Twin Disc, Incorporated (NASDAQ:TWIN) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 128,700 shares, a drop of 10.1% from the June 30th total of 143,100 shares. Based on an average trading volume of 33,900 shares, the days-to-cover ratio is currently 3.8 days. Approximately 1.3% of the shares of the company are short sold.

TWIN traded down $0.38 during trading hours on Thursday, hitting $9.97. The stock had a trading volume of 52,600 shares, compared to its average volume of 29,472. The company’s fifty day simple moving average is $13.08 and its 200 day simple moving average is $15.38. Twin Disc has a 1 year low of $9.72 and a 1 year high of $26.94. The stock has a market cap of $137.80 million, a PE ratio of 12.01 and a beta of 2.00. The company has a quick ratio of 1.16, a current ratio of 3.00 and a debt-to-equity ratio of 0.32.

Twin Disc (NASDAQ:TWIN) last posted its earnings results on Friday, August 9th. The industrial products company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.20). The company had revenue of $72.45 million for the quarter, compared to analysts’ expectations of $72.85 million. Twin Disc had a net margin of 4.07% and a return on equity of 6.76%. As a group, equities analysts expect that Twin Disc will post 0.19 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA grew its holdings in Twin Disc by 606.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,020 shares of the industrial products company’s stock valued at $34,000 after buying an additional 1,734 shares in the last quarter. Rhumbline Advisers grew its holdings in Twin Disc by 5.0% during the 1st quarter. Rhumbline Advisers now owns 13,848 shares of the industrial products company’s stock valued at $231,000 after buying an additional 665 shares in the last quarter. Bank of America Corp DE grew its holdings in Twin Disc by 17.3% during the 4th quarter. Bank of America Corp DE now owns 18,103 shares of the industrial products company’s stock valued at $267,000 after buying an additional 2,670 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Twin Disc by 8.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 23,813 shares of the industrial products company’s stock valued at $360,000 after buying an additional 1,948 shares in the last quarter. Finally, LPL Financial LLC purchased a new position in Twin Disc during the 2nd quarter valued at about $456,000. 57.05% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently weighed in on TWIN. BidaskClub lowered Twin Disc from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. ValuEngine raised Twin Disc from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research lowered Twin Disc from a “hold” rating to a “strong sell” rating in a report on Saturday, August 3rd. Robert W. Baird set a $14.00 price objective on Twin Disc and gave the stock a “hold” rating in a report on Monday. Finally, TheStreet lowered Twin Disc from a “b-” rating to a “c+” rating in a report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.33.

About Twin Disc

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. The company operates through two segments, Manufacturing and Distribution. Its products include marine transmissions, surface drives, propellers, and boat management systems; and power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.

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