Zacks Investment Research upgraded shares of Twin Disc (NASDAQ:TWIN) from a sell rating to a hold rating in a research note issued to investors on Tuesday 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. “

Other analysts have also issued research reports about the company. BidaskClub lowered Twin Disc from a sell rating to a strong sell rating in a report on Wednesday, August 29th. ValuEngine lowered Twin Disc from a sell rating to a strong sell rating in a report on Tuesday, November 6th. Finally, TheStreet lowered Twin Disc from a b rating to a c rating in a report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Twin Disc has a consensus rating of Hold and a consensus target price of $29.00.

TWIN opened at $15.81 on Tuesday. The company has a market capitalization of $209.79 million, a price-to-earnings ratio of 12.14 and a beta of 1.94. The company has a current ratio of 2.59, a quick ratio of 1.01 and a debt-to-equity ratio of 0.31. Twin Disc has a 12-month low of $15.37 and a 12-month high of $31.95.

Twin Disc (NASDAQ:TWIN) last released its earnings results on Monday, October 29th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.02). The business had revenue of $74.69 million during the quarter, compared to analyst estimates of $76.20 million. Twin Disc had a net margin of 3.33% and a return on equity of 10.45%. Research analysts expect that Twin Disc will post 1.64 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Gabelli Funds LLC lifted its position in shares of Twin Disc by 18.7% in the 3rd quarter. Gabelli Funds LLC now owns 393,405 shares of the industrial products company’s stock worth $9,064,000 after acquiring an additional 62,000 shares during the period. BlackRock Inc. lifted its position in shares of Twin Disc by 4.1% in the 2nd quarter. BlackRock Inc. now owns 594,020 shares of the industrial products company’s stock worth $14,744,000 after acquiring an additional 23,434 shares during the period. SevenBridge Financial Group LLC bought a new stake in shares of Twin Disc in the 3rd quarter worth approximately $108,000. Monashee Investment Management LLC bought a new stake in shares of Twin Disc in the 3rd quarter worth approximately $1,728,000. Finally, D.C. Capital Advisors Ltd bought a new stake in shares of Twin Disc in the 3rd quarter worth approximately $2,304,000. Institutional investors own 55.13% of the company’s stock.

About Twin Disc

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. The company operates through two segments, Manufacturing and Distribution. Its products include marine transmissions, surface drives, propellers, and boat management systems; and power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.

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