Twin Disc, Incorporated (NASDAQ:TWIN) Declares Quarterly Dividend of $0.05

Twin Disc, Incorporated (NASDAQ:TWIN) declared a quarterly dividend on Monday, November 2nd. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.05 per share by the industrial products company on Tuesday, December 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 18th.

Twin Disc has a payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings.

Twin Disc Price Performance

TWIN stock opened at $24.75 on Tuesday. The firm has a 50 day moving average price of $25.08 and a 200-day moving average price of $20.57. Twin Disc has a 52-week low of $14.22 and a 52-week high of $29.24. The firm has a market capitalization of $359.87 million, a price-to-earnings ratio of 29.28 and a beta of 0.59. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 2.35.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings results on Thursday, August 20th. The industrial products company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.41. The firm had revenue of $114.40 million for 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%.

Analysts Set New Price Targets

TWIN has been the subject of a number of recent research reports. Weiss Ratings upgraded Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Lake Street Capital began coverage on Twin Disc in a research note on Thursday, July 9th. They issued a “buy” rating and a $30.00 target price on the stock. Finally, Wall Street Zen upgraded Twin Disc from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 12th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

About Twin Disc

Twin Disc, Inc designs, manufactures and sells power transmission and propulsion systems for marine, industrial and specialty vehicle applications. The company’s products are used to transfer and control engine power in commercial and recreational boats, workboats, military vessels, construction equipment and other heavy-duty machinery.

Its product portfolio includes marine transmissions, propulsion systems, surface drives, electronic controls, boat-management systems, power take-offs, torque converters and industrial transmissions.