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

Twin Disc (NASDAQ:TWIN) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

Twin Disc Price Performance

TWIN opened at $12.51 on Friday. The company has a fifty day moving average price of $12.01 and a two-hundred day moving average price of $12.65. The firm has a market capitalization of $176.39 million, a PE ratio of 18.67 and a beta of 0.61. Twin Disc has a 52 week low of $10.83 and a 52 week high of $18.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 2.23.

Hedge Funds Weigh In On Twin Disc

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TWIN. Grace & White Inc. NY raised its position in shares of Twin Disc by 0.8% in the 2nd quarter. Grace & White Inc. NY now owns 214,136 shares of the industrial products company’s stock valued at $2,523,000 after acquiring an additional 1,800 shares during the period. State Street Corp increased its stake in Twin Disc by 2.3% in the third quarter. State Street Corp now owns 123,880 shares of the industrial products company’s stock valued at $1,547,000 after purchasing an additional 2,835 shares in the last quarter. Geode Capital Management LLC raised its holdings in Twin Disc by 1.3% in the third quarter. Geode Capital Management LLC now owns 250,924 shares of the industrial products company’s stock worth $3,134,000 after purchasing an additional 3,109 shares during the period. MetLife Investment Management LLC boosted its position in shares of Twin Disc by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 3,767 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Twin Disc by 1.0% in the 3rd quarter. Royce & Associates LP now owns 398,212 shares of the industrial products company’s stock valued at $4,974,000 after buying an additional 3,786 shares during the period. 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.