Twin Disc (NASDAQ:TWIN) Cut to “Buy” at StockNews.com

StockNews.com downgraded shares of Twin Disc (NASDAQ:TWIN) from a strong-buy rating to a buy rating in a research report released on Wednesday.

Twin Disc Price Performance

Shares of NASDAQ TWIN opened at $7.95 on Wednesday. The company has a fifty day moving average price of $9.45 and a 200 day moving average price of $11.07. The firm has a market cap of $112.46 million, a PE ratio of 11.87 and a beta of 0.58. The company has a current ratio of 2.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. Twin Disc has a 1-year low of $7.35 and a 1-year high of $18.00.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.07 earnings per share for the quarter. Twin Disc had a return on equity of 4.24% and a net margin of 2.92%.

Twin Disc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Friday, February 14th. Twin Disc’s dividend payout ratio is presently 23.88%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TWIN. Deutsche Bank AG bought a new stake in Twin Disc during the 4th quarter worth about $101,000. Bridgeway Capital Management LLC increased its position in shares of Twin Disc by 8.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 85,928 shares of the industrial products company’s stock valued at $1,010,000 after acquiring an additional 6,896 shares during the last quarter. Bank of America Corp DE raised its holdings in Twin Disc by 75.7% during the fourth quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company’s stock worth $173,000 after acquiring an additional 6,344 shares in the last quarter. Northern Trust Corp boosted its position in Twin Disc by 4.4% during the fourth quarter. Northern Trust Corp now owns 98,914 shares of the industrial products company’s stock valued at $1,162,000 after purchasing an additional 4,164 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Twin Disc by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 597,475 shares of the industrial products company’s stock valued at $7,020,000 after purchasing an additional 20,470 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Twin Disc Company Profile

Twin Disc, Incorporated engages in the design, manufacture, and sale of 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.