Twin Disc (NASDAQ:TWIN) Now Covered by Analysts at Lake Street Capital

Lake Street Capital started coverage on shares of Twin Disc (NASDAQ:TWIN) in a research report released on Thursday, MarketBeat Ratings reports. The firm issued a buy rating and a $30.00 price target on the industrial products company’s stock.

A number of other brokerages have also recently commented on TWIN. Weiss Ratings upgraded Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Wall Street Zen cut Twin Disc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Twin Disc Stock Performance

Shares of TWIN opened at $23.10 on Thursday. The firm has a market capitalization of $333.10 million, a P/E ratio of 12.55 and a beta of 0.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 0.81. The business has a fifty day moving average of $19.45 and a 200 day moving average of $17.85. Twin Disc has a one year low of $8.03 and a one year high of $24.50.

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

Twin Disc Announces Dividend

The firm 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. The ex-dividend date 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 is presently 8.70%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ritholtz Wealth Management lifted its stake in shares of Twin Disc by 350.6% in the 4th quarter. Ritholtz Wealth Management now owns 60,464 shares of the industrial products company’s stock valued at $1,009,000 after purchasing an additional 47,045 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Twin Disc by 105.1% during 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 buying an additional 92,284 shares in the last quarter. Mink Brook Asset Management LLC grew its position in Twin Disc by 385.8% during the third quarter. Mink Brook Asset Management LLC now owns 298,520 shares of the industrial products company’s stock valued at $4,161,000 after buying an additional 237,073 shares during the period. North Star Investment Management Corp. purchased a new position in Twin Disc in the first quarter valued at $874,000. Finally, Meros Investment Management LP acquired a new position in shares of Twin Disc in the fourth quarter worth about $911,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

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.