Twin Disc (NASDAQ:TWIN) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Twin Disc (NASDAQ:TWIN) from a buy rating to a strong-buy rating in a research note released on Tuesday.

Twin Disc Stock Performance

Shares of Twin Disc stock opened at $7.72 on Tuesday. The firm has a market capitalization of $109.21 million, a PE ratio of 11.52 and a beta of 0.58. The company has a current ratio of 2.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average is $9.91 and its 200 day moving average is $11.28. Twin Disc has a 1 year low of $7.35 and a 1 year high of $18.00.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. Twin Disc had a net margin of 2.92% and a return on equity of 4.24%.

Twin Disc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Friday, February 14th. Twin Disc’s payout ratio is 23.88%.

Institutional Investors Weigh In On Twin Disc

A number of institutional investors have recently added to or reduced their stakes in the business. Deutsche Bank AG bought a new stake in Twin Disc during the 4th quarter worth approximately $101,000. Bridgeway Capital Management LLC grew its holdings in Twin Disc by 8.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 85,928 shares of the industrial products company’s stock worth $1,010,000 after acquiring an additional 6,896 shares during the last quarter. Bank of America Corp DE grew its holdings in Twin Disc by 75.7% during the 4th quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company’s stock worth $173,000 after acquiring an additional 6,344 shares during the last quarter. Northern Trust Corp grew its holdings in Twin Disc by 4.4% during the 4th quarter. Northern Trust Corp now owns 98,914 shares of the industrial products company’s stock worth $1,162,000 after acquiring an additional 4,164 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Twin Disc by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 597,475 shares of the industrial products company’s stock worth $7,020,000 after acquiring an additional 20,470 shares during the last quarter. 65.25% of the stock is owned by institutional investors.

Twin Disc Company Profile

Twin Disc, Incorporated engages in the design, manufacture, and sale of 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.