Twin Disc (NASDAQ:TWIN) Shares Cross Above 200 Day Moving Average – What’s Next?

Twin Disc, Incorporated (NASDAQ:TWIN)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.72 and traded as high as $17.14. Twin Disc shares last traded at $17.10, with a volume of 23,603 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Zacks Research raised shares of Twin Disc to a “hold” rating in a research note on Tuesday, December 9th. Wall Street Zen upgraded shares of Twin Disc from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Twin Disc in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Twin Disc currently has an average rating of “Hold” and an average price target of $12.00.

Twin Disc Stock Performance

The company has a current ratio of 2.08, a quick ratio of 0.79 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $246.07 million, a P/E ratio of 855.00 and a beta of 0.72. The business’s 50 day simple moving average is $15.79 and its two-hundred day simple moving average is $12.72.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings results on Wednesday, November 5th. The industrial products company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). Twin Disc had a net margin of 0.10% and a return on equity of 0.23%. The firm had revenue of $80.00 million for the quarter, compared to analysts’ expectations of $98.60 million.

Twin Disc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were paid a $0.04 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.16 annualized dividend and a dividend yield of 0.9%. Twin Disc’s payout ratio is currently 800.00%.

Institutional Investors Weigh In On Twin Disc

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in Twin Disc by 28.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock worth $75,000 after buying an additional 1,193 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Twin Disc by 1.1% during the 3rd quarter. IFP Advisors Inc now owns 108,408 shares of the industrial products company’s stock valued at $1,512,000 after acquiring an additional 1,206 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Twin Disc by 4.1% in the second quarter. First Trust Advisors LP now owns 35,168 shares of the industrial products company’s stock worth $311,000 after acquiring an additional 1,378 shares during the period. Peapod Lane Capital LLC raised its holdings in shares of Twin Disc by 1.1% during the third quarter. Peapod Lane Capital LLC now owns 137,619 shares of the industrial products company’s stock valued at $1,919,000 after purchasing an additional 1,487 shares during the last quarter. Finally, Gabelli Funds LLC lifted its position in Twin Disc by 0.5% during the second quarter. Gabelli Funds LLC now owns 387,524 shares of the industrial products company’s stock valued at $3,422,000 after purchasing an additional 2,000 shares during the period. 65.25% of the stock is owned by hedge funds and other institutional investors.

About Twin Disc

Twin Disc, Inc (NASDAQ: TWIN) is a global designer and manufacturer of power transmission equipment for marine and industrial applications. Headquartered in Racine, Wisconsin, the company develops a range of mechanical and digital solutions that control power delivery in demanding environments. Its portfolio includes marine gears, power take-offs, clutches, brakes, transmissions and controllable pitch propeller systems engineered to withstand heavy loads and corrosive conditions.

In addition to original equipment manufacturing, Twin Disc offers aftermarket parts and services, including maintenance, repair and overhaul support through a network of service centers worldwide.