Twin Disc (NASDAQ:TWIN) Stock Price Passes Above Two Hundred Day Moving Average of $15.11

Twin Disc, Incorporated (NASDAQ:TWIN)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $15.11 and traded as high as $17.12. Twin Disc shares last traded at $16.76, with a volume of 32,829 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded Twin Disc from a “c+” rating to a “b-” rating in a report on Monday, March 11th.

Twin Disc Trading Down 0.8 %

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 2.22. The company has a 50-day moving average price of $16.08 and a 200-day moving average price of $15.11. The firm has a market capitalization of $234.64 million, a price-to-earnings ratio of 20.95 and a beta of 0.80.

Twin Disc (NASDAQ:TWIN) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $0.07 EPS for the quarter. Twin Disc had a net margin of 3.75% and a return on equity of 7.74%. The business had revenue of $72.99 million for the quarter.

Twin Disc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, February 15th. Twin Disc’s payout ratio is 20.00%.

Institutional Investors Weigh In On Twin Disc

A number of hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Twin Disc by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 92,589 shares of the industrial products company’s stock worth $899,000 after purchasing an additional 1,165 shares during the period. State Street Corp increased its holdings in Twin Disc by 4.9% during the 1st quarter. State Street Corp now owns 34,305 shares of the industrial products company’s stock valued at $571,000 after acquiring an additional 1,592 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Twin Disc by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 522,229 shares of the industrial products company’s stock worth $5,075,000 after purchasing an additional 1,822 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Twin Disc in the 3rd quarter valued at approximately $30,000. Finally, Barclays PLC purchased a new position in Twin Disc during the third quarter worth $35,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Twin Disc Company Profile

Twin Disc, Incorporated designs, manufactures, and sells 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.