Twin Disc (NASDAQ:TWIN) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

A number of other equities analysts also recently issued reports on the company. Robert W. Baird reiterated a “hold” rating on shares of Twin Disc in a research report on Friday, February 2nd. Zacks Investment Research downgraded Twin Disc from a “strong-buy” rating to a “hold” rating in a research report on Saturday, December 30th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $25.67.

Twin Disc (NASDAQ TWIN) opened at $26.65 on Friday. The stock has a market capitalization of $309.20, a P/E ratio of -204.98 and a beta of 1.55. The company has a current ratio of 2.88, a quick ratio of 1.42 and a debt-to-equity ratio of 0.04. Twin Disc has a 1 year low of $14.81 and a 1 year high of $31.95.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings results on Friday, February 2nd. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. The company had revenue of $56.55 million for the quarter, compared to the consensus estimate of $51.50 million. Twin Disc had a positive return on equity of 2.92% and a negative net margin of 0.70%. Twin Disc’s revenue for the quarter was up 68.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.26) earnings per share. equities analysts forecast that Twin Disc will post 0.44 EPS for the current fiscal year.

In other news, insider John H. Batten sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $27.31, for a total value of $81,930.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jeffrey Scott Knutson sold 1,750 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $28.21, for a total value of $49,367.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,750 shares of company stock worth $267,548. Company insiders own 27.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWIN. Nationwide Fund Advisors lifted its position in shares of Twin Disc by 229.5% in the second 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 in the last quarter. New York State Common Retirement Fund purchased a new position in shares of Twin Disc in the second quarter valued at approximately $147,000. Rhumbline Advisers purchased a new position in shares of Twin Disc in the second quarter valued at approximately $163,000. Advisor Group Inc. lifted its position in shares of Twin Disc by 3.4% in the second 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 in the last quarter. Finally, California State Teachers Retirement System purchased a new position in shares of Twin Disc in the second quarter valued at approximately $244,000. Institutional investors and hedge funds own 51.83% of the company’s stock.

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Twin Disc Company Profile

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.

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