Twin Disc, Incorporated (TWIN) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Twin Disc, Incorporated (NASDAQ:TWIN) from a buy rating to a hold rating in a report issued on Thursday morning.

According to Zacks, “TWIN DISC, INC. designs, manufactures and sells heavy duty off-highway 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 reduction gears; industrial clutches; fluid couplings and control systems. Principal markets are: construction equipment, industrial equipment, government, marine, energy and natural resources and agriculture. “

A number of other research analysts also recently commented on TWIN. Seaport Global Securities downgraded Twin Disc, from a buy rating to a neutral rating and set a $24.00 target price for the company. in a research report on Wednesday, June 21st. TheStreet upgraded Twin Disc, from a d+ rating to a c- rating in a research report on Monday, August 28th.

Twin Disc, (TWIN) opened at 19.09 on Thursday. The stock’s market capitalization is $220.91 million. Twin Disc, has a 1-year low of $10.01 and a 1-year high of $21.75. The firm’s 50 day moving average is $17.79 and its 200 day moving average is $17.84.

Twin Disc, (NASDAQ:TWIN) last posted its earnings results on Friday, August 4th. The industrial products company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.08. The firm had revenue of $53.59 million during the quarter, compared to the consensus estimate of $49.65 million. Twin Disc, had a negative return on equity of 5.02% and a negative net margin of 3.74%. The company’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) EPS. On average, equities research analysts anticipate that Twin Disc, will post $0.01 earnings per share for the current year.

WARNING: “Twin Disc, Incorporated (TWIN) Downgraded to Hold at Zacks Investment Research” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright law. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/09/twin-disc-incorporated-twin-downgraded-to-hold-at-zacks-investment-research.html.

Several hedge funds and other institutional investors have recently bought and sold shares of TWIN. Nationwide Fund Advisors boosted its position in shares of Twin Disc, by 229.5% during the 2nd quarter. Nationwide Fund Advisors now owns 6,590 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 4,590 shares during the last quarter. New York State Common Retirement Fund bought a new position in shares of Twin Disc, during the 2nd quarter valued at approximately $147,000. Rhumbline Advisers bought a new position in shares of Twin Disc, during the 2nd quarter valued at approximately $163,000. Advisor Group Inc. boosted its position in shares of Twin Disc, by 3.4% during the 2nd quarter. Advisor Group Inc. now owns 14,650 shares of the industrial products company’s stock valued at $236,000 after acquiring an additional 479 shares during the last quarter. Finally, California State Teachers Retirement System bought a new position in shares of Twin Disc, during the 2nd quarter valued at approximately $244,000. Hedge funds and other institutional investors own 49.08% of the company’s stock.

About Twin Disc,

Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates through two segments: manufacturing and distribution. Its products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems.

According to Zacks, “TWIN DISC, INC. designs, manufactures and sells heavy duty off-highway 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 reduction gears; industrial clutches; fluid couplings and control systems. Principal markets are: construction equipment, industrial equipment, government, marine, energy and natural resources and agriculture. “

A number of other research analysts also recently commented on TWIN. Seaport Global Securities downgraded Twin Disc, from a buy rating to a neutral rating and set a $24.00 target price for the company. in a research report on Wednesday, June 21st. TheStreet upgraded Twin Disc, from a d+ rating to a c- rating in a research report on Monday, August 28th.

Twin Disc, (TWIN) opened at 19.09 on Thursday. The stock’s market capitalization is $220.91 million. Twin Disc, has a 1-year low of $10.01 and a 1-year high of $21.75. The firm’s 50 day moving average is $17.79 and its 200 day moving average is $17.84.

Twin Disc, (NASDAQ:TWIN) last posted its earnings results on Friday, August 4th. The industrial products company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.08. The firm had revenue of $53.59 million during the quarter, compared to the consensus estimate of $49.65 million. Twin Disc, had a negative return on equity of 5.02% and a negative net margin of 3.74%. The company’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) EPS. On average, equities research analysts anticipate that Twin Disc, will post $0.01 earnings per share for the current year.

WARNING: “Twin Disc, Incorporated (TWIN) Downgraded to Hold at Zacks Investment Research” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright law. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/09/twin-disc-incorporated-twin-downgraded-to-hold-at-zacks-investment-research.html.

Several hedge funds and other institutional investors have recently bought and sold shares of TWIN. Nationwide Fund Advisors boosted its position in shares of Twin Disc, by 229.5% during the 2nd quarter. Nationwide Fund Advisors now owns 6,590 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 4,590 shares during the last quarter. New York State Common Retirement Fund bought a new position in shares of Twin Disc, during the 2nd quarter valued at approximately $147,000. Rhumbline Advisers bought a new position in shares of Twin Disc, during the 2nd quarter valued at approximately $163,000. Advisor Group Inc. boosted its position in shares of Twin Disc, by 3.4% during the 2nd quarter. Advisor Group Inc. now owns 14,650 shares of the industrial products company’s stock valued at $236,000 after acquiring an additional 479 shares during the last quarter. Finally, California State Teachers Retirement System bought a new position in shares of Twin Disc, during the 2nd quarter valued at approximately $244,000. Hedge funds and other institutional investors own 49.08% of the company’s stock.

About Twin Disc,

Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates through two segments: manufacturing and distribution. Its products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems.

Get a free copy of the Zacks research report on Twin Disc, (TWIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Twin Disc Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twin Disc Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.