Twin Disc (NASDAQ:TWIN - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday.
Twin Disc Stock Down 2.8 %
Shares of Twin Disc stock traded down $0.34 during trading on Friday, reaching $11.80. The stock had a trading volume of 28,812 shares, compared to its average volume of 26,200. The company has a current ratio of 2.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $165.20 million, a price-to-earnings ratio of 13.56 and a beta of 0.60. The stock has a fifty day moving average price of $12.94 and a two-hundred day moving average price of $14.35. Twin Disc has a 52 week low of $10.90 and a 52 week high of $18.00.
Hedge Funds Weigh In On Twin Disc
Several hedge funds have recently modified their holdings of TWIN. Victory Capital Management Inc. grew its stake in shares of Twin Disc by 11.1% in the fourth quarter. Victory Capital Management Inc. now owns 96,416 shares of the industrial products company's stock valued at $1,558,000 after buying an additional 9,663 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Twin Disc by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 540,668 shares of the industrial products company's stock worth $8,937,000 after purchasing an additional 34,425 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Twin Disc by 9.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 42,695 shares of the industrial products company's stock valued at $706,000 after purchasing an additional 3,580 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of Twin Disc by 64.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 36,366 shares of the industrial products company's stock valued at $601,000 after purchasing an additional 14,218 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new stake in Twin Disc in the 1st quarter valued at about $26,000. Institutional investors own 65.25% of the company's stock.
Twin Disc Company Profile
(
Get Free Report)
Twin Disc, Incorporated designs, manufactures, and sells 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.
Featured Stories
Before you consider Twin Disc, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Twin Disc wasn't on the list.
While Twin Disc currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
