Twin Disc (NASDAQ:TWIN) Stock Price Passes Above 200 Day Moving Average - Here's Why

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report)'s share price 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.

Wall Street Analyst Weigh In

TWIN has been the subject of a number of research analyst reports. Wall Street Zen lowered 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 report on Thursday, April 17th. They issued a "buy" rating and a $12.00 price objective for the company.

Twin Disc Stock Down 0.7%

The firm's fifty day moving average price is $7.92 and its 200-day moving average price is $8.73. 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 firm has a market capitalization of $132.73 million, a P/E ratio of 32.35 and a beta of 0.82.

Twin Disc (NASDAQ:TWIN - Get Free Report) last announced 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). The business had revenue of $812.42 million during the quarter, compared to analyst estimates of $93.30 million. Twin Disc had a return on equity of 0.75% and a net margin of 1.25%.

Twin Disc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a dividend of $0.04 per share. 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 1.71%. Twin Disc's dividend payout ratio is currently 55.17%.

Institutional Investors Weigh In On Twin Disc

Large investors have recently made changes to their positions in the company. Deutsche Bank AG acquired a new stake in shares of Twin Disc during the fourth quarter valued at approximately $101,000. Strs Ohio purchased a new position in Twin Disc during the first quarter valued at approximately $74,000. Central Pacific Bank Trust Division grew its position in 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 valued at $76,000 after purchasing an additional 8,500 shares in the last quarter. Bank of America Corp DE grew its position in Twin Disc by 75.7% during the fourth quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company's stock valued at $173,000 after purchasing an additional 6,344 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Twin Disc during the first quarter valued at approximately $114,000. 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.