Twin Disc (NASDAQ:TWIN) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Twin Disc, Incorporated (NASDAQ:TWIN) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.72 and traded as high as $17.14. Twin Disc shares last traded at $17.10, with a volume of 23,603 shares traded.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TWIN shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Twin Disc in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Twin Disc from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Finally, Zacks Research upgraded shares of Twin Disc to a “hold” rating in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Twin Disc currently has a consensus rating of “Hold” and a consensus target price of $12.00.

Twin Disc Trading Down 0.5%

The company has a debt-to-equity ratio of 0.25, a current ratio of 2.08 and a quick ratio of 0.79. The business’s 50 day simple moving average is $15.83 and its 200 day simple moving average is $12.81. The stock has a market cap of $240.03 million, a P/E ratio of 834.00 and a beta of 0.72.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings data on Wednesday, November 5th. The industrial products company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.06). The company had revenue of $80.00 million during the quarter, compared to the consensus estimate of $98.60 million. Twin Disc had a net margin of 0.10% and a return on equity of 0.23%.

Twin Disc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.0%. The ex-dividend date was Monday, November 17th. Twin Disc’s dividend payout ratio is currently 800.00%.

Institutional Investors Weigh In On Twin Disc

Several large investors have recently made changes to their positions in TWIN. IFP Advisors Inc lifted its holdings in Twin Disc by 1.1% during the 3rd quarter. IFP Advisors Inc now owns 108,408 shares of the industrial products company’s stock valued at $1,512,000 after purchasing an additional 1,206 shares during the last quarter. Susquehanna International Group LLP grew its stake in Twin Disc by 441.6% during the third quarter. Susquehanna International Group LLP now owns 99,791 shares of the industrial products company’s stock worth $1,391,000 after buying an additional 81,366 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of Twin Disc by 16.9% during the third quarter. Qube Research & Technologies Ltd now owns 18,630 shares of the industrial products company’s stock worth $260,000 after buying an additional 2,696 shares in the last quarter. Mink Brook Asset Management LLC raised its stake in shares of Twin Disc by 385.8% in the third quarter. Mink Brook Asset Management LLC now owns 298,520 shares of the industrial products company’s stock valued at $4,161,000 after acquiring an additional 237,073 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of Twin Disc by 29.9% in the third quarter. Citadel Advisors LLC now owns 45,299 shares of the industrial products company’s stock valued at $631,000 after acquiring an additional 10,430 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

Twin Disc Company Profile

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.