Twin Disc (NASDAQ:TWIN) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Twin Disc, Incorporated (NASDAQ:TWIN) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.68 and traded as high as $17.22. Twin Disc shares last traded at $17.06, with a volume of 93,321 shares.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Twin Disc from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Twin Disc Stock Up 6.7%

The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 0.81. The company’s 50-day moving average is $16.67 and its two-hundred day moving average is $16.68. The company has a market cap of $246.01 million, a P/E ratio of 9.27 and a beta of 0.71.

Twin Disc (NASDAQ:TWIN) last issued its earnings results on Wednesday, May 6th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Twin Disc had a return on equity of 2.77% and a net margin of 7.32%.The company had revenue of $96.69 million during the quarter, compared to analysts’ expectations of $94.70 million.

Twin Disc Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be issued a $0.04 dividend. The ex-dividend date is Monday, May 18th. This represents a $0.16 annualized dividend and a yield of 0.9%. Twin Disc’s dividend payout ratio (DPR) is currently 8.70%.

Institutional Investors Weigh In On Twin Disc

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC purchased a new stake in Twin Disc in the fourth quarter worth approximately $39,000. JPMorgan Chase & Co. boosted its holdings in Twin Disc by 28.6% in the third quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 1,193 shares during the last quarter. Strs Ohio purchased a new stake in Twin Disc in the first quarter worth approximately $74,000. Barclays PLC boosted its holdings in Twin Disc by 549.5% in the fourth quarter. Barclays PLC now owns 14,452 shares of the industrial products company’s stock worth $241,000 after purchasing an additional 12,227 shares during the last quarter. Finally, Hudson Bay Capital Management LP purchased a new stake in Twin Disc in the fourth quarter worth approximately $259,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

About Twin Disc

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.