Twin Disc (NASDAQ:TWIN) Cut to Buy at StockNews.com

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

Twin Disc Price Performance

Shares of Twin Disc stock opened at $8.14 on Wednesday. Twin Disc has a twelve month low of $7.35 and a twelve month high of $18.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 2.11. The firm has a market cap of $115.15 million, a P/E ratio of 12.15 and a beta of 0.58. The firm’s 50-day simple moving average is $9.51 and its 200-day simple moving average is $11.10.

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 Investors Weigh In On Twin Disc

Several large investors have recently made changes to their positions in TWIN. MetLife Investment Management LLC lifted its holdings in Twin Disc by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 3,767 shares during the last quarter. Deutsche Bank AG bought a new position in shares of Twin Disc in the fourth quarter valued at approximately $101,000. Bank of America Corp DE boosted its holdings in shares of Twin Disc by 75.7% in the 4th 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 grew its position in Twin Disc by 280.7% during the 3rd 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 during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Twin Disc by 753.6% during 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 in the last quarter. Institutional investors 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.