Twin Disc (NASDAQ:TWIN) Share Price Passes Above 200 Day Moving Average – Here’s Why

Twin Disc, Incorporated (NASDAQ:TWIN) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.95 and traded as high as $16.03. Twin Disc shares last traded at $15.85, with a volume of 58,369 shares trading hands.

Analyst Ratings Changes

Several analysts have commented on the stock. Zacks Research raised shares of Twin Disc to a “hold” rating in a research report on Tuesday, December 9th. Wall Street Zen raised shares of Twin Disc from a “hold” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings lowered shares of Twin Disc from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $12.00.

Twin Disc Stock Up 6.4%

The company has a 50-day moving average of $17.13 and a 200-day moving average of $15.95. The company has a market capitalization of $228.56 million, a price-to-earnings ratio of 10.57 and a beta of 0.67. The company has a current ratio of 2.12, a quick ratio of 0.75 and a debt-to-equity ratio of 0.22.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.17). Twin Disc had a net margin of 6.26% and a return on equity of 0.02%. The business had revenue of $90.18 million during the quarter, compared to analysts’ expectations of $92.80 million.

Twin Disc Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Wednesday, February 18th were paid a $0.04 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $0.16 dividend on an annualized basis and a yield of 1.0%. Twin Disc’s dividend payout ratio (DPR) is 10.67%.

Institutional Trading of Twin Disc

Several large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new stake in Twin Disc during the 3rd quarter worth about $1,224,000. Teton Advisors LLC purchased a new stake in Twin Disc during the 3rd quarter valued at about $1,359,000. Mink Brook Asset Management LLC increased its holdings in shares of Twin Disc by 385.8% in the third quarter. Mink Brook Asset Management LLC now owns 298,520 shares of the industrial products company’s stock valued at $4,161,000 after purchasing an additional 237,073 shares during the period. Martin & Co. Inc. TN acquired a new position in shares of Twin Disc in the second quarter valued at about $277,000. Finally, RBF Capital LLC purchased a new position in shares of Twin Disc in the second quarter worth about $530,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Twin Disc Company Profile

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.