Twin Disc (NASDAQ:TWIN) Now Covered by Analysts at Longbow Research

Longbow Research started coverage on shares of Twin Disc (NASDAQ:TWIN - Free Report) in a research note published on Thursday, MarketBeat reports. The brokerage issued a buy rating and a $12.00 price target on the industrial products company's stock.

Separately, StockNews.com lowered Twin Disc from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 26th.

Twin Disc Trading Up 0.1 %

Shares of NASDAQ:TWIN traded up $0.00 during trading on Thursday, reaching $6.27. 29,165 shares of the company traded hands, compared to its average volume of 41,495. Twin Disc has a 52-week low of $6.15 and a 52-week high of $17.07. The company has a current ratio of 2.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The business's fifty day moving average is $7.94 and its 200-day moving average is $10.38. The firm has a market capitalization of $88.75 million, a price-to-earnings ratio of 9.38 and a beta of 0.56.

Twin Disc (NASDAQ:TWIN - Get Free Report) last issued its earnings results 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Friday, February 14th. Twin Disc's dividend payout ratio is 23.88%.

Institutional Investors Weigh In On Twin Disc

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Pacific Ridge Capital Partners LLC increased its holdings in Twin Disc by 16.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 565,277 shares of the industrial products company's stock valued at $6,642,000 after buying an additional 78,378 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Twin Disc by 689.1% during the fourth quarter. JPMorgan Chase & Co. now owns 38,342 shares of the industrial products company's stock valued at $451,000 after purchasing an additional 33,483 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Twin Disc by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 597,475 shares of the industrial products company's stock valued at $7,020,000 after purchasing an additional 20,470 shares in the last quarter. Skylands Capital LLC grew its holdings in Twin Disc by 110.0% during the fourth quarter. Skylands Capital LLC now owns 27,300 shares of the industrial products company's stock valued at $321,000 after purchasing an additional 14,300 shares during the period. Finally, Barclays PLC increased its position in Twin Disc by 280.7% in the third quarter. Barclays PLC now owns 14,863 shares of the industrial products company's stock worth $186,000 after buying an additional 10,959 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Twin Disc Company Profile

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.