Twin Disc (NASDAQ:TWIN) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen lowered shares of Twin Disc (NASDAQ:TWIN) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Twin Disc in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.00.

Twin Disc Stock Performance

Shares of NASDAQ:TWIN opened at $14.45 on Friday. The company’s 50 day simple moving average is $12.75 and its 200 day simple moving average is $9.57. The stock has a market capitalization of $207.94 million, a price-to-earnings ratio of -103.21 and a beta of 0.81. Twin Disc has a 1 year low of $6.16 and a 1 year high of $15.12. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.96 and a quick ratio of 0.75.

Twin Disc (NASDAQ:TWIN) last posted its earnings results on Thursday, August 21st. The industrial products company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.16). The company had revenue of $96.68 million for the quarter, compared to the consensus estimate of $93.00 million. Twin Disc had a negative return on equity of 1.22% and a negative net margin of 0.56%.

Twin Disc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 18th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.16 annualized dividend and a dividend yield of 1.1%. Twin Disc’s payout ratio is presently -114.29%.

Institutional Investors Weigh In On Twin Disc

Several hedge funds and other institutional investors have recently made changes to their positions in TWIN. Strs Ohio bought a new stake in shares of Twin Disc during the first quarter worth about $74,000. Huntington National Bank grew its position in Twin Disc by 500,000.0% in the 2nd quarter. Huntington National Bank now owns 10,002 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 10,000 shares in the last quarter. Corton Capital Inc. bought a new stake in Twin Disc in the 2nd quarter worth about $93,000. Nuveen LLC bought a new stake in Twin Disc in the 1st quarter worth about $114,000. Finally, Bank of America Corp DE grew its position in Twin Disc by 40.9% in the 2nd quarter. Bank of America Corp DE now owns 15,811 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 4,590 shares in the last quarter. 65.25% of the stock is owned by institutional investors.

Twin Disc Company Profile

Twin Disc, Incorporated engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal 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.