StockNews.com Downgrades Twin Disc (NASDAQ:TWIN) to Buy

StockNews.com lowered shares of Twin Disc (NASDAQ:TWIN) from a strong-buy rating to a buy rating in a research note released on Wednesday morning.

Twin Disc Trading Down 2.0 %

TWIN opened at $8.20 on Wednesday. The stock has a market capitalization of $116.00 million, a PE ratio of 12.24 and a beta of 0.58. Twin Disc has a one year low of $7.35 and a one year high of $18.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 2.11. The business’s 50 day moving average price is $9.57 and its 200 day moving average price is $11.12.

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

Twin Disc Announces Dividend

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

Institutional Trading of Twin Disc

Several institutional investors have recently added to or reduced their stakes in TWIN. Pacific Ridge Capital Partners LLC boosted its position in shares of Twin Disc by 16.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 565,277 shares of the industrial products company’s stock worth $6,642,000 after buying an additional 78,378 shares during the period. JPMorgan Chase & Co. grew its position in Twin Disc by 689.1% in the 4th quarter. JPMorgan Chase & Co. now owns 38,342 shares of the industrial products company’s stock valued at $451,000 after acquiring an additional 33,483 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Twin Disc by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 597,475 shares of the industrial products company’s stock worth $7,020,000 after purchasing an additional 20,470 shares during the period. Skylands Capital LLC lifted its position in shares of Twin Disc by 110.0% during the fourth quarter. Skylands Capital LLC now owns 27,300 shares of the industrial products company’s stock worth $321,000 after purchasing an additional 14,300 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Twin Disc by 36.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,894 shares of the industrial products company’s stock valued at $661,000 after purchasing an additional 14,091 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.

Twin Disc Company Profile

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.