Twin Disc (NASDAQ:TWIN) Shares Cross Above 200 Day Moving Average – Here’s What Happened

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 $17.76 and traded as high as $23.00. Twin Disc shares last traded at $21.88, with a volume of 183,860 shares trading hands.

Wall Street Analyst Weigh In

TWIN has been the topic of several recent research reports. Wall Street Zen cut shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 6th. Weiss Ratings raised shares of Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Twin Disc Price Performance

The firm has a market capitalization of $315.58 million, a P/E ratio of 11.89 and a beta of 0.64. The stock’s fifty day simple moving average is $19.26 and its 200 day simple moving average is $17.76. 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 released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Twin Disc had a net margin of 7.32% and a return on equity of 2.77%. The firm had revenue of $96.69 million during the quarter, compared to the consensus estimate of $94.70 million.

Twin Disc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were given a $0.04 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.7%. Twin Disc’s dividend payout ratio (DPR) is presently 8.70%.

Institutional Investors Weigh In On Twin Disc

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new stake in Twin Disc in the fourth quarter worth about $39,000. JPMorgan Chase & Co. increased its holdings in shares of Twin Disc by 28.6% during the third quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 1,193 shares in the last quarter. Strs Ohio purchased a new position in shares of Twin Disc in the 1st quarter valued at approximately $74,000. Barclays PLC boosted its stake in Twin Disc by 549.5% in the 4th quarter. Barclays PLC now owns 14,452 shares of the industrial products company’s stock worth $241,000 after purchasing an additional 12,227 shares in the last quarter. Finally, Hudson Bay Capital Management LP acquired a new stake in Twin Disc in the 4th quarter worth approximately $259,000. 65.25% of the stock is currently owned by hedge funds and other 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.