Twin Disc (NASDAQ:TWIN) Upgraded to Strong-Buy at StockNews.com

Twin Disc (NASDAQ:TWIN – Get Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

Twin Disc Price Performance

TWIN stock opened at $10.90 on Friday. The stock has a market cap of $150.64 million, a price-to-earnings ratio of 15.35 and a beta of 1.00. Twin Disc has a fifty-two week low of $7.91 and a fifty-two week high of $14.46. The business has a 50 day moving average price of $10.41 and a 200 day moving average price of $10.35. The company has a quick ratio of 0.90, a current ratio of 2.44 and a debt-to-equity ratio of 0.28.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TWIN. US Bancorp DE increased 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 buying an additional 1,445 shares in the last quarter. CM Wealth Advisors LLC purchased a new position in shares of Twin Disc in the first quarter valued at $102,000. Jane Street Group LLC purchased a new position in shares of Twin Disc in the first quarter valued at $105,000. Susquehanna International Group LLP purchased a new position in shares of Twin Disc in the fourth quarter valued at $243,000. Finally, Millennium Management LLC increased its position in shares of Twin Disc by 47.0% in the second quarter. Millennium Management LLC now owns 32,315 shares of the industrial products company’s stock valued at $293,000 after buying an additional 10,332 shares in the last quarter. Hedge funds and other institutional investors own 61.16% of the company’s stock.

About Twin Disc

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Twin Disc, Inc engages in the manufacturing and marketing of marine and off-highway power transmission equipment. It operates through the Manufacturing and Distribution segments. The Manufacturing segment refers to the manufacturing, assembly, and office facilities in Racine, Wisconsin, U.SA, Nivelles, Belgium, Decima, Italy, and Switzerland.