Twin Disc (NASDAQ:TWIN) Shares Pass Above 200-Day Moving Average – Here’s Why

Shares of Twin Disc, Incorporated (NASDAQ:TWIN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.26 and traded as high as $22.49. Twin Disc shares last traded at $22.16, with a volume of 94,104 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TWIN shares. Wall Street Zen cut Twin Disc from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 6th. Weiss Ratings raised Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Twin Disc Stock Performance

The business’s fifty day moving average price is $18.31 and its two-hundred day moving average price is $17.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 2.09. The stock has a market capitalization of $334.76 million, a P/E ratio of 12.61 and a beta of 0.71.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $96.69 million during the quarter, compared to the consensus estimate of $94.70 million. Twin Disc had a net margin of 7.32% and a return on equity of 2.77%.

Twin Disc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were issued a $0.04 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.7%. Twin Disc’s payout ratio is 8.70%.

Institutional Trading of Twin Disc

Institutional investors have recently bought and sold shares of the stock. Gamco Investors INC. ET AL increased its position in Twin Disc by 0.5% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,737,299 shares of the industrial products company’s stock valued at $28,978,000 after acquiring an additional 8,600 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Twin Disc by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 576,549 shares of the industrial products company’s stock worth $8,037,000 after acquiring an additional 5,407 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Twin Disc by 1,928.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 439,241 shares of the industrial products company’s stock worth $3,878,000 after acquiring an additional 417,590 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of Twin Disc by 1.5% during the 1st quarter. Gabelli Funds LLC now owns 400,524 shares of the industrial products company’s stock worth $6,036,000 after purchasing an additional 6,000 shares during the period. Finally, Mink Brook Asset Management LLC boosted its stake in shares of Twin Disc by 385.8% during the 3rd quarter. Mink Brook Asset Management LLC now owns 298,520 shares of the industrial products company’s stock worth $4,161,000 after purchasing an additional 237,073 shares during the period. 65.25% of the stock is currently 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.