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 topic of several other research reports. ValuEngine raised Twin Disc from a sell rating to a hold rating in a research note on Wednesday, October 2nd. TheStreet cut Twin Disc from a c rating to a d+ rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, Twin Disc presently has an average rating of Hold and an average target price of $14.00.
Shares of NASDAQ:TWIN opened at $10.78 on Friday. Twin Disc has a 52 week low of $9.50 and a 52 week high of $19.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 2.75. The company has a market capitalization of $151.09 million, a PE ratio of 12.99 and a beta of 1.98. The company has a 50 day moving average price of $10.40 and a two-hundred day moving average price of $11.27.
Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings results on Friday, November 1st. The industrial products company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.26). Twin Disc had a return on equity of 1.74% and a net margin of 1.09%. The firm had revenue of $59.29 million for the quarter, compared to the consensus estimate of $70.65 million. On average, sell-side analysts forecast that Twin Disc will post -0.34 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in TWIN. Rhumbline Advisers raised its stake in shares of Twin Disc by 9.0% in the 3rd quarter. Rhumbline Advisers now owns 16,518 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 1,368 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Twin Disc by 8.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 23,813 shares of the industrial products company’s stock worth $360,000 after buying an additional 1,948 shares in the last quarter. Huntington National Bank grew its holdings in shares of Twin Disc by 4,000,000.0% during the third quarter. Huntington National Bank now owns 40,001 shares of the industrial products company’s stock worth $424,000 after buying an additional 40,000 shares in the last quarter. LPL Financial LLC acquired a new stake in Twin Disc in the 2nd quarter valued at approximately $456,000. Finally, US Bancorp DE raised its position in Twin Disc by 31.6% in the 2nd quarter. US Bancorp DE now owns 32,827 shares of the industrial products company’s stock valued at $495,000 after buying an additional 7,889 shares during the last quarter. Hedge funds and other institutional investors own 59.44% 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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