Twin Disc (TWIN) Cut to Hold at BidaskClub

Twin Disc (NASDAQ:TWIN) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Twin Disc from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Robert W. Baird reiterated a “hold” rating and issued a $28.00 price objective on shares of Twin Disc in a research note on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $25.67.

Twin Disc (NASDAQ:TWIN) traded up $0.83 during trading hours on Thursday, reaching $27.56. 31,842 shares of the company’s stock traded hands, compared to its average volume of 27,596. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.42 and a current ratio of 3.12. The stock has a market cap of $309.85, a price-to-earnings ratio of -918.36 and a beta of 1.73. Twin Disc has a 52-week low of $14.81 and a 52-week high of $29.35.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.29 EPS for the quarter. The firm had revenue of $45.06 million during the quarter, compared to analyst estimates of $45.90 million. Twin Disc had a negative net margin of 0.12% and a positive return on equity of 0.27%. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.24) EPS. analysts expect that Twin Disc will post 0.58 earnings per share for the current year.

In other news, Director David R. Zimmer sold 1,500 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $24.96, for a total transaction of $37,440.00. Following the completion of the transaction, the director now directly owns 31,868 shares of the company’s stock, valued at approximately $795,425.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Denise Wilcox sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $27.25, for a total transaction of $136,250.00. Following the transaction, the vice president now directly owns 33,513 shares of the company’s stock, valued at $913,229.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,250 shares of company stock valued at $304,988. Company insiders own 27.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Nationwide Fund Advisors grew its position in shares of Twin Disc by 229.5% during the 2nd quarter. Nationwide Fund Advisors now owns 6,590 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 4,590 shares during the period. New York State Common Retirement Fund bought a new position in shares of Twin Disc during the 2nd quarter valued at approximately $147,000. Rhumbline Advisers bought a new position in shares of Twin Disc during the 2nd quarter valued at approximately $163,000. Advisor Group Inc. grew its position in shares of Twin Disc by 3.4% during the 2nd quarter. Advisor Group Inc. now owns 14,650 shares of the industrial products company’s stock valued at $236,000 after acquiring an additional 479 shares during the period. Finally, California State Teachers Retirement System bought a new position in shares of Twin Disc during the 2nd quarter valued at approximately $244,000. 52.58% of the stock is owned by hedge funds and other institutional investors.

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Twin Disc Company Profile

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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