Dual disc (NASDAQ: TWIN – Get a rating) has been updated by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Zacks.com reports. The brokerage currently has a price target of $17.00 on shares of the industrials company. Zacks Investment ResearchThe stock’s price target would suggest a potential upside of 25.18% from the current stock price.
According to Zacks, “TWIN DISC, INC. designs, manufactures and sells heavy-duty off-road power transmission equipment. Products offered include: hydraulic torque converters; power shift transmissions; marine transmissions and surface drives; universal joints; gas turbine starting drives; power take-offs and reducers; industrial clutches; hydraulic couplers and control systems. The main markets are: construction equipment, industrial equipment, government, marine, energy and natural resources and agriculture. “
Separately, StockNews.com launched the coverage on Twin Disc in a research report on Thursday. They issued a “holding” rating on the stock.
Shares of DOUBLE opened at $13.58 on Thursday. The company has a quick ratio of 0.78, a current ratio of 2.32 and a debt ratio of 0.27. The company’s 50-day moving average price is $15.15 and its 200-day moving average price is $13.15. Twin Disc has a 52-week low of $9.40 and a 52-week high of $18.20. The stock has a market capitalization of $185.53 million, a P/E ratio of -14.45 and a beta of 1.60.
Dual disc (NASDAQ: TWIN – Get a rating) last released its quarterly results on Friday, April 29. The industrial products company reported EPS of $0.17 for the quarter, beating analyst consensus estimates of $0.05 by $0.12. Twin Disc had a positive return on equity of 1.02% and a negative net margin of 5.31%. During the same period of the previous year, the company posted EPS of $0.01. On average, stock analysts expect Twin Disc to post an EPS of 0.22 for the current year.
A number of hedge funds have recently increased or reduced their holdings in TWIN. AMH Equity Ltd bought a new position in Twin Disc in Q4, valued at around $7,446,000. Victory Capital Management Inc. purchased a new stake in Twin Disc during Q1 for $2,566,000. Royce & Associates LP increased its stake in Twin Disc by 21.9% during the 4th quarter. Royce & Associates LP now owns 512,317 shares of the industrial products company valued at $5,615,000 after purchasing an additional 92,009 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Twin Disc by 11.9% during the third quarter. Neuberger Berman Group LLC now owns 380,798 shares of the industrial products company valued at $4,031,000 after purchasing an additional 40,610 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in Twin Disc by 2.8% during the 3rd quarter. Gamco Investors Inc. ET AL now owns 1,473,915 shares of the industrial products company valued at $15,712,000 after purchasing an additional 39,712 shares in the last quarter. 61.35% of the shares are currently held by institutional investors and hedge funds.
Twin Disc Company Profile (Get a rating)
Twin Disc, Incorporated designs, manufactures and sells heavy-duty marine and off-road power transmission equipment worldwide. It operates through two segments, manufacturing and distribution. The Company’s products include marine transmissions, azimuth drives, surface drives, propellers and boat management systems, as well as shifting transmissions, hydraulic torque converters, power take-offs, industrial clutches and control systems.
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