Twin Disc (NASDAQ:TWIN) Upgraded 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 report released on Tuesday morning.

Twin Disc Price Performance

Shares of Twin Disc stock opened at $7.72 on Tuesday. Twin Disc has a twelve month low of $7.35 and a twelve month high of $18.00. The company has a quick ratio of 0.86, a current ratio of 2.11 and a debt-to-equity ratio of 0.15. The company has a 50-day simple moving average of $9.91 and a two-hundred day simple moving average of $11.28. The stock has a market capitalization of $109.21 million, a price-to-earnings ratio of 11.52 and a beta of 0.58.

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

Twin Disc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, February 14th. Twin Disc’s payout ratio is presently 23.88%.

Hedge Funds Weigh In On Twin Disc

Hedge funds and other institutional investors have recently made changes to their positions in the company. MetLife Investment Management LLC raised its position in shares of Twin Disc by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock valued at $83,000 after buying an additional 3,767 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of Twin Disc in the 4th quarter valued at approximately $101,000. Bank of America Corp DE raised its position in shares of Twin Disc by 75.7% in the 4th quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company’s stock valued at $173,000 after buying an additional 6,344 shares in the last quarter. Barclays PLC raised its position in shares of Twin Disc by 280.7% in the 3rd quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock valued at $186,000 after buying an additional 10,959 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Twin Disc by 753.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company’s stock valued at $194,000 after buying an additional 13,686 shares in 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.