Twin Disc (NASDAQ:TWIN) Upgraded by StockNews.com to Strong-Buy Rating

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

Twin Disc Price Performance

Twin Disc stock opened at $11.16 on Friday. Twin Disc has a 1 year low of $10.22 and a 1 year high of $18.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.84 and a current ratio of 2.11. The firm has a 50 day moving average price of $11.61 and a 200 day moving average price of $12.12. The company has a market cap of $157.91 million, a price-to-earnings ratio of 16.66 and a beta of 0.62.

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

Twin Disc Dividend Announcement

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

Institutional Trading of Twin Disc

Institutional investors and hedge funds have recently bought and sold shares of the business. MetLife Investment Management LLC grew its stake in Twin Disc by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock worth $83,000 after buying an additional 3,767 shares during the period. Barclays PLC boosted its position in Twin Disc by 280.7% during the 3rd quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock worth $186,000 after purchasing an additional 10,959 shares during the period. BNP Paribas Financial Markets increased its holdings in Twin Disc by 753.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 13,686 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Twin Disc in the 2nd quarter valued at $184,000. Finally, Empowered Funds LLC raised its position in Twin Disc by 26.0% in the fourth quarter. Empowered Funds LLC now owns 17,427 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 3,596 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.

About Twin Disc

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.