Twin Disc (NASDAQ:TWIN) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Twin Disc, Incorporated (NASDAQ:TWIN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.73 and traded as high as $18.17. Twin Disc shares last traded at $18.01, with a volume of 79,101 shares.

Analyst Upgrades and Downgrades

TWIN has been the subject of several recent analyst reports. Wall Street Zen raised Twin Disc from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings downgraded Twin Disc from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Twin Disc Stock Performance

The stock has a market capitalization of $259.70 million, a PE ratio of 9.79 and a beta of 0.71. The company has a quick ratio of 0.81, a current ratio of 2.09 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average price of $16.96 and a 200-day moving average price of $16.73.

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

Twin Disc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, May 18th. Twin Disc’s dividend payout ratio (DPR) is presently 8.70%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Twin Disc by 105.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 180,119 shares of the industrial products company’s stock worth $3,004,000 after purchasing an additional 92,284 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of Twin Disc by 350.6% in the fourth quarter. Ritholtz Wealth Management now owns 60,464 shares of the industrial products company’s stock worth $1,009,000 after purchasing an additional 47,045 shares during the last quarter. Teton Advisors LLC purchased a new position in shares of Twin Disc in the third quarter worth about $1,359,000. Mink Brook Asset Management LLC raised its stake in shares of Twin Disc by 385.8% in the third quarter. Mink Brook Asset Management LLC now owns 298,520 shares of the industrial products company’s stock worth $4,161,000 after purchasing an additional 237,073 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Twin Disc by 1.1% in the third quarter. IFP Advisors Inc now owns 108,408 shares of the industrial products company’s stock worth $1,512,000 after purchasing an additional 1,206 shares during the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

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.