Twin Disc (NASDAQ:TWIN) Upgraded to “Strong-Buy” at StockNews.com

Twin Disc (NASDAQ:TWIN) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.

Twin Disc Price Performance

Shares of Twin Disc stock traded down $0.23 on Friday, reaching $11.16. The company’s stock had a trading volume of 25,337 shares, compared to its average volume of 16,901. The company has a market capitalization of $157.36 million, a P/E ratio of 16.66 and a beta of 0.62. Twin Disc has a 52-week low of $10.22 and a 52-week high of $18.00. The stock has a 50-day moving average price of $11.61 and a 200-day moving average price of $12.12. The company has a quick ratio of 0.84, a current ratio of 2.23 and a debt-to-equity ratio of 0.27.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $0.07 EPS for the quarter. Twin Disc had a return on equity of 4.26% and a net margin of 3.09%.

Institutional Trading of Twin Disc

Several large investors have recently made changes to their positions in TWIN. Segall Bryant & Hamill LLC purchased a new stake in shares of Twin Disc during the third quarter worth approximately $1,384,000. Squarepoint Ops LLC acquired a new position in Twin Disc during the second quarter worth $184,000. Skylands Capital LLC boosted its stake in Twin Disc by 110.0% during the fourth quarter. Skylands Capital LLC now owns 27,300 shares of the industrial products company’s stock worth $321,000 after buying an additional 14,300 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Twin Disc by 36.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,894 shares of the industrial products company’s stock worth $661,000 after buying an additional 14,091 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in 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 buying an additional 13,686 shares during the last quarter. 65.25% of the stock is currently owned by hedge funds and other 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.