Twin Disc (NASDAQ:TWIN) Stock Crosses Above Two Hundred Day Moving Average of $15.11

Twin Disc, Incorporated (NASDAQ:TWIN) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $15.11 and traded as high as $17.12. Twin Disc shares last traded at $16.76, with a volume of 32,829 shares trading hands.

Wall Street Analyst Weigh In

Separately, TheStreet raised shares of Twin Disc from a “c+” rating to a “b-” rating in a research note on Monday, March 11th.

Twin Disc Stock Performance

The company’s fifty day moving average is $16.13 and its two-hundred day moving average is $15.14. The stock has a market cap of $234.57 million, a price-to-earnings ratio of 20.95 and a beta of 0.80. The company has a quick ratio of 0.87, a current ratio of 2.22 and a debt-to-equity ratio of 0.18.

Twin Disc (NASDAQ:TWIN) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $0.07 earnings per share for the quarter. The firm had revenue of $72.99 million for the quarter. Twin Disc had a net margin of 3.75% and a return on equity of 7.74%.

Twin Disc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a $0.04 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.16 annualized dividend and a yield of 0.95%. Twin Disc’s dividend payout ratio (DPR) is 20.00%.

Institutional Trading of Twin Disc

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Twin Disc by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 506,243 shares of the industrial products company’s stock valued at $8,181,000 after acquiring an additional 5,963 shares in the last quarter. Barclays PLC raised its holdings in Twin Disc by 707.1% during the fourth quarter. Barclays PLC now owns 20,646 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 18,088 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Twin Disc during the fourth quarter worth approximately $518,000. Northern Trust Corp raised its holdings in Twin Disc by 39.1% during the fourth quarter. Northern Trust Corp now owns 36,675 shares of the industrial products company’s stock worth $593,000 after purchasing an additional 10,300 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Twin Disc by 17.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 39,115 shares of the industrial products company’s stock worth $632,000 after purchasing an additional 5,942 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

About Twin Disc

Twin Disc, Incorporated designs, manufactures, and sells 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.