Twin Disc (NASDAQ:TWIN) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

by · The Cerbat Gem

Shares of Twin Disc, Incorporated (NASDAQ:TWIN – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.67 and traded as high as $18.20. Twin Disc shares last traded at $17.08, with a volume of 62,925 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TWIN. Weiss Ratings upgraded shares of Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, April 16th. Wall Street Zen upgraded shares of Twin Disc from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Read Our Latest Stock Report on Twin Disc

Twin Disc Stock Up 1.3%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 2.09. The business’s 50 day moving average is $16.61 and its 200 day moving average is $16.67. The company has a market capitalization of $230.58 million, a price-to-earnings ratio of 8.69 and a beta of 0.71.

Twin Disc (NASDAQ:TWIN – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Twin Disc had a net margin of 7.32% and a return on equity of 2.77%. The business had revenue of $96.69 million for the quarter, compared to analyst estimates of $94.70 million.

Twin Disc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, May 18th. Twin Disc’s payout ratio is presently 8.70%.

Institutional Trading of Twin Disc

Several institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC purchased a new stake in shares of Twin Disc during the fourth quarter worth about $39,000. JPMorgan Chase & Co. lifted its stake 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 valued at $75,000 after buying an additional 1,193 shares in the last quarter. Strs Ohio acquired a new stake in Twin Disc in the 1st quarter worth about $74,000. Ritholtz Wealth Management purchased a new stake in Twin Disc during the 3rd quarter worth approximately $187,000. Finally, Barclays PLC raised its holdings in shares of Twin Disc by 549.5% during the fourth quarter. Barclays PLC now owns 14,452 shares of the industrial products company’s stock valued at $241,000 after acquiring an additional 12,227 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

About Twin Disc

(Get Free Report)

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.

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