Twin Disc (NASDAQ:TWIN) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Twin Disc, Incorporated (NASDAQ:TWIN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.73 and traded as high as $18.17. Twin Disc shares last traded at $18.01, with a volume of 79,101 shares traded.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TWIN. Weiss Ratings downgraded shares of Twin Disc from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded shares of Twin Disc from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Twin Disc Trading Up 6.7%

The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 0.81. The business’s 50-day moving average price is $17.10 and its two-hundred day moving average price is $16.78. The company has a market capitalization of $287.10 million, a price-to-earnings ratio of 10.82 and a beta of 0.71.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $94.70 million.

Twin Disc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, May 18th. Twin Disc’s payout ratio is presently 8.70%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in Twin Disc by 105.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 180,119 shares of the industrial products company’s stock valued at $3,004,000 after acquiring an additional 92,284 shares during the last quarter. Ritholtz Wealth Management increased its stake in Twin Disc by 350.6% in the fourth quarter. Ritholtz Wealth Management now owns 60,464 shares of the industrial products company’s stock valued at $1,009,000 after acquiring an additional 47,045 shares during the last quarter. Teton Advisors LLC bought a new position in Twin Disc in the third quarter valued at approximately $1,359,000. Mink Brook Asset Management LLC increased its stake in Twin Disc by 385.8% in the third quarter. Mink Brook Asset Management LLC now owns 298,520 shares of the industrial products company’s stock valued at $4,161,000 after acquiring an additional 237,073 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in Twin Disc by 1.1% in the third quarter. IFP Advisors Inc now owns 108,408 shares of the industrial products company’s stock valued at $1,512,000 after acquiring an additional 1,206 shares during the last quarter. 65.25% of the stock is owned by 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.