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. “
TWIN has been the subject of a number of other research reports. TheStreet lowered Twin Disc from a b- rating to a c+ rating in a research report on Tuesday, June 11th. BidaskClub raised Zogenix from a sell rating to a hold rating in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $19.00.
Shares of NASDAQ:TWIN opened at $13.86 on Friday. Twin Disc has a fifty-two week low of $13.33 and a fifty-two week high of $27.97. The stock has a 50-day simple moving average of $14.33. The company has a current ratio of 3.00, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The stock has a market cap of $181.55 million, a price-to-earnings ratio of 10.04 and a beta of 2.04.
Twin Disc (NASDAQ:TWIN) last issued its earnings results on Monday, May 6th. The industrial products company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.09). Twin Disc had a return on equity of 10.87% and a net margin of 5.74%. The business had revenue of $77.42 million during the quarter, compared to analysts’ expectations of $85.70 million. As a group, sell-side analysts anticipate that Twin Disc will post 1.23 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in TWIN. BNP Paribas Arbitrage SA grew its stake in shares of Twin Disc by 606.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,020 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 1,734 shares during the period. American International Group Inc. grew its stake in shares of Twin Disc by 10.5% during the 4th quarter. American International Group Inc. now owns 6,207 shares of the industrial products company’s stock valued at $92,000 after purchasing an additional 592 shares during the period. Rhumbline Advisers grew its stake in shares of Twin Disc by 40.5% during the 4th quarter. Rhumbline Advisers now owns 13,183 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 3,800 shares during the period. First Trust Advisors LP grew its stake in shares of Twin Disc by 34.4% during the 4th quarter. First Trust Advisors LP now owns 17,928 shares of the industrial products company’s stock valued at $264,000 after purchasing an additional 4,590 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Twin Disc by 17.3% during the 4th quarter. Bank of America Corp DE now owns 18,103 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 2,670 shares during the period. Institutional investors and hedge funds own 56.81% of the company’s stock.
Twin Disc Company Profile
Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. The company operates through two segments, Manufacturing and Distribution. Its products include marine transmissions, surface drives, propellers, and boat management systems; and power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.
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