Insider Selling: Twin Disc CFO Unloads $420,420 in Stock (TWIN)
Twin Disc (NASDAQ:TWIN) CFO Christopher J. Eperjesy sold 13,000 shares of Twin Disc stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $32.34, for a total value of $420,420.00. Following the completion of the transaction, the chief financial officer now directly owns 51,488 shares in the company, valued at approximately $1,665,122. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Twin Disc (NASDAQ:TWIN) traded down 0.21% on Wednesday, hitting $32.61. 20,970 shares of the company’s stock traded hands. Twin Disc has a 52 week low of $18.67 and a 52 week high of $34.34. The stock’s 50-day moving average is $31.58 and its 200-day moving average is $28.42. The company has a market cap of $367.2 million and a P/E ratio of 102.12.
Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.03. The company had revenue of $73.56 million for the quarter, compared to the consensus estimate of $74.90 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, analysts predict that Twin Disc will post $1.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, August 13th.
Separately, analysts at Zacks upgraded shares of Twin Disc from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 7th. They now have a $35.40 price target on the stock.
Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment.
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