Equities researchers at StockNews.com began coverage on shares of Twin Disc (NASDAQ:TWIN – Get Rating) in a research report issued to clients and investors on Thursday. The firm set a “strong-buy” rating on the industrial products company’s stock.
Twin Disc Stock Performance
NASDAQ TWIN opened at $9.12 on Thursday. The company has a quick ratio of 0.85, a current ratio of 2.43 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $10.23 and a 200 day simple moving average of $10.37. Twin Disc has a twelve month low of $7.91 and a twelve month high of $16.27. The company has a market capitalization of $126.00 million, a price-to-earnings ratio of 13.41 and a beta of 1.00.
Twin Disc (NASDAQ:TWIN – Get Rating) last announced its quarterly earnings results on Friday, February 3rd. The industrial products company reported $0.08 earnings per share for the quarter. Twin Disc had a net margin of 3.58% and a return on equity of 7.03%. The business had revenue of $63.35 million for the quarter.
Hedge Funds Weigh In On Twin Disc
Several hedge funds and other institutional investors have recently modified their holdings of TWIN. Whittier Trust Co. bought a new stake in Twin Disc in the 3rd quarter valued at $29,000. US Bancorp DE lifted its holdings in Twin Disc by 85.0% during the third quarter. US Bancorp DE now owns 3,145 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 1,445 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Twin Disc in the fourth quarter valued at about $243,000. Millennium Management LLC increased its position in shares of Twin Disc by 47.0% during the second quarter. Millennium Management LLC now owns 32,315 shares of the industrial products company’s stock valued at $293,000 after acquiring an additional 10,332 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Twin Disc by 5.5% in the second quarter. State Street Corp now owns 36,205 shares of the industrial products company’s stock valued at $328,000 after purchasing an additional 1,900 shares during the period. 61.16% of the stock is owned by institutional investors.
Twin Disc Company Profile
Twin Disc, Inc engages in the manufacturing and marketing of marine and off-highway power transmission equipment. It operates through the Manufacturing and Distribution segments. The Manufacturing segment refers to the manufacturing, assembly, and office facilities in Racine, Wisconsin, U.SA, Nivelles, Belgium, Decima, Italy, and Switzerland.