StockNews.com Upgrades Twin Disc (NASDAQ:TWIN) to “Strong-Buy”

StockNews.com upgraded shares of Twin Disc (NASDAQ:TWIN) from a buy rating to a strong-buy rating in a research report sent to investors on Friday morning.

Twin Disc Stock Performance

Twin Disc stock opened at $11.16 on Friday. Twin Disc has a 12-month low of $10.22 and a 12-month high of $18.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 0.84. The company has a market capitalization of $157.91 million, a price-to-earnings ratio of 16.66 and a beta of 0.62. The firm’s fifty day moving average price is $11.61 and its 200 day moving average price is $12.12.

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

Twin Disc Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, February 14th. Twin Disc’s dividend payout ratio (DPR) is currently 23.88%.

Institutional Trading of Twin Disc

A number of hedge funds and other institutional investors have recently made changes to their positions in TWIN. MetLife Investment Management LLC boosted its stake in Twin Disc by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock valued at $83,000 after acquiring an additional 3,767 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Twin Disc in the 2nd quarter valued at about $184,000. Barclays PLC lifted its position in shares of Twin Disc by 280.7% during the third quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock worth $186,000 after purchasing an additional 10,959 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Twin Disc by 753.6% in the third quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company’s stock worth $194,000 after purchasing an additional 13,686 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in Twin Disc by 26.0% in the fourth quarter. Empowered Funds LLC now owns 17,427 shares of the industrial products company’s stock valued at $205,000 after buying an additional 3,596 shares during the last quarter. Institutional investors 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.