Twin Disc (NASDAQ:TWIN) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Twin Disc, Incorporated (NASDAQ:TWIN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.19 and traded as high as $17.79. Twin Disc shares last traded at $17.54, with a volume of 30,135 shares.

Analysts Set New Price Targets

TWIN has been the subject of several analyst reports. Zacks Research raised shares of Twin Disc to a “hold” rating in a research note on Tuesday, December 9th. Weiss Ratings raised Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Wall Street Zen raised Twin Disc from a “hold” rating to a “strong-buy” rating in a report on Saturday, February 7th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Twin Disc currently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Twin Disc Trading Up 2.9%

The company has a market capitalization of $252.93 million, a P/E ratio of 11.69 and a beta of 0.68. The company has a 50-day simple moving average of $17.27 and a 200 day simple moving average of $15.19. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.75 and a current ratio of 2.12.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.17). The business had revenue of $90.18 million during the quarter, compared to the consensus estimate of $92.80 million. Twin Disc had a net margin of 6.26% and a return on equity of 0.02%.

Twin Disc Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, February 18th. Twin Disc’s dividend payout ratio (DPR) is currently 10.67%.

Institutional Investors Weigh In On Twin Disc

Several hedge funds have recently made changes to their positions in TWIN. Global Retirement Partners LLC acquired a new stake in Twin Disc during the fourth quarter worth about $39,000. JPMorgan Chase & Co. lifted its position in shares of Twin Disc by 28.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 1,193 shares during the period. Strs Ohio bought a new stake in shares of Twin Disc in the 1st quarter worth approximately $74,000. Huntington National Bank grew its holdings in shares of Twin Disc by 500,000.0% during the 2nd quarter. Huntington National Bank now owns 10,002 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Corton Capital Inc. bought a new stake in shares of Twin Disc during the second quarter valued at approximately $93,000. Institutional investors own 65.25% of the company’s stock.

Twin Disc Company Profile

Twin Disc, Inc (NASDAQ: TWIN) is a global designer and manufacturer of power transmission equipment for marine and industrial applications. Headquartered in Racine, Wisconsin, the company develops a range of mechanical and digital solutions that control power delivery in demanding environments. Its portfolio includes marine gears, power take-offs, clutches, brakes, transmissions and controllable pitch propeller systems engineered to withstand heavy loads and corrosive conditions.

In addition to original equipment manufacturing, Twin Disc offers aftermarket parts and services, including maintenance, repair and overhaul support through a network of service centers worldwide.