Twin Disc (NASDAQ:TWIN) Research Coverage Started at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Twin Disc (NASDAQ:TWINGet Rating) in a report released on Saturday. The brokerage set a “buy” rating on the industrial products company’s stock.

Separately, Oppenheimer cut shares of Twin Disc from an “outperform” rating to a “market perform” rating in a research report on Monday, November 7th.

Twin Disc Stock Up 1.7 %

Shares of NASDAQ TWIN opened at $10.70 on Friday. Twin Disc has a 12-month low of $7.91 and a 12-month high of $18.20. The stock has a market cap of $147.49 million, a PE ratio of 34.52 and a beta of 1.21. The company has a current ratio of 2.52, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $11.45 and a 200 day moving average of $10.58.

Twin Disc (NASDAQ:TWINGet Rating) last posted its quarterly earnings data on Thursday, September 1st. The industrial products company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.38. The firm had revenue of $75.97 million during the quarter, compared to analysts’ expectations of $76.30 million. Twin Disc had a net margin of 1.65% and a return on equity of 4.12%. During the same quarter last year, the company posted ($0.02) EPS. As a group, sell-side analysts predict that Twin Disc will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Twin Disc

Several large investors have recently made changes to their positions in the business. Gabelli Funds LLC boosted its holdings in shares of Twin Disc by 0.4% during the third quarter. Gabelli Funds LLC now owns 311,124 shares of the industrial products company’s stock worth $3,569,000 after purchasing an additional 1,300 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Twin Disc by 0.9% in the third quarter. Gamco Investors INC. ET AL now owns 1,538,010 shares of the industrial products company’s stock valued at $17,641,000 after purchasing an additional 13,300 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Twin Disc by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 520,407 shares of the industrial products company’s stock valued at $5,969,000 after purchasing an additional 8,617 shares during the period. US Bancorp DE raised its position in shares of Twin Disc by 85.0% in the third quarter. US Bancorp DE now owns 3,145 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 1,445 shares during the period. Finally, Grace & White Inc. NY grew its stake in shares of Twin Disc by 3.9% in the third quarter. Grace & White Inc. NY now owns 223,385 shares of the industrial products company’s stock worth $2,562,000 after acquiring an additional 8,455 shares during the last quarter. Institutional investors own 56.92% of the company’s stock.

About Twin Disc

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Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. It operates through Manufacturing and Distribution segments. 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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