Twin Disc (NASDAQ:TWIN) Upgraded by StockNews.com to "Strong-Buy" Rating

Twin Disc (NASDAQ:TWIN - Get Free Report) was upgraded by investment analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued on Friday.

Twin Disc Price Performance

Shares of TWIN traded down $0.05 during midday trading on Friday, reaching $8.21. The stock had a trading volume of 28,322 shares, compared to its average volume of 28,512. Twin Disc has a 52 week low of $8.07 and a 52 week high of $18.00. 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 firm's 50 day moving average price is $10.45 and its 200-day moving average price is $11.56. The company has a market capitalization of $116.14 million, a P/E ratio of 12.25 and a beta of 0.62.

Twin Disc (NASDAQ:TWIN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.07 EPS for the quarter. Twin Disc had a return on equity of 4.24% and a net margin of 2.92%.

Institutional Investors Weigh In On Twin Disc

Several hedge funds have recently bought and sold shares of TWIN. MetLife Investment Management LLC lifted its stake in Twin Disc by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company's stock worth $83,000 after acquiring an additional 3,767 shares in the last quarter. Deutsche Bank AG acquired a new position in Twin Disc in the 4th quarter worth about $101,000. Bank of America Corp DE increased its position in Twin Disc by 75.7% in the 4th 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. Barclays PLC increased its position in Twin Disc by 280.7% in the 3rd quarter. Barclays PLC now owns 14,863 shares of the industrial products company's stock worth $186,000 after purchasing an additional 10,959 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Twin Disc by 753.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company's stock worth $194,000 after purchasing an additional 13,686 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other 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.

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