Twin Disc (NASDAQ:TWIN) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.73 and traded as high as $9.92. Twin Disc shares last traded at $9.23, with a volume of 58,868 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TWIN shares. Wall Street Zen downgraded shares of Twin Disc from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th. Longbow Research started coverage on shares of Twin Disc in a research note on Thursday, April 17th. They set a "buy" rating and a $12.00 price target on the stock.

Twin Disc Stock Down 4.6%

The firm's 50-day moving average price is $7.78 and its 200-day moving average price is $8.73. The company has a market cap of $130.60 million, a price-to-earnings ratio of 31.83 and a beta of 0.82. 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 released its quarterly earnings data 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 return on equity of 0.75% and a net margin of 1.25%. The business had revenue of $812.42 million during the quarter, compared to analyst estimates of $93.30 million.

Twin Disc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Monday, May 19th. Twin Disc's dividend payout ratio (DPR) is 55.17%.

Hedge Funds Weigh In On Twin Disc

A number of institutional investors have recently added to or reduced their stakes in TWIN. Strs Ohio acquired a new position in Twin Disc in the 1st quarter worth $74,000. Central Pacific Bank Trust Division lifted its holdings in Twin Disc by 566.7% in the 1st 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. Deutsche Bank AG acquired a new position in Twin Disc in the 4th quarter worth $101,000. Nuveen LLC acquired a new position in Twin Disc in the 1st quarter worth $114,000. Finally, Bank of America Corp DE lifted its holdings in Twin Disc by 75.7% in the 4th quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company's stock worth $173,000 after buying an additional 6,344 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company's 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.

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