-side analysts predict that Twin Disc will post 0.44 earnings per share for the current fiscal year.

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.

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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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