Twin Disc (NASDAQ:TWIN) Now Covered by StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Twin Disc (NASDAQ:TWINGet Rating) in a note issued to investors on Tuesday. The brokerage set a “buy” rating on the industrial products company’s stock.

Twin Disc stock opened at $8.50 on Tuesday. The firm has a market cap of $116.04 million, a price-to-earnings ratio of -9.04 and a beta of 1.62. Twin Disc has a 52 week low of $8.35 and a 52 week high of $18.20. The business’s 50-day moving average price is $12.23 and its 200 day moving average price is $12.72. The company has a quick ratio of 0.83, a current ratio of 2.37 and a debt-to-equity ratio of 0.34.

Twin Disc (NASDAQ:TWINGet Rating) last posted its earnings results on Friday, April 29th. The industrial products company reported $0.17 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.19. The firm had revenue of $59.29 million for the quarter, compared to analyst estimates of $69.20 million. Twin Disc had a positive return on equity of 1.03% and a negative net margin of 5.31%. During the same period last year, the company earned $0.01 earnings per share. Equities analysts expect that Twin Disc will post 0.22 EPS for the current year.

Institutional investors have recently bought and sold shares of the company. Gabelli Funds LLC increased its holdings in Twin Disc by 1.1% in the 4th quarter. Gabelli Funds LLC now owns 300,262 shares of the industrial products company’s stock worth $3,291,000 after acquiring an additional 3,250 shares in the last quarter. Heartland Advisors Inc. increased its holdings in Twin Disc by 5.5% in the 4th quarter. Heartland Advisors Inc. now owns 410,738 shares of the industrial products company’s stock worth $4,502,000 after acquiring an additional 21,299 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Twin Disc by 9.0% in the 3rd quarter. Renaissance Technologies LLC now owns 90,693 shares of the industrial products company’s stock worth $967,000 after acquiring an additional 7,500 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in Twin Disc by 1.9% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,502,209 shares of the industrial products company’s stock worth $16,464,000 after acquiring an additional 28,294 shares in the last quarter. Finally, EAM Investors LLC purchased a new stake in Twin Disc in the 1st quarter worth $1,052,000. Institutional investors and hedge funds own 61.35% of the company’s stock.

About Twin Disc (Get Rating)

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. It operates through two segments, Manufacturing and Distribution. The company's products include marine transmissions, azimuth drives, 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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