Twin Disc (NASDAQ:TWIN) Raised to Strong-Buy at StockNews.com

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

Twin Disc Price Performance

NASDAQ TWIN opened at $8.21 on Friday. The company has a current ratio of 2.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $10.45 and a 200 day simple moving average of $11.54. The company has a market cap of $116.14 million, a P/E ratio of 12.25 and a beta of 0.58. Twin Disc has a 1 year low of $8.07 and a 1 year high of $18.00.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. Twin Disc had a net margin of 2.92% and a return on equity of 4.24%.

Twin Disc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.95%. The ex-dividend date was Friday, February 14th. Twin Disc’s payout ratio is currently 23.88%.

Hedge Funds Weigh In On Twin Disc

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in Twin Disc by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 250,924 shares of the industrial products company’s stock valued at $3,134,000 after purchasing an additional 3,109 shares during the last quarter. Empowered Funds LLC raised its stake in Twin Disc by 26.0% during the 4th quarter. Empowered Funds LLC now owns 17,427 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 3,596 shares during the last quarter. State Street Corp raised its stake in Twin Disc by 2.3% during the 3rd quarter. State Street Corp now owns 123,880 shares of the industrial products company’s stock valued at $1,547,000 after purchasing an additional 2,835 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Twin Disc by 753.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 13,686 shares during the last quarter. Finally, Barclays PLC raised its stake in Twin Disc by 280.7% during the 3rd quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock valued at $186,000 after purchasing an additional 10,959 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

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.