Twin Disc (TWIN) Lowered to Sell at ValuEngine

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ValuEngine downgraded shares of Twin Disc (NASDAQ:TWIN) from a hold rating to a sell rating in a report published on Tuesday morning.

Other equities research analysts have also recently issued research reports about the company. BidaskClub cut Twin Disc from a sell rating to a strong sell rating in a report on Wednesday, August 29th. Zacks Investment Research upgraded Twin Disc from a hold rating to a strong-buy rating and set a $30.00 price target on the stock in a report on Friday, August 10th.

TWIN opened at $19.99 on Tuesday. The company has a market capitalization of $271.95 million, a P/E ratio of 14.46 and a beta of 1.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.21 and a current ratio of 2.55. Twin Disc has a 1-year low of $19.30 and a 1-year high of $31.95.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings results on Monday, August 6th. The industrial products company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.19. The business had revenue of $73.77 million for the quarter, compared to analysts’ expectations of $74.00 million. Twin Disc had a return on equity of 11.79% and a net margin of 3.96%. As a group, equities research analysts forecast that Twin Disc will post 1.65 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Twin Disc by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 627,331 shares of the industrial products company’s stock valued at $13,638,000 after buying an additional 5,330 shares during the last quarter. Rhumbline Advisers acquired a new stake in Twin Disc during the 2nd quarter valued at $232,000. JPMorgan Chase & Co. grew its holdings in Twin Disc by 55.4% during the 1st quarter. JPMorgan Chase & Co. now owns 26,536 shares of the industrial products company’s stock valued at $577,000 after buying an additional 9,462 shares during the last quarter. Gabelli Funds LLC grew its holdings in Twin Disc by 3.9% during the 2nd quarter. Gabelli Funds LLC now owns 331,405 shares of the industrial products company’s stock valued at $8,225,000 after buying an additional 12,305 shares during the last quarter. Finally, Algert Global LLC grew its holdings in Twin Disc by 56.5% during the 2nd quarter. Algert Global LLC now owns 39,343 shares of the industrial products company’s stock valued at $976,000 after buying an additional 14,199 shares during the last quarter. Hedge funds and other institutional investors own 46.62% of the company’s stock.

About Twin Disc

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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