StockNews.com Downgrades Twin Disc (NASDAQ:TWIN) to Buy

Twin Disc (NASDAQ:TWIN) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Twin Disc Trading Down 1.0 %

Shares of TWIN opened at $12.51 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 2.23. Twin Disc has a 52-week low of $10.83 and a 52-week high of $18.00. The firm has a market cap of $176.39 million, a price-to-earnings ratio of 18.67 and a beta of 0.61. The business’s fifty day moving average is $12.01 and its 200-day moving average is $12.62.

Institutional Investors Weigh In On Twin Disc

Hedge funds have recently made changes to their positions in the stock. Barclays PLC increased its position in Twin Disc by 280.7% during 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 in the last quarter. Geode Capital Management LLC increased its holdings in shares of Twin Disc by 1.3% during the third quarter. Geode Capital Management LLC now owns 250,924 shares of the industrial products company’s stock worth $3,134,000 after buying an additional 3,109 shares in the last quarter. State Street Corp lifted its stake in shares of Twin Disc by 2.3% in the 3rd quarter. State Street Corp now owns 123,880 shares of the industrial products company’s stock valued at $1,547,000 after acquiring an additional 2,835 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Twin Disc by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock valued at $83,000 after acquiring an additional 3,767 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Twin Disc by 753.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company’s stock worth $194,000 after acquiring an additional 13,686 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

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.