Twin Disc (NASDAQ:TWIN) Upgraded at StockNews.com

StockNews.com upgraded shares of Twin Disc (NASDAQ:TWIN) from a buy rating to a strong-buy rating in a research report sent to investors on Friday.

Twin Disc Stock Up 2.2 %

Shares of Twin Disc stock opened at $11.42 on Friday. The stock’s fifty day moving average is $12.02 and its 200-day moving average is $12.73. The firm has a market capitalization of $161.02 million, a PE ratio of 17.04 and a beta of 0.61. The company has a quick ratio of 0.84, a current ratio of 2.23 and a debt-to-equity ratio of 0.27. Twin Disc has a 12-month low of $10.83 and a 12-month high of $18.00.

Twin Disc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.40%. Twin Disc’s dividend payout ratio is 23.88%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Twin Disc by 6.8% during the first quarter. Vanguard Group Inc. now owns 540,668 shares of the industrial products company’s stock valued at $8,937,000 after buying an additional 34,425 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Twin Disc by 44.3% in the second quarter. Bank of New York Mellon Corp now owns 102,281 shares of the industrial products company’s stock valued at $1,205,000 after purchasing an additional 31,378 shares in the last quarter. Rhumbline Advisers grew its stake in Twin Disc by 1,037.8% in the second quarter. Rhumbline Advisers now owns 13,654 shares of the industrial products company’s stock valued at $161,000 after purchasing an additional 12,454 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Twin Disc by 64.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 36,366 shares of the industrial products company’s stock valued at $601,000 after purchasing an additional 14,218 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Twin Disc in the first quarter valued at about $36,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

About Twin Disc

Twin Disc, Incorporated engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal products include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.