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

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

Twin Disc Stock Performance

Shares of TWIN stock 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 company’s 50 day moving average price is $12.01 and its two-hundred day moving average price is $12.65. The company has a market capitalization of $176.39 million, a P/E ratio of 18.67 and a beta of 0.61.

Hedge Funds Weigh In On Twin Disc

A number of large investors have recently added to or reduced their stakes in TWIN. Dimensional Fund Advisors LP lifted its holdings in shares of Twin Disc by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 555,283 shares of the industrial products company’s stock valued at $6,541,000 after purchasing an additional 16,452 shares in the last quarter. Vanguard Group Inc. raised its position in Twin Disc by 6.8% in the 1st quarter. Vanguard Group Inc. now owns 540,668 shares of the industrial products company’s stock valued at $8,937,000 after buying an additional 34,425 shares during the last quarter. Royce & Associates LP raised its position in Twin Disc by 1.0% in the 3rd quarter. Royce & Associates LP now owns 398,212 shares of the industrial products company’s stock valued at $4,974,000 after buying an additional 3,786 shares during the last quarter. Gabelli Funds LLC lifted its stake in Twin Disc by 4.3% in the 2nd quarter. Gabelli Funds LLC now owns 388,024 shares of the industrial products company’s stock valued at $4,571,000 after acquiring an additional 16,157 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Twin Disc by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 250,924 shares of the industrial products company’s stock worth $3,134,000 after acquiring an additional 3,109 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

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.