Twin Disc (NASDAQ:TWIN) Downgraded to Buy Rating by StockNews.com

Twin Disc (NASDAQ:TWIN) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Twin Disc Price Performance

Shares of TWIN traded down $0.10 during trading hours on Tuesday, hitting $8.63. 63,392 shares of the company were exchanged, compared to its average volume of 26,647. The company has a market capitalization of $122.08 million, a PE ratio of 12.88 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 0.86. The firm has a fifty day simple moving average of $10.94 and a 200-day simple moving average of $11.77. Twin Disc has a one year low of $8.46 and a one year high of $18.00.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.07 earnings per share for the quarter. Twin Disc had a return on equity of 4.24% and a net margin of 2.92%.

Institutional Trading of Twin Disc

Hedge funds and other institutional investors have recently modified their holdings of the business. MetLife Investment Management LLC boosted its position in shares of Twin Disc by 129.1% in the third quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock worth $83,000 after buying an additional 3,767 shares during the period. Deutsche Bank AG purchased a new stake in shares of Twin Disc during the fourth quarter worth $101,000. Bank of America Corp DE raised its holdings in shares of Twin Disc by 75.7% during the fourth quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company’s stock worth $173,000 after acquiring an additional 6,344 shares in the last quarter. Barclays PLC raised its holdings in shares of Twin Disc by 280.7% during the third quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock worth $186,000 after acquiring an additional 10,959 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Twin Disc by 753.6% during the third quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company’s stock worth $194,000 after acquiring an additional 13,686 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Twin Disc Company Profile

Twin Disc, Incorporated engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal products include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.