Twin Disc (NASDAQ:TWIN) Shares Pass Above 200-Day Moving Average of $15.11

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.11 and traded as high as $17.12. Twin Disc shares last traded at $16.76, with a volume of 32,829 shares.

Analysts Set New Price Targets

Separately, TheStreet raised Twin Disc from a "c+" rating to a "b-" rating in a report on Monday, March 11th.

Twin Disc Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 2.22. The business has a fifty day simple moving average of $16.10 and a 200 day simple moving average of $15.12. The company has a market cap of $234.64 million, a P/E ratio of 20.60 and a beta of 0.80.

Twin Disc (NASDAQ:TWIN - Get Free Report) last released its earnings results on Wednesday, February 7th. The industrial products company reported $0.07 EPS for the quarter. The company had revenue of $72.99 million for the quarter. Twin Disc had a return on equity of 7.74% and a net margin of 3.75%.

Twin Disc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Thursday, February 15th. Twin Disc's payout ratio is 20.00%.

Institutional Trading of Twin Disc

Institutional investors and hedge funds have recently made changes to their positions in the stock. Qube Research & Technologies Ltd acquired a new stake in shares of Twin Disc during the 3rd quarter worth approximately $30,000. Barclays PLC acquired a new stake in shares of Twin Disc during the 3rd quarter worth approximately $35,000. Ritholtz Wealth Management acquired a new stake in shares of Twin Disc during the 4th quarter worth approximately $164,000. Jane Street Group LLC acquired a new stake in shares of Twin Disc during the 1st quarter worth approximately $105,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Twin Disc during the 3rd quarter worth approximately $171,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Twin Disc Company Profile

Twin Disc, Incorporated designs, manufactures, and sells 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.