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

Twin Disc (NASDAQ:TWIN) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday.

Twin Disc Stock Performance

Shares of Twin Disc stock opened at $8.37 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 2.11 and a debt-to-equity ratio of 0.15. Twin Disc has a 12 month low of $7.35 and a 12 month high of $18.00. The business has a fifty day simple moving average of $9.64 and a 200-day simple moving average of $11.14. The stock has a market cap of $118.40 million, a PE ratio of 12.49 and a beta of 0.58.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TWIN. Geode Capital Management LLC raised its holdings in shares of Twin Disc by 1.3% in the third quarter. Geode Capital Management LLC now owns 250,924 shares of the industrial products company’s stock worth $3,134,000 after buying an additional 3,109 shares during the period. Empowered Funds LLC boosted its stake in Twin Disc by 26.0% during the 4th quarter. Empowered Funds LLC now owns 17,427 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 3,596 shares during the period. State Street Corp increased its position in shares of Twin Disc by 2.3% in the third quarter. State Street Corp now owns 123,880 shares of the industrial products company’s stock valued at $1,547,000 after buying an additional 2,835 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Twin Disc by 753.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 13,686 shares during the last quarter. Finally, Barclays PLC raised its holdings in Twin Disc by 280.7% in the third quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock valued at $186,000 after acquiring an additional 10,959 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

About Twin Disc

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.