Twin Disc, Incorporated (TWIN) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Twin Disc, Incorporated (NASDAQ:TWIN) from a hold rating to a buy rating in a research report released on Thursday morning. They currently have $23.00 price objective on the industrial products company’s stock.

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. “

Separately, Seaport Global Securities upgraded Twin Disc, from a neutral rating to a buy rating in a research note on Monday, February 13th.

Shares of Twin Disc, (NASDAQ:TWIN) traded up 0.665% during trading on Thursday, hitting $18.935. The stock had a trading volume of 9,176 shares. The company’s market cap is $218.11 million. Twin Disc, has a one year low of $8.50 and a one year high of $21.75. The stock’s 50-day moving average price is $18.79 and its 200-day moving average price is $15.85.

Twin Disc, (NASDAQ:TWIN) last released its quarterly earnings data on Tuesday, January 31st. The industrial products company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.20) by $0.06. Twin Disc, had a negative net margin of 7.87% and a negative return on equity of 5.26%. The company earned $33.67 million during the quarter, compared to the consensus estimate of $40.95 million. During the same quarter in the prior year, the company posted ($0.21) earnings per share. The company’s revenue for the quarter was down 24.9% on a year-over-year basis. On average, equities research analysts forecast that Twin Disc, will post ($0.67) EPS for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Twin Disc, by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 567,441 shares of the industrial products company’s stock worth $8,285,000 after buying an additional 12,975 shares during the period. Skylands Capital LLC increased its position in shares of Twin Disc, by 430.9% in the first quarter. Skylands Capital LLC now owns 70,000 shares of the industrial products company’s stock worth $1,440,000 after buying an additional 56,814 shares during the period. Gabelli Funds LLC increased its position in shares of Twin Disc, by 2.8% in the fourth quarter. Gabelli Funds LLC now owns 308,000 shares of the industrial products company’s stock worth $4,497,000 after buying an additional 8,501 shares during the period. Lafitte Capital Management LP increased its position in shares of Twin Disc, by 45.7% in the fourth quarter. Lafitte Capital Management LP now owns 145,670 shares of the industrial products company’s stock worth $2,127,000 after buying an additional 45,670 shares during the period. Finally, Gamco Investors INC. ET AL increased its position in shares of Twin Disc, by 2.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,154,177 shares of the industrial products company’s stock worth $16,851,000 after buying an additional 22,551 shares during the period. Institutional investors and hedge funds own 43.13% of the company’s stock.

About Twin Disc,

Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates through two segments: manufacturing and distribution. Its products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems.

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