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

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report) declared a quarterly dividend on Friday, May 9th, Wall Street Journal reports. Stockholders of record on Monday, May 19th will be paid a dividend of 0.04 per share by the industrial products company on Monday, June 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Monday, May 19th.

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

Twin Disc Trading Up 0.7%

NASDAQ:TWIN traded up $0.05 on Friday, reaching $7.44. 46,891 shares of the stock traded hands, compared to its average volume of 43,273. The firm has a market capitalization of $105.26 million, a price-to-earnings ratio of 11.10 and a beta of 0.76. The company's 50 day moving average is $7.30 and its 200-day moving average is $9.76. The company has a current ratio of 2.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. Twin Disc has a 1-year low of $6.16 and a 1-year high of $14.98.

Twin Disc (NASDAQ:TWIN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.32). Twin Disc had a net margin of 2.92% and a return on equity of 4.24%. The firm had revenue of $812.42 million during the quarter, compared to the consensus estimate of $93.30 million.

Institutional Trading of Twin Disc

A hedge fund recently raised its stake in Twin Disc stock. Goldman Sachs Group Inc. boosted its stake in Twin Disc, Incorporated (NASDAQ:TWIN - Free Report) by 19.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,712 shares of the industrial products company's stock after purchasing an additional 6,774 shares during the quarter. Goldman Sachs Group Inc. owned about 0.29% of Twin Disc worth $316,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 65.25% of the company's stock.

Analyst Ratings Changes

TWIN has been the topic of a number of research analyst reports. StockNews.com cut shares of Twin Disc from a "strong-buy" rating to a "hold" rating in a research report on Friday. Longbow Research started coverage on Twin Disc in a research report on Thursday, April 17th. They set a "buy" rating and a $12.00 target price on the stock.

Twin Disc Company Profile

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.