Twin Disc (NASDAQ:TWIN – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.
TWIN has been the subject of a number of other research reports. Weiss Ratings lowered shares of Twin Disc from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, September 8th. Lake Street Capital began coverage on shares of Twin Disc in a research note on Thursday, July 9th. They issued a “buy” rating and a $30.00 price objective on the stock. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Twin Disc has a consensus rating of “Hold” and a consensus target price of $30.00.
Read Our Latest Stock Report on TWIN
Twin Disc Stock Performance
Twin Disc (NASDAQ:TWIN – Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The industrial products company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.23 by $0.41. Twin Disc had a return on equity of 6.78% and a net margin of 9.06%.The firm had revenue of $114.40 million during the quarter, compared to the consensus estimate of $100.35 million.
Insider Buying and Selling at Twin Disc
In related news, CFO Jeffrey Scott Knutson sold 7,482 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $24.25, for a total transaction of $181,438.50. Following the transaction, the chief financial officer directly owned 164,891 shares in the company, valued at approximately $3,998,606.75. The trade was a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 17,686 shares of company stock worth $417,606 over the last 90 days. 22.10% of the stock is owned by company insiders.
Hedge Funds Weigh In On Twin Disc
Hedge funds have recently modified their holdings of the company. Legal & General Group Plc purchased a new position in shares of Twin Disc in the 2nd quarter worth approximately $26,000. Global Retirement Partners LLC purchased a new stake in shares of Twin Disc during the fourth quarter valued at approximately $39,000. Strs Ohio purchased a new stake in shares of Twin Disc during the first quarter valued at approximately $74,000. JPMorgan Chase & Co. lifted its holdings in Twin Disc by 28.6% during the third quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 1,193 shares during the period. Finally, California State Teachers Retirement System bought a new stake in Twin Disc during the second quarter worth $86,000. Institutional investors own 65.25% of the company’s stock.
Twin Disc Company Profile
Twin Disc, Inc (NASDAQ: TWIN) is a global designer and manufacturer of power transmission equipment for marine and industrial applications. Headquartered in Racine, Wisconsin, the company develops a range of mechanical and digital solutions that control power delivery in demanding environments. Its portfolio includes marine gears, power take-offs, clutches, brakes, transmissions and controllable pitch propeller systems engineered to withstand heavy loads and corrosive conditions.
In addition to original equipment manufacturing, Twin Disc offers aftermarket parts and services, including maintenance, repair and overhaul support through a network of service centers worldwide.
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