Twin Disc, Incorporated (NASDAQ:TWIN) Receives $20.00 Average PT from Analysts

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Shares of Twin Disc, Incorporated (NASDAQ:TWIN) have received a consensus recommendation of “Hold” from the six research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $20.00.

TWIN has been the subject of several research analyst reports. ValuEngine upgraded Twin Disc from a “strong sell” rating to a “sell” rating in a research note on Thursday. BidaskClub cut Twin Disc from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. TheStreet cut Twin Disc from a “b-” rating to a “c+” rating in a research note on Tuesday, June 11th. Finally, Zacks Investment Research cut Twin Disc from a “hold” rating to a “strong sell” rating in a research note on Saturday.

Several hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP boosted 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 worth $264,000 after purchasing an additional 4,590 shares during the period. California Public Employees Retirement System boosted its stake in shares of Twin Disc by 2.6% during the 4th quarter. California Public Employees Retirement System now owns 43,046 shares of the industrial products company’s stock worth $635,000 after purchasing an additional 1,100 shares during the period. BlackRock Inc. boosted its stake in shares of Twin Disc by 8.5% during the 4th quarter. BlackRock Inc. now owns 654,602 shares of the industrial products company’s stock worth $9,657,000 after purchasing an additional 51,146 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Twin Disc by 25.6% during the 4th quarter. Bank of New York Mellon Corp now owns 101,160 shares of the industrial products company’s stock worth $1,492,000 after purchasing an additional 20,625 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Twin Disc by 10.1% during the 4th quarter. Northern Trust Corp now owns 117,129 shares of the industrial products company’s stock worth $1,728,000 after purchasing an additional 10,759 shares during the period. 56.79% of the stock is currently owned by institutional investors and hedge funds.

Twin Disc stock opened at $12.22 on Tuesday. The stock has a market cap of $149.72 million, a PE ratio of 7.52 and a beta of 2.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 3.00. The firm’s 50 day simple moving average is $13.79. Twin Disc has a 52 week low of $11.29 and a 52 week high of $27.97.

Twin Disc (NASDAQ:TWIN) last released its earnings results on Monday, May 6th. The industrial products company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.09). The business had revenue of $77.42 million for the quarter, compared to analysts’ expectations of $85.70 million. Twin Disc had a net margin of 5.74% and a return on equity of 10.87%. Equities analysts forecast that Twin Disc will post 1.16 EPS for the current year.

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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