Twin Disc, Incorporated (TWIN) Given Average Recommendation of “Hold” by Analysts
Twin Disc, Incorporated (NASDAQ:TWIN) has been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Analysts have set a 1-year consensus price objective of $30.00 for the company and are anticipating that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also given Twin Disc an industry rank of 103 out of 265 based on the ratings given to its competitors.
A number of analysts have commented on TWIN shares. BidaskClub lowered shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 30th. Robert W. Baird restated a “hold” rating on shares of Twin Disc in a research note on Friday, February 2nd. Finally, Zacks Investment Research lowered shares of Twin Disc from a “strong-buy” rating to a “hold” rating in a research note on Saturday, December 30th.
Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings results on Friday, February 2nd. The industrial products company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.05. The business had revenue of $56.55 million during the quarter, compared to analyst estimates of $51.50 million. Twin Disc had a negative net margin of 0.70% and a positive return on equity of 2.92%. Twin Disc’s quarterly revenue was up 68.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.26) EPS. equities research analysts anticipate that Twin Disc will post 0.44 EPS for the current fiscal year.
In other Twin Disc news, VP Denise Wilcox sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $27.25, for a total transaction of $136,250.00. Following the completion of the sale, the vice president now owns 33,513 shares in the company, valued at approximately $913,229.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 27.50% of the company’s stock.
A number of hedge funds have recently made changes to their positions in TWIN. Gamco Investors INC. ET AL boosted its holdings in Twin Disc by 9.8% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,342,651 shares of the industrial products company’s stock worth $24,987,000 after acquiring an additional 119,838 shares during the last quarter. State Street Corp purchased a new position in Twin Disc during the 2nd quarter worth $1,406,000. Northern Trust Corp boosted its holdings in Twin Disc by 243.0% during the 2nd quarter. Northern Trust Corp now owns 106,518 shares of the industrial products company’s stock worth $1,720,000 after acquiring an additional 75,460 shares during the last quarter. BlackRock Inc. boosted its holdings in Twin Disc by 7.1% during the 4th quarter. BlackRock Inc. now owns 596,314 shares of the industrial products company’s stock worth $15,845,000 after acquiring an additional 39,467 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Twin Disc during the 3rd quarter worth $608,000. Institutional investors and hedge funds own 51.56% 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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