Twin Disc, Incorporated (NASDAQ:TWIN) Plans $0.04 Quarterly Dividend

Key Points

• Twin Disc, Incorporated declared a quarterly dividend of $0.04 per share, with an ex-dividend date of August 18th and payment date of September 1st.
• The company's latest earnings report showed a loss of $0.11 per share, significantly missing the consensus estimate, while revenue was reported at $812.42 million.
• Analysts have mixed ratings on Twin Disc, with one firm issuing a "buy" rating and a $12 price target, while another downgraded it from "strong-buy" to "hold."

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report) declared a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Investors of record on Monday, August 18th will be paid a dividend of 0.04 per share by the industrial products company on Monday, September 1st. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, August 18th.

Twin Disc has a payout ratio of 14.3% indicating that its dividend is sufficiently covered by earnings.

Twin Disc Stock Performance

NASDAQ TWIN traded up $0.04 during trading hours on Wednesday, hitting $8.97. 10,689 shares of the company's stock traded hands, compared to its average volume of 55,238. The firm has a market capitalization of $126.89 million, a P/E ratio of 31.10 and a beta of 0.81. Twin Disc has a 52 week low of $6.16 and a 52 week high of $13.40. The business's fifty day moving average price is $8.69 and its two-hundred day moving average price is $8.32. The company has a current ratio of 2.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.25.

Institutional Investors Weigh In On Twin Disc

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio acquired a new stake in Twin Disc during the 1st quarter worth $74,000. Central Pacific Bank Trust Division grew its position in shares of Twin Disc by 566.7% during the first quarter. Central Pacific Bank Trust Division now owns 10,000 shares of the industrial products company's stock worth $76,000 after buying an additional 8,500 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Twin Disc by 500,000.0% in the second quarter. Huntington National Bank now owns 10,002 shares of the industrial products company's stock valued at $88,000 after acquiring an additional 10,000 shares during the period. Corton Capital Inc. purchased a new stake in shares of Twin Disc during the second quarter worth approximately $93,000. Finally, Deutsche Bank AG purchased a new position in Twin Disc in the fourth quarter worth $101,000. Institutional investors and hedge funds 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.