Twin Disc (NASDAQ:TWIN) Stock Crosses Above Two Hundred Day Moving Average of $15.11

Twin Disc, Incorporated (NASDAQ:TWIN)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.11 and traded as high as $17.12. Twin Disc shares last traded at $16.76, with a volume of 32,829 shares changing hands.

Analysts Set New Price Targets

Separately, TheStreet raised Twin Disc from a “c+” rating to a “b-” rating in a research note on Monday, March 11th.

Twin Disc Stock Performance

The firm has a market capitalization of $234.57 million, a price-to-earnings ratio of 20.95 and a beta of 0.80. The company has a current ratio of 2.22, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average price of $16.13 and a 200-day moving average price of $15.14.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $72.99 million during the quarter. Twin Disc had a return on equity of 7.74% and a net margin of 3.75%.

Twin Disc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.16 annualized dividend and a dividend yield of 0.95%. Twin Disc’s dividend payout ratio is 20.00%.

Institutional Investors Weigh In On Twin Disc

Several institutional investors have recently made changes to their positions in TWIN. Qube Research & Technologies Ltd acquired a new stake in shares of Twin Disc during the 3rd quarter valued at about $30,000. Barclays PLC acquired a new stake in Twin Disc in the 3rd quarter worth approximately $35,000. Jane Street Group LLC acquired a new stake in Twin Disc in the 1st quarter worth approximately $105,000. Royal Bank of Canada lifted its holdings in Twin Disc by 39.1% in the 2nd quarter. Royal Bank of Canada now owns 14,466 shares of the industrial products company’s stock worth $164,000 after purchasing an additional 4,066 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in Twin Disc in the 4th quarter worth approximately $164,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

About Twin Disc

Twin Disc, Incorporated designs, manufactures, and sells 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.