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

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

Twin Disc Stock Up 2.2 %

TWIN stock traded up $0.25 during midday trading on Friday, hitting $11.42. The company’s stock had a trading volume of 23,005 shares, compared to its average volume of 38,299. The firm has a 50-day simple moving average of $12.05 and a 200-day simple moving average of $12.78. The firm has a market capitalization of $161.07 million, a P/E ratio of 17.04 and a beta of 0.61. 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 has a 52-week low of $10.83 and a 52-week high of $18.00.

Institutional Investors Weigh In On Twin Disc

Institutional investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC acquired a new stake in Twin Disc in the third quarter valued at $1,384,000. Acadian Asset Management LLC increased its position in Twin Disc by 62.0% in the 2nd quarter. Acadian Asset Management LLC now owns 101,656 shares of the industrial products company’s stock valued at $1,195,000 after acquiring an additional 38,915 shares during the period. Vanguard Group Inc. raised its stake in shares of Twin Disc by 6.8% during the first quarter. Vanguard Group Inc. now owns 540,668 shares of the industrial products company’s stock worth $8,937,000 after purchasing an additional 34,425 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Twin Disc by 33.2% in the 2nd quarter. Renaissance Technologies LLC now owns 131,193 shares of the industrial products company’s stock worth $1,545,000 after acquiring an additional 32,673 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Twin Disc by 44.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 102,281 shares of the industrial products company’s stock worth $1,205,000 after purchasing an additional 31,378 shares during the period. 65.25% of the stock is 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.