December 8, 2022
  • December 8, 2022

Twin Disc (NASDAQ:TWIN) Goes to a “Strong Sell” at Zacks Investment Research

By on February 5, 2022 0

Dual Disc (NASDAQ: TWIN) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Saturday, Zacks.com reports.

According to Zacks, “TWIN DISC, INC. designs, manufactures and sells heavy-duty off-road power transmission equipment. Products offered include: hydraulic torque converters; speed-shift transmissions; marine transmissions and drives surface joints universal joints gas turbine starting drives power take-offs and reduction gears industrial clutches fluid couplings and control systems Main markets are: construction equipment, industrial equipment, government, marine, energy and natural resources and agriculture.

Separately, TheStreet upgraded Twin Disc’s shares from a “d+” rating to a “c-” rating in a Monday, Dec. 6 report.

TWIN stock opened at $12.50 on Friday. Twin Disc has a 12-month low of $8.06 and a 12-month high of $16.20. The company has a current ratio of 2.42, a quick ratio of 0.92 and a debt ratio of 0.32. The company has a market capitalization of $169.99 million, a P/E ratio of -10.96 and a beta of 1.65. The company has a 50-day simple moving average of $11.70 and a 200-day simple moving average of $12.27.

Twin Disc Inc (NASDAQ:TWIN) last released quarterly earnings data on Wednesday, February 2. The industrial products company reported ($0.29) EPS for the quarter, missing analyst consensus estimates of $0.05 per ($0.34). Twin Disc had a negative return on equity of 1.72% and a negative net margin of 6.82%. In the same quarter last year, the company posted ($0.32) earnings per share. On average, research analysts predict that Twin Disc will post 0.37 EPS for the current year.

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Several institutional investors and hedge funds have recently changed their positions in the company. Geode Capital Management LLC increased its holdings of Twin Disc shares by 1.7% during the third quarter. Geode Capital Management LLC now owns 76,482 shares of the industrial products company valued at $815,000 after acquiring an additional 1,260 shares during the period. Morgan Stanley increased its stake in Twin Disc shares by 35.2% during the second quarter. Morgan Stanley now owns 7,323 shares of the industrial products company valued at $104,000 after buying an additional 1,905 shares last quarter. Barclays PLC increased its stake in Twin Disc shares by 263.0% during the third quarter. Barclays PLC now owns 2,632 shares in the industrial products company valued at $28,000 after buying an additional 1,907 shares last quarter. Renaissance Technologies LLC increased its stake in shares of Twin Disc by 9.0% during the third quarter. Renaissance Technologies LLC now owns 90,693 shares of the industrial products company valued at $967,000 after purchasing an additional 7,500 shares last quarter. Finally, Skylands Capital LLC increased its stake in Twin Disc shares by 26.7% during the third quarter. Skylands Capital LLC now owns 108,425 shares of the industrial products company valued at $1,156,000 after buying an additional 22,878 shares last quarter. 56.08% of the shares are held by institutional investors.

Twin Disc Company Profile

Twin Disc, Inc is engaged in the manufacture and sale of marine and off-road power transmission equipment. It operates through the following segments: Manufacturing and Distribution. The Manufacturing segment refers to manufacturing, assembly and office facilities in Racine, Wisconsin, USA, Nivelles, Belgium, Decima, Italy and Switzerland.

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