Twin Disc, Incorporated (NASDAQ:TWIN) CEO Sells $107,574.48 in Stock

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report) CEO John H. Batten sold 7,662 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $14.04, for a total value of $107,574.48. Following the sale, the chief executive officer now owns 378,388 shares in the company, valued at $5,312,567.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Twin Disc Price Performance

NASDAQ:TWIN traded up $0.24 on Friday, reaching $14.24. 27,373 shares of the company's stock traded hands, compared to its average volume of 26,933. The company has a quick ratio of 0.90, a current ratio of 2.22 and a debt-to-equity ratio of 0.19. The stock has a 50-day simple moving average of $16.02 and a 200-day simple moving average of $15.47. The firm has a market cap of $199.36 million, a PE ratio of 16.23 and a beta of 0.78. Twin Disc, Incorporated has a 12 month low of $10.80 and a 12 month high of $18.00.

Twin Disc (NASDAQ:TWIN - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.27 EPS for the quarter. The business had revenue of $74.16 million for the quarter. Twin Disc had a return on equity of 8.42% and a net margin of 4.13%.

Twin Disc Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $0.16 annualized dividend and a dividend yield of 1.12%. Twin Disc's dividend payout ratio (DPR) is 18.39%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Twin Disc

Several large investors have recently made changes to their positions in TWIN. Barclays PLC purchased a new position in Twin Disc in the third quarter worth about $35,000. Janney Montgomery Scott LLC purchased a new position in Twin Disc in the third quarter worth about $455,000. Acadian Asset Management LLC grew its position in Twin Disc by 31.5% in the third quarter. Acadian Asset Management LLC now owns 54,123 shares of the industrial products company's stock worth $740,000 after acquiring an additional 12,971 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in Twin Disc in the third quarter worth about $171,000. Finally, Citigroup Inc. purchased a new position in Twin Disc in the third quarter worth about $254,000. 65.25% of the stock is owned by institutional investors.

About Twin Disc

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.

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