Twin Disc, Incorporated (NASDAQ:TWIN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday, August 5th.
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. “
Separately, Seaport Global Securities lowered Twin Disc, from a “buy” rating to a “neutral” rating and set a $24.00 price objective for the company. in a research note on Wednesday, June 21st.
Shares of Twin Disc, (TWIN) traded up 2.19% during trading on Friday, reaching $17.30. The company’s stock had a trading volume of 48,196 shares. Twin Disc, has a one year low of $9.95 and a one year high of $21.75. The company’s market capitalization is $199.28 million. The firm’s 50-day moving average price is $17.08 and its 200-day moving average price is $17.98.
Twin Disc, (NASDAQ:TWIN) last announced its earnings results on Friday, August 4th. The industrial products company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.08. The business had revenue of $53.59 million during the quarter, compared to analyst estimates of $49.65 million. Twin Disc, had a negative net margin of 3.74% and a negative return on equity of 5.15%. The company’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.01) EPS. On average, equities analysts anticipate that Twin Disc, will post $0.01 earnings per share for the current year.
In other Twin Disc, news, Director Janet Plaut Giesselman sold 5,886 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $17.99, for a total transaction of $105,889.14. Following the completion of the transaction, the director now owns 6,027 shares of the company’s stock, valued at approximately $108,425.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 26.80% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of TWIN. Dimensional Fund Advisors LP raised its stake in Twin Disc, by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 567,441 shares of the industrial products company’s stock worth $8,285,000 after buying an additional 12,975 shares during the period. Skylands Capital LLC raised its stake in Twin Disc, by 430.9% in the first quarter. Skylands Capital LLC now owns 70,000 shares of the industrial products company’s stock worth $1,440,000 after buying an additional 56,814 shares during the period. US Bancorp DE raised its stake in Twin Disc, by 0.8% in the first quarter. US Bancorp DE now owns 40,939 shares of the industrial products company’s stock worth $842,000 after buying an additional 318 shares during the period. Bank of New York Mellon Corp raised its position in shares of Twin Disc, by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 44,767 shares of the industrial products company’s stock worth $921,000 after buying an additional 526 shares during the period. Finally, Teton Advisors Inc. raised its position in shares of Twin Disc, by 8.4% in the first quarter. Teton Advisors Inc. now owns 336,069 shares of the industrial products company’s stock worth $6,913,000 after buying an additional 26,069 shares during the period. 45.83% of the stock is currently owned by institutional investors.
About Twin Disc,
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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