Twin Disc, Incorporated (NASDAQ:TWIN) Short Interest Up 26.0% in May

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 244,100 shares, a growth of 26.0% from the May 15th total of 193,800 shares. Based on an average daily trading volume, of 53,100 shares, the days-to-cover ratio is presently 4.6 days. Approximately 2.2% of the company's stock are short sold.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TWIN. Wall Street Zen lowered Twin Disc from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th. Longbow Research began coverage on Twin Disc in a research report on Thursday, April 17th. They issued a "buy" rating and a $12.00 price target for the company.

Twin Disc Stock Performance

Shares of Twin Disc stock traded up $0.17 during trading hours on Friday, hitting $8.24. 142,276 shares of the company's stock traded hands, compared to its average volume of 45,204. Twin Disc has a 12-month low of $6.16 and a 12-month high of $14.98. The stock has a market capitalization of $116.60 million, a price-to-earnings ratio of 28.41 and a beta of 0.77. The company has a fifty day simple moving average of $7.23 and a 200-day simple moving average of $9.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 0.86.

Twin Disc (NASDAQ:TWIN - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.32). Twin Disc had a net margin of 1.25% and a return on equity of 0.75%. The business had revenue of $812.42 million for the quarter, compared to analysts' expectations of $93.30 million.

Twin Disc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.94%. The ex-dividend date was Monday, May 19th. Twin Disc's dividend payout ratio (DPR) is currently 55.17%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio purchased a new position in Twin Disc during the 1st quarter valued at about $74,000. Goldman Sachs Group Inc. grew its holdings in Twin Disc by 19.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 41,712 shares of the industrial products company's stock valued at $316,000 after buying an additional 6,774 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in Twin Disc by 2.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,673,799 shares of the industrial products company's stock valued at $12,671,000 after buying an additional 43,647 shares in the last quarter. Nuveen LLC purchased a new position in Twin Disc during the 1st quarter valued at about $114,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Twin Disc by 12.6% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 59,839 shares of the industrial products company's stock worth $453,000 after purchasing an additional 6,714 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

About Twin Disc

Twin Disc, Incorporated engages in the design, manufacture, and sale of 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.