Twin Disc, Incorporated (TWIN) To Go Ex-Dividend on November 18th

Twin Disc, Incorporated (NASDAQ:TWIN) announced a quarterly dividend on Monday, November 2nd. Stockholders 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 is Wednesday, November 18th.

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

Twin Disc Stock Performance

Shares of TWIN opened at $25.04 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 2.35. The firm has a fifty day moving average of $25.13 and a 200-day moving average of $20.60. The company has a market cap of $364.08 million, a price-to-earnings ratio of 28.45 and a beta of 0.50. Twin Disc has a 1 year low of $14.22 and a 1 year high of $29.24.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings results on Thursday, August 20th. The industrial products company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.23 by $0.41. The company had revenue of $114.40 million for the quarter, compared to analyst estimates of $100.35 million. Twin Disc had a net margin of 9.06% and a return on equity of 6.78%.

Insider Buying and Selling

In other Twin Disc news, CFO Jeffrey Knutson sold 7,482 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $24.25, for a total transaction of $181,438.50. Following the transaction, the chief financial officer directly owned 164,891 shares in the company, valued at $3,998,606.75. This trade represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 17,686 shares of company stock worth $417,606 over the last 90 days. Corporate insiders own 21.10% of the company’s stock.

Institutional Trading of Twin Disc

A number of institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc acquired a new position in Twin Disc during the 2nd quarter worth $26,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Twin Disc during the third quarter valued at about $30,000. Global Retirement Partners LLC acquired a new stake in shares of Twin Disc in the second quarter valued at about $54,000. Bank of America Corp DE acquired a new stake in shares of Twin Disc in the second quarter valued at about $259,000. Finally, Deutsche Bank AG acquired a new stake in shares of Twin Disc in the second quarter valued at about $261,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Twin Disc Company Profile

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.