Twin Disc (NASDAQ:TWIN) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Twin Disc, Incorporated (NASDAQ:TWIN)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.68 and traded as high as $17.22. Twin Disc shares last traded at $17.06, with a volume of 93,321 shares traded.

Analysts Set New Price Targets

Several research firms have weighed in on TWIN. Weiss Ratings raised shares of Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, April 16th. Wall Street Zen raised shares of Twin Disc from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Twin Disc Trading Up 6.7%

The stock has a market capitalization of $246.01 million, a P/E ratio of 9.27 and a beta of 0.71. The firm’s 50 day moving average price is $16.67 and its 200 day moving average price is $16.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 0.81.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $96.69 million for the quarter, compared to the consensus estimate of $94.70 million. Twin Disc had a net margin of 7.32% and a return on equity of 2.77%.

Twin Disc Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, May 18th. Twin Disc’s dividend payout ratio is presently 8.70%.

Hedge Funds Weigh In On Twin Disc

A number of institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its stake in Twin Disc by 34.7% in the first quarter. Bank of America Corp DE now owns 18,437 shares of the industrial products company’s stock worth $278,000 after buying an additional 4,753 shares in the last quarter. Empowered Funds LLC raised its stake in Twin Disc by 8.5% in the first quarter. Empowered Funds LLC now owns 26,786 shares of the industrial products company’s stock worth $404,000 after buying an additional 2,099 shares in the last quarter. Gabelli Funds LLC raised its stake in Twin Disc by 1.5% in the first quarter. Gabelli Funds LLC now owns 400,524 shares of the industrial products company’s stock worth $6,036,000 after buying an additional 6,000 shares in the last quarter. Sei Investments Co. raised its stake in Twin Disc by 92.8% in the first quarter. Sei Investments Co. now owns 70,471 shares of the industrial products company’s stock worth $1,062,000 after buying an additional 33,919 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Twin Disc by 8.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 194,474 shares of the industrial products company’s stock worth $2,931,000 after buying an additional 14,355 shares in the last quarter. 65.25% of the stock is owned by institutional investors.

About Twin Disc

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.