StockNews.com Upgrades Twin Disc (NASDAQ:TWIN) to Strong-Buy

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

Twin Disc Stock Up 6.3 %

Twin Disc stock opened at $8.21 on Tuesday. Twin Disc has a 1-year low of $7.35 and a 1-year high of $18.00. The firm has a market capitalization of $116.14 million, a price-to-earnings ratio of 12.25 and a beta of 0.58. The firm’s fifty day moving average price is $9.85 and its two-hundred day moving average price is $11.26. The company has a current ratio of 2.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15.

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

Hedge Funds Weigh In On Twin Disc

Several large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in shares of Twin Disc by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 597,475 shares of the industrial products company’s stock worth $7,020,000 after purchasing an additional 20,470 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its stake in shares of Twin Disc by 16.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 565,277 shares of the industrial products company’s stock worth $6,642,000 after purchasing an additional 78,378 shares in the last quarter. Royce & Associates LP increased its stake in shares of Twin Disc by 1.0% in the third quarter. Royce & Associates LP now owns 398,212 shares of the industrial products company’s stock worth $4,974,000 after purchasing an additional 3,786 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Twin Disc by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 255,490 shares of the industrial products company’s stock worth $3,002,000 after purchasing an additional 4,566 shares in the last quarter. Finally, State Street Corp increased its stake 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 worth $1,547,000 after purchasing an additional 2,835 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

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.