StockNews.com downgraded shares of Twin Disc (NASDAQ:TWIN - Free Report) from a strong-buy rating to a buy rating in a research report released on Saturday.
Twin Disc Stock Performance
NASDAQ TWIN traded down $0.12 on Friday, reaching $12.51. 16,427 shares of the stock were exchanged, compared to its average volume of 38,178. The company has a current ratio of 2.23, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. Twin Disc has a one year low of $10.83 and a one year high of $18.00. The firm has a market capitalization of $176.44 million, a PE ratio of 18.67 and a beta of 0.61. The company's 50-day simple moving average is $12.01 and its two-hundred day simple moving average is $12.63.
Twin Disc Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.28%. The ex-dividend date is Monday, November 18th. Twin Disc's dividend payout ratio is currently 23.88%.
Institutional Investors Weigh In On Twin Disc
Institutional investors and hedge funds have recently bought and sold shares of the business. MetLife Investment Management LLC grew its position in shares of 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 purchasing an additional 3,767 shares in the last quarter. Rhumbline Advisers boosted its stake in Twin Disc by 1,037.8% in the 2nd quarter. Rhumbline Advisers now owns 13,654 shares of the industrial products company's stock worth $161,000 after purchasing an additional 12,454 shares during the period. Squarepoint Ops LLC purchased a new stake in Twin Disc during the 2nd quarter valued at approximately $184,000. Barclays PLC raised its position in shares of Twin Disc by 280.7% during the third quarter. Barclays PLC now owns 14,863 shares of the industrial products company's stock valued at $186,000 after buying an additional 10,959 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Twin Disc by 753.6% in the third quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company's stock worth $194,000 after buying an additional 13,686 shares in the last quarter. 65.25% of the stock is owned by institutional investors.
About Twin Disc
(
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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.
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