Twin Disc (NASDAQ:TWIN) CFO Sells 5,902 Shares of Stock

Key Points

• Twin Disc CFO Jeffrey Scott Knutson sold 5,902 shares at an average price of $23.25, generating $137,221.50 and reducing his direct holdings by 3.31%. He also reported additional sales of 7,482 shares on September 8 and 4,302 shares on September 3.
• Twin Disc shares rose 2.3% to $24.41, near the company’s 52-week high of $25.50. The company recently reported quarterly EPS of $0.64, well above the $0.23 consensus estimate, while revenue of $114.4 million also exceeded expectations.
• The company increased its quarterly dividend from $0.04 to $0.05 per share, equivalent to a $0.20 annualized payout and a 0.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $30.00.

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report) CFO Jeffrey Scott Knutson sold 5,902 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $23.25, for a total transaction of $137,221.50. Following the completion of the sale, the chief financial officer directly owned 172,373 shares of the company's stock, valued at approximately $4,007,672.25. This represents a 3.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Jeffrey Scott Knutson also recently made the following trade(s):

• On Tuesday, September 8th, Jeffrey Scott Knutson sold 7,482 shares of Twin Disc stock. The stock was sold at an average price of $24.25, for a total value of $181,438.50.
• On Thursday, September 3rd, Jeffrey Scott Knutson sold 4,302 shares of Twin Disc stock. The shares were sold at an average price of $23.00, for a total value of $98,946.00.

Twin Disc Trading Up 2.3%

Shares of TWIN stock traded up $0.56 on Tuesday, reaching $24.41. 82,450 shares of the stock were exchanged, compared to its average volume of 82,941. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 0.81. Twin Disc, Incorporated has a one year low of $12.79 and a one year high of $25.50. The stock has a market cap of $351.99 million, a PE ratio of 10.26 and a beta of 0.67. The stock has a 50 day moving average price of $23.20 and a 200 day moving average price of $19.61.

Twin Disc (NASDAQ:TWIN - Get Free Report) last posted its quarterly earnings results on Thursday, August 20th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.41. The business had revenue of $114.40 million for the quarter, compared to analysts' expectations of $100.35 million. Twin Disc had a return on equity of 7.19% and a net margin of 9.06%.

Twin Disc Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th were issued a $0.05 dividend. This is an increase from Twin Disc's previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date was Tuesday, August 18th. Twin Disc's dividend payout ratio (DPR) is currently 8.40%.

Analyst Ratings Changes

Several analysts have commented on the stock. Lake Street Capital initiated coverage on shares of Twin Disc in a research report on Thursday, July 9th. They set a "buy" rating and a $30.00 target price for the company. Weiss Ratings upgraded Twin Disc from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, June 12th. Finally, Wall Street Zen cut Twin Disc from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 6th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.00.

Institutional Investors Weigh In On Twin Disc

A number of hedge funds have recently modified their holdings of the business. State Street Corp lifted its holdings in shares of Twin Disc by 2.3% during the 4th quarter. State Street Corp now owns 44,105 shares of the industrial products company's stock valued at $736,000 after purchasing an additional 1,000 shares in the last quarter. Legal & General Group Plc acquired a new stake in Twin Disc during the 2nd quarter worth approximately $26,000. JPMorgan Chase & Co. raised its holdings in Twin Disc by 28.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company's stock worth $75,000 after buying an additional 1,193 shares during the period. First Trust Advisors LP lifted its stake in Twin Disc by 4.1% in the second quarter. First Trust Advisors LP now owns 35,168 shares of the industrial products company's stock valued at $311,000 after buying an additional 1,378 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Twin Disc by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 131,241 shares of the industrial products company's stock valued at $2,190,000 after buying an additional 1,550 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

About Twin Disc

Twin Disc, Inc NASDAQ: TWIN is a global designer and manufacturer of power transmission equipment for marine and industrial applications. Headquartered in Racine, Wisconsin, the company develops a range of mechanical and digital solutions that control power delivery in demanding environments. Its portfolio includes marine gears, power take-offs, clutches, brakes, transmissions and controllable pitch propeller systems engineered to withstand heavy loads and corrosive conditions.

In addition to original equipment manufacturing, Twin Disc offers aftermarket parts and services, including maintenance, repair and overhaul support through a network of service centers worldwide.

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