Twin Disc (NASDAQ:TWIN) Upgraded at StockNews.com

StockNews.com upgraded shares of Twin Disc (NASDAQ:TWIN) from a buy rating to a strong-buy rating in a report issued on Friday.

Twin Disc Stock Performance

Shares of TWIN stock opened at $11.16 on Friday. The company’s fifty day simple moving average is $11.58 and its 200-day simple moving average is $12.08. The company has a current ratio of 2.11, a quick ratio of 0.84 and a debt-to-equity ratio of 0.15. Twin Disc has a 52 week low of $10.22 and a 52 week high of $18.00. The company has a market cap of $157.91 million, a PE ratio of 16.66 and a beta of 0.62.

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

Twin Disc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, February 14th. Twin Disc’s dividend payout ratio (DPR) is currently 23.88%.

Hedge Funds Weigh In On Twin Disc

A number of hedge funds have recently added to or reduced their stakes in TWIN. Royce & Associates LP grew its stake in shares of Twin Disc by 1.0% in the third quarter. Royce & Associates LP now owns 398,212 shares of the industrial products company’s stock worth $4,974,000 after purchasing an additional 3,786 shares in the last quarter. Geode Capital Management LLC raised its position in Twin Disc by 1.3% during the third quarter. Geode Capital Management LLC now owns 250,924 shares of the industrial products company’s stock valued at $3,134,000 after buying an additional 3,109 shares during the period. State Street Corp lifted its position in shares of Twin Disc by 2.3% in the third quarter. State Street Corp now owns 123,880 shares of the industrial products company’s stock worth $1,547,000 after purchasing an additional 2,835 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Twin Disc during the 3rd quarter valued at $1,384,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Twin Disc by 36.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,894 shares of the industrial products company’s stock valued at $661,000 after purchasing an additional 14,091 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

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.