Twin Disc (NASDAQ:TWIN) Downgraded to Buy Rating by StockNews.com

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

Twin Disc Stock Down 2.1 %

Shares of TWIN stock opened at $8.37 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 0.86. The company has a market capitalization of $118.40 million, a price-to-earnings ratio of 12.49 and a beta of 0.58. Twin Disc has a one year low of $7.35 and a one year high of $18.00. The company’s fifty day moving average price is $9.64 and its 200-day moving average price is $11.14.

Twin Disc (NASDAQ:TWIN) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $0.07 earnings per share for the quarter. Twin Disc had a net margin of 2.92% and a return on equity of 4.24%.

Institutional Investors Weigh In On Twin Disc

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Deutsche Bank AG bought a new stake in Twin Disc in the 4th quarter worth about $101,000. Bridgeway Capital Management LLC increased its stake in shares of Twin Disc by 8.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 85,928 shares of the industrial products company’s stock worth $1,010,000 after purchasing an additional 6,896 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of 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 during the last quarter. Northern Trust Corp lifted its stake in Twin Disc by 4.4% in the fourth quarter. Northern Trust Corp now owns 98,914 shares of the industrial products company’s stock worth $1,162,000 after purchasing an additional 4,164 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Twin Disc by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 597,475 shares of the industrial products company’s stock worth $7,020,000 after buying an additional 20,470 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

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.