Twin Disc (NASDAQ:TWIN) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Twin Disc (NASDAQ:TWIN) from a buy rating to a hold rating in a research report released on Saturday morning.

Other equities analysts have also recently issued reports about the stock. Zacks Research upgraded shares of Twin Disc to a “hold” rating in a research report on Tuesday, December 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Twin Disc in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Twin Disc currently has an average rating of “Hold” and an average price target of $12.00.

Twin Disc Stock Performance

NASDAQ:TWIN opened at $16.20 on Friday. The company has a market cap of $233.12 million, a price-to-earnings ratio of 810.00 and a beta of 0.67. Twin Disc has a fifty-two week low of $6.16 and a fifty-two week high of $17.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.79 and a current ratio of 2.08. The stock has a fifty day moving average price of $15.85 and a 200-day moving average price of $12.93.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings results on Wednesday, November 5th. The industrial products company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). Twin Disc had a return on equity of 0.23% and a net margin of 0.10%.The company had revenue of $80.00 million during the quarter, compared to the consensus estimate of $98.60 million.

Twin Disc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, November 17th. This represents a $0.16 annualized dividend and a dividend yield of 1.0%. Twin Disc’s dividend payout ratio is 800.00%.

Institutional Trading of Twin Disc

A number of hedge funds have recently made changes to their positions in TWIN. JPMorgan Chase & Co. grew its holdings in Twin Disc by 28.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 1,193 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Twin Disc by 1.1% during the third quarter. IFP Advisors Inc now owns 108,408 shares of the industrial products company’s stock worth $1,512,000 after purchasing an additional 1,206 shares during the period. First Trust Advisors LP grew its stake in shares of Twin Disc by 4.1% in the second quarter. First Trust Advisors LP now owns 35,168 shares of the industrial products company’s stock worth $311,000 after purchasing an additional 1,378 shares during the last quarter. Peapod Lane Capital LLC grew its stake in shares of Twin Disc by 1.1% in the third quarter. Peapod Lane Capital LLC now owns 137,619 shares of the industrial products company’s stock worth $1,919,000 after purchasing an additional 1,487 shares during the last quarter. Finally, Gabelli Funds LLC increased its holdings in Twin Disc by 0.5% in the second quarter. Gabelli Funds LLC now owns 387,524 shares of the industrial products company’s stock valued at $3,422,000 after purchasing an additional 2,000 shares during the period. 65.25% of the stock is owned by institutional investors and hedge funds.

Twin Disc Company Profile

Twin Disc, Inc (NASDAQ: TWIN) is a global designer and manufacturer of power transmission equipment for marine and industrial applications. Headquartered in Racine, Wisconsin, the company develops a range of mechanical and digital solutions that control power delivery in demanding environments. Its portfolio includes marine gears, power take-offs, clutches, brakes, transmissions and controllable pitch propeller systems engineered to withstand heavy loads and corrosive conditions.

In addition to original equipment manufacturing, Twin Disc offers aftermarket parts and services, including maintenance, repair and overhaul support through a network of service centers worldwide.