Twin Disc (NASDAQ:TWIN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Twin Disc (NASDAQ:TWIN) from a buy rating to a strong-buy rating in a report issued on Saturday,Wall Street Zen reports.

Several other equities research analysts also recently issued reports on TWIN. Weiss Ratings downgraded shares of Twin Disc from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, September 8th. Lake Street Capital initiated coverage on shares of Twin Disc in a report on Thursday, July 9th. They set a “buy” rating and a $30.00 target price on the stock. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $30.00.

Twin Disc Stock Performance

Twin Disc stock opened at $24.10 on Friday. The company has a market cap of $347.52 million, a price-to-earnings ratio of 10.13 and a beta of 0.67. Twin Disc has a 12 month low of $12.79 and a 12 month high of $25.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.35 and a quick ratio of 0.84. The stock’s 50-day moving average is $23.37 and its 200-day moving average is $19.86.

Twin Disc (NASDAQ:TWIN) last issued its earnings results on Thursday, August 20th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.41. The business had revenue of $114.40 million during the quarter, compared to analysts’ expectations of $100.35 million. Twin Disc had a return on equity of 6.78% and a net margin of 9.06%.

Twin Disc Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. This is a positive change from Twin Disc’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, August 18th. Twin Disc’s payout ratio is presently 8.40%.

Insider Buying and Selling

In other Twin Disc news, CFO Jeffrey Knutson sold 7,482 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $24.25, for a total transaction of $181,438.50. Following the completion of the sale, the chief financial officer owned 164,891 shares in the company, valued at $3,998,606.75. This trade represents a 4.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 17,686 shares of company stock valued at $417,606 over the last ninety days. Corporate insiders own 22.10% of the company’s stock.

Hedge Funds Weigh In On Twin Disc

Institutional investors have recently made changes to their positions in the business. Legal & General Group Plc purchased a new position in shares of Twin Disc during the 2nd quarter valued at approximately $26,000. Empowered Funds LLC increased its stake in shares of Twin Disc by 8.5% in the first quarter. Empowered Funds LLC now owns 26,786 shares of the industrial products company’s stock worth $404,000 after buying an additional 2,099 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Twin Disc in the second quarter worth $54,000. IFP Advisors Inc raised its holdings in Twin Disc by 2.0% in the second quarter. IFP Advisors Inc now owns 120,357 shares of the industrial products company’s stock valued at $2,792,000 after acquiring an additional 2,368 shares in the last quarter. Finally, Gabelli Funds LLC raised its holdings in Twin Disc by 0.9% in the fourth quarter. Gabelli Funds LLC now owns 394,524 shares of the industrial products company’s stock valued at $6,581,000 after acquiring an additional 3,500 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

About Twin Disc

Twin Disc, Inc is a Wisconsin-based manufacturer of power-transmission and propulsion systems for marine and industrial applications. Founded in 1918, the company develops and produces equipment that transfers engine power to drive systems used in boats, workboats, commercial vessels, and specialized industrial machinery.

Its marine product portfolio includes marine transmissions, propulsion systems, controls, boat-management technologies, and surface-drive systems. Twin Disc also supplies industrial power-shift transmissions, torque converters, power take-offs, and related components for applications such as construction, agriculture, energy, mining, and other heavy-duty equipment.

Twin Disc serves customers internationally through a combination of manufacturing operations, sales organizations, distributors, and service partners.