Twin Disc (NASDAQ:TWIN) Shares Pass Above 200 Day Moving Average - Here's Why

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.66 and traded as high as $9.57. Twin Disc shares last traded at $9.12, with a volume of 49,110 shares.

Wall Street Analysts Forecast Growth

TWIN has been the subject of a number of analyst reports. Wall Street Zen cut Twin Disc from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. Longbow Research initiated coverage on Twin Disc in a research note on Thursday, April 17th. They set a "buy" rating and a $12.00 target price for the company.

Twin Disc Price Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 0.86. The company has a 50-day simple moving average of $8.16 and a two-hundred day simple moving average of $8.62. The stock has a market capitalization of $121.53 million, a price-to-earnings ratio of 29.62 and a beta of 0.82.

Twin Disc (NASDAQ:TWIN - Get Free Report) last issued its quarterly earnings results 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 1.25% and a return on equity of 0.75%. The business had revenue of $812.42 million for the quarter, compared to analyst estimates of $93.30 million.

Twin Disc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a $0.04 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.86%. Twin Disc's dividend payout ratio (DPR) is 55.17%.

Institutional Investors Weigh In On Twin Disc

Hedge funds have recently bought and sold shares of the business. Strs Ohio purchased a new stake in shares of Twin Disc during the 1st quarter worth about $74,000. Central Pacific Bank Trust Division raised its stake in shares of Twin Disc by 566.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 10,000 shares of the industrial products company's stock worth $76,000 after purchasing an additional 8,500 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Twin Disc during the 4th quarter worth about $101,000. Nuveen LLC purchased a new stake in shares of Twin Disc during the 1st quarter worth about $114,000. Finally, Bank of America Corp DE raised its stake in shares of Twin Disc by 75.7% during the 4th quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company's stock worth $173,000 after purchasing an additional 6,344 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

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.