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

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

Twin Disc Stock Down 0.6 %

Shares of TWIN opened at $8.21 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 0.86. Twin Disc has a 1 year low of $8.07 and a 1 year high of $18.00. The stock has a 50 day simple moving average of $10.45 and a two-hundred day simple moving average of $11.55. The firm has a market cap of $116.14 million, a P/E ratio of 12.25 and a beta of 0.62.

Twin Disc (NASDAQ:TWIN) last announced 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%.

Hedge Funds Weigh In On Twin Disc

A number of hedge funds and other institutional investors have recently made changes to their positions in TWIN. MetLife Investment Management LLC raised its holdings 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 valued at $83,000 after acquiring an additional 3,767 shares in the last quarter. Deutsche Bank AG bought a new position in Twin Disc in the fourth quarter worth $101,000. Bank of America Corp DE raised its holdings in Twin Disc by 75.7% in the fourth quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 6,344 shares in the last quarter. Barclays PLC raised its holdings in Twin Disc by 280.7% in the third quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock worth $186,000 after purchasing an additional 10,959 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Twin Disc by 753.6% in the third quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company’s stock worth $194,000 after purchasing an additional 13,686 shares in the last quarter. 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.