Shares of Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.79 and traded as high as $14.93. Twin Disc shares last traded at $14.48, with a volume of 52,945 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded shares of Twin Disc from a "hold" rating to a "strong-buy" rating in a report on Saturday, September 13th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $12.00.
Read Our Latest Stock Analysis on TWIN
Twin Disc Price Performance
The company has a debt-to-equity ratio of 0.17, a current ratio of 1.96 and a quick ratio of 0.75. The company's 50 day moving average price is $10.82 and its 200 day moving average price is $8.79. The firm has a market capitalization of $208.37 million, a P/E ratio of -103.42 and a beta of 0.86.
Twin Disc (NASDAQ:TWIN - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The industrial products company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.16). Twin Disc had a negative net margin of 0.56% and a negative return on equity of 1.22%. The company had revenue of $96.68 million for the quarter, compared to the consensus estimate of $93.00 million.
Twin Disc Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 18th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, August 18th. Twin Disc's dividend payout ratio is -114.29%.
Hedge Funds Weigh In On Twin Disc
A number of hedge funds and other institutional investors have recently bought and sold shares of TWIN. Strs Ohio bought a new position in Twin Disc in the first quarter valued at approximately $74,000. Central Pacific Bank Trust Division boosted its stake in Twin Disc by 566.7% in the first quarter. Central Pacific Bank Trust Division now owns 10,000 shares of the industrial products company's stock valued at $76,000 after acquiring an additional 8,500 shares during the last quarter. Huntington National Bank boosted its stake in 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 last quarter. Corton Capital Inc. bought a new position in Twin Disc in the second quarter valued at approximately $93,000. Finally, Deutsche Bank AG bought a new position in Twin Disc in the fourth quarter valued at approximately $101,000. 65.25% of the stock is owned by institutional investors.
About Twin Disc
(
Get Free Report)
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.
Further Reading
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