The stock of Twin Disc, Incorporated (NASDAQ:TWIN) hit a new 52-week high and has $14.72 target or 8.00% above today’s $13.63 share price. The 6 months bullish chart indicates low risk for the $164.92M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $14.72 price target is reached, the company will be worth $13.19M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.22% or $0.03 on November 25, hitting $13.63. About 25,611 shares traded hands or 41.43% up from the average. Twin Disc, Incorporated (NASDAQ:TWIN) has risen 6.21% since April 22, 2016 and is uptrending. It has outperformed by 0.80% the S&P500.
Analysts await Twin Disc, Incorporated (NASDAQ:TWIN) to report earnings on February, 7. They expect $-0.20 EPS, down 11.11% or $0.02 from last year’s $-0.18 per share. After $-0.24 actual EPS reported by Twin Disc, Incorporated for the previous quarter, Wall Street now forecasts -16.67% EPS growth.
Twin Disc, Incorporated (NASDAQ:TWIN) Ratings Coverage
Out of 2 analysts covering Twin Disc Inc (NASDAQ:TWIN), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Twin Disc Inc has been the topic of 2 analyst reports since January 7, 2016 according to StockzIntelligence Inc. The rating was downgraded by Seaport Global on Wednesday, April 27 to “Neutral”.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 0.68 in 2016 Q2. Its up 0.05, from 0.63 in 2016Q1. The ratio is positive, as 20 funds sold all Twin Disc, Incorporated shares owned while 18 reduced positions. 15 funds bought stakes while 9 increased positions. They now own 4.97 million shares or 13.81% less from 5.76 million shares in 2016Q1.
Susquehanna Intl Group Incorporated Llp holds 10,745 shares or 0% of its portfolio. Lafitte Lp holds 0.71% of its portfolio in Twin Disc, Incorporated (NASDAQ:TWIN) for 100,000 shares. Blackrock Invest Mgmt Llc has 0% invested in the company for 1,491 shares. Credit Suisse Ag owns 22,767 shares or 0% of their US portfolio. Wells Fargo & Mn holds 28,411 shares or 0% of its portfolio. Blackrock Advsr Limited Liability Corp has 1,831 shares for 0% of their US portfolio. Moreover, Vanguard Gru Incorporated has 0% invested in Twin Disc, Incorporated (NASDAQ:TWIN) for 333,611 shares. Dimensional Fund Advsr Limited Partnership has invested 0% of its portfolio in Twin Disc, Incorporated (NASDAQ:TWIN). Millennium Management Ltd Co last reported 34,735 shares in the company. Financial Bank Of Montreal Can accumulated 0% or 3,381 shares. Rutabaga Cap Mngmt Limited Ma, a Massachusetts-based fund reported 6,198 shares. The New York-based Tower Ltd Liability Com (Trc) has invested 0% in Twin Disc, Incorporated (NASDAQ:TWIN). California Employees Retirement owns 41,500 shares or 0% of their US portfolio. Renaissance Techs Ltd Company has 108,000 shares for 0% of their US portfolio. Pacific Ridge Lc has 1.19% invested in the company for 244,120 shares.
Another recent and important Twin Disc, Incorporated (NASDAQ:TWIN) news was published by Twst.com which published an article titled: “Twin Disc Incorporated: Twin Disc, Inc. Announces Fiscal 2017 First-Quarter …” on October 24, 2016.
TWIN Company Profile
Twin Disc, Incorporated, incorporated on September 12, 1918, designs, makes and sells marine and heavy duty off-highway power transmission equipment. The Firm operates through two divisions: manufacturing and distribution. The Company’s 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. The Company’s industrial products include clutches, power take-offs and pump drives sold to the agriculture, recycling, construction, and gas and oil markets. The Company’s land transmission products include applications for oilfield and natural gas, military, and airport rescue and firefighting. The Company’s marine and propulsion systems include marine transmission, controls, surface drives, propellers and boat management systems for the global commercial, pleasure craft and patrol boat markets. The Company’s other products include non-Company manufactured product sold through Company-owned distribution entities.
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