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

Twin Disc (NASDAQ:TWIN) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday.

Twin Disc Stock Down 1.1 %

NASDAQ TWIN traded down $0.10 during trading on Tuesday, hitting $8.63. 63,392 shares of the company traded hands, compared to its average volume of 26,647. Twin Disc has a 12 month low of $8.46 and a 12 month high of $18.00. The business has a fifty day simple moving average of $10.94 and a 200 day simple moving average of $11.77. The company has a current ratio of 2.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $122.08 million, a P/E ratio of 12.88 and a beta of 0.62.

Twin Disc (NASDAQ:TWIN) last posted its earnings results 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

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in shares of 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 purchasing an additional 20,470 shares during the period. Pacific Ridge Capital Partners LLC increased its stake in shares of Twin Disc by 16.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 565,277 shares of the industrial products company’s stock worth $6,642,000 after purchasing an additional 78,378 shares during the period. Royce & Associates LP increased its stake in shares of Twin Disc by 1.0% in the third quarter. Royce & Associates LP now owns 398,212 shares of the industrial products company’s stock worth $4,974,000 after purchasing an additional 3,786 shares during the period. Geode Capital Management LLC increased its stake in shares of Twin Disc by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 255,490 shares of the industrial products company’s stock worth $3,002,000 after purchasing an additional 4,566 shares during the period. Finally, State Street Corp increased its stake in shares of Twin Disc by 2.3% in the third quarter. State Street Corp now owns 123,880 shares of the industrial products company’s stock worth $1,547,000 after purchasing an additional 2,835 shares during the period. 65.25% of the stock is currently owned by institutional investors.

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.