Twin Disc (NASDAQ:TWIN) Shares Break Above 200 Day Moving Average - Time to Sell?

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $21.34 and traded as high as $27.01. Twin Disc shares last traded at $26.79, with a volume of 58,073 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Lake Street Capital assumed coverage on shares of Twin Disc in a research report on Thursday, July 9th. They issued a "buy" rating and a $30.00 price objective on the stock. Wall Street Zen raised shares of Twin Disc from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 12th. Finally, Weiss Ratings upgraded shares of Twin Disc from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Twin Disc presently has an average rating of "Moderate Buy" and an average target price of $30.00.

Twin Disc Stock Performance

The stock has a market cap of $389.53 million, a PE ratio of 11.26 and a beta of 0.59. The company has a fifty day moving average price of $24.86 and a 200 day moving average price of $21.34. The company has a quick ratio of 0.84, a current ratio of 2.35 and a debt-to-equity ratio of 0.13.

Twin Disc (NASDAQ:TWIN - Get Free Report) last released its earnings results on Thursday, August 20th. The industrial products company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.41. The company had revenue of $114.40 million during the quarter, compared to analyst estimates of $100.35 million. Twin Disc had a return on equity of 6.78% and a net margin of 9.06%.

Twin Disc Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th were paid a $0.05 dividend. This is an increase from Twin Disc's previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. Twin Disc's payout ratio is presently 8.40%.

Insiders Place Their Bets

In other Twin Disc news, CFO Jeffrey Knutson sold 7,482 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $24.25, for a total value of $181,438.50. Following the completion of the sale, the chief financial officer owned 164,891 shares in the company, valued at approximately $3,998,606.75. The trade was a 4.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 17,686 shares of company stock valued at $417,606 in the last ninety days. Insiders own 21.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Twin Disc during the 2nd quarter valued at $17,239,000. Gabelli Funds LLC grew its holdings in Twin Disc by 1.5% in the 1st quarter. Gabelli Funds LLC now owns 400,524 shares of the industrial products company's stock worth $6,036,000 after acquiring an additional 6,000 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Twin Disc by 8.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 194,474 shares of the industrial products company's stock worth $2,931,000 after acquiring an additional 14,355 shares during the last quarter. IFP Advisors Inc grew its holdings in Twin Disc by 2.0% in the 2nd quarter. IFP Advisors Inc now owns 120,357 shares of the industrial products company's stock worth $2,792,000 after acquiring an additional 2,368 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Twin Disc in the second quarter valued at about $2,684,000. Institutional investors own 65.25% of the company's stock.

About Twin Disc

Twin Disc, Inc designs, manufactures and sells power transmission and propulsion systems for marine and industrial applications. The company's products include marine transmissions, propulsion systems, controls, surface drives, propellers and related equipment used to transfer power from engines to vessels or machinery.

Its marine offerings serve pleasure craft, commercial vessels and workboats, while its industrial products support applications such as energy, construction, agriculture and other equipment that require power management and transmission solutions.

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