Twin Disc (NASDAQ:TWIN) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Twin Disc, Incorporated (NASDAQ:TWIN) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.19 and traded as high as $17.79. Twin Disc shares last traded at $17.54, with a volume of 30,135 shares traded.

Analysts Set New Price Targets

Several research analysts recently weighed in on TWIN shares. Wall Street Zen raised Twin Disc from a “hold” rating to a “strong-buy” rating in a report on Saturday, February 7th. Zacks Research upgraded shares of Twin Disc to a “hold” rating in a research report on Tuesday, December 9th. Finally, Weiss Ratings raised shares of Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Twin Disc presently has an average rating of “Moderate Buy” and an average target price of $12.00.

Twin Disc Stock Performance

The stock has a market capitalization of $252.93 million, a PE ratio of 11.69 and a beta of 0.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.75 and a current ratio of 2.12. The firm has a 50 day moving average of $17.27 and a 200-day moving average of $15.19.

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

Twin Disc Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.9%. Twin Disc’s dividend payout ratio (DPR) is 10.67%.

Institutional Trading of Twin Disc

Several hedge funds and other institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC purchased a new position in Twin Disc in the fourth quarter valued at about $39,000. Strs Ohio bought a new stake in shares of Twin Disc in the 1st quarter valued at approximately $74,000. JPMorgan Chase & Co. grew its stake in shares of Twin Disc by 28.6% in 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 in the last quarter. Huntington National Bank increased its holdings in Twin Disc by 500,000.0% in the second quarter. Huntington National Bank now owns 10,002 shares of the industrial products company’s stock worth $88,000 after buying an additional 10,000 shares during the last quarter. Finally, Corton Capital Inc. bought a new position in Twin Disc during the second quarter valued at approximately $93,000. 65.25% of the stock is currently 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.