Twin Disc (NASDAQ:TWIN) Downgraded by StockNews.com to “Buy”

StockNews.com downgraded shares of Twin Disc (NASDAQ:TWIN) from a strong-buy rating to a buy rating in a report released on Saturday.

Twin Disc Stock Up 4.3 %

Shares of NASDAQ:TWIN opened at $12.24 on Friday. The company has a market capitalization of $171.36 million, a price-to-earnings ratio of 14.07 and a beta of 0.60. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.22 and a quick ratio of 0.90. The business’s 50-day moving average is $12.93 and its 200-day moving average is $14.33. Twin Disc has a 1 year low of $10.90 and a 1 year high of $18.00.

Twin Disc (NASDAQ:TWIN) last issued its earnings results on Thursday, August 15th. The industrial products company reported $0.32 EPS for the quarter. Twin Disc had a return on equity of 5.57% and a net margin of 3.72%. The business had revenue of $84.42 million during the quarter.

Twin Disc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 2nd. Stockholders of record on Monday, August 19th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Monday, August 19th. Twin Disc’s dividend payout ratio is presently 18.39%.

Hedge Funds Weigh In On Twin Disc

Several institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC purchased a new position in Twin Disc in the second quarter valued at approximately $184,000. Gabelli Funds LLC lifted its position in shares of Twin Disc by 4.3% during the second quarter. Gabelli Funds LLC now owns 388,024 shares of the industrial products company’s stock worth $4,571,000 after acquiring an additional 16,157 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Twin Disc by 33.2% during the second quarter. Renaissance Technologies LLC now owns 131,193 shares of the industrial products company’s stock worth $1,545,000 after acquiring an additional 32,673 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Twin Disc by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 555,283 shares of the industrial products company’s stock worth $6,541,000 after acquiring an additional 16,452 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Twin Disc by 62.0% during the second quarter. Acadian Asset Management LLC now owns 101,656 shares of the industrial products company’s stock worth $1,195,000 after acquiring an additional 38,915 shares in the last quarter. Hedge funds and other institutional investors 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.