Twin Disc (NASDAQ:TWIN) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Twin Disc, Incorporated (NASDAQ:TWIN)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.93 and traded as high as $17.78. Twin Disc shares last traded at $17.42, with a volume of 55,667 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TWIN shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Twin Disc in a research note on Wednesday, January 21st. Wall Street Zen cut Twin Disc from a “buy” rating to a “hold” rating in a report on Monday, January 19th. Finally, Zacks Research raised Twin Disc to a “hold” rating in a report on Tuesday, December 9th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.00.

Twin Disc Price Performance

The stock has a market capitalization of $250.67 million, a PE ratio of 871.00 and a beta of 0.67. The firm’s 50 day simple moving average is $16.42 and its 200 day simple moving average is $13.93. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.08 and a quick ratio of 0.79.

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

Twin Disc Dividend Announcement

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

Hedge Funds Weigh In On Twin Disc

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio bought a new stake in Twin Disc in the first quarter valued at approximately $74,000. JPMorgan Chase & Co. raised its holdings in Twin Disc by 28.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock valued at $75,000 after buying an additional 1,193 shares during the last quarter. Huntington National Bank boosted its position in Twin Disc by 500,000.0% during the 2nd quarter. Huntington National Bank now owns 10,002 shares of the industrial products company’s stock valued at $88,000 after buying an additional 10,000 shares during the period. Corton Capital Inc. purchased a new stake in Twin Disc during the 2nd quarter valued at $93,000. Finally, Bank of America Corp DE grew its holdings in Twin Disc by 40.9% in the 2nd quarter. Bank of America Corp DE now owns 15,811 shares of the industrial products company’s stock worth $140,000 after acquiring an additional 4,590 shares during the last quarter. 65.25% of the stock is currently owned by 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.