Twin Disc (NASDAQ:TWIN) Cut to Buy at StockNews.com

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

Twin Disc Stock Performance

Shares of TWIN stock traded up $0.09 during trading hours on Tuesday, hitting $8.62. 27,264 shares of the company were exchanged, compared to its average volume of 27,322. The firm has a fifty day simple moving average of $10.77 and a 200 day simple moving average of $11.71. The company has a current ratio of 2.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. Twin Disc has a 52-week low of $8.45 and a 52-week high of $18.00. The stock has a market capitalization of $121.94 million, a price-to-earnings ratio of 12.87 and a beta of 0.62.

Twin Disc (NASDAQ:TWIN - Get Free Report) last issued its quarterly 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Friday, February 14th. Twin Disc's dividend payout ratio (DPR) is presently 23.88%.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. MetLife Investment Management LLC boosted its holdings in Twin Disc by 129.1% in the 3rd 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. Deutsche Bank AG bought a new position in Twin Disc in the 4th quarter valued at $101,000. Bank of America Corp DE boosted its holdings in Twin Disc by 75.7% in the 4th quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company's stock valued at $173,000 after purchasing an additional 6,344 shares during the period. Barclays PLC boosted its holdings in Twin Disc by 280.7% in the 3rd quarter. Barclays PLC now owns 14,863 shares of the industrial products company's stock valued at $186,000 after purchasing an additional 10,959 shares during the period. Finally, BNP Paribas Financial Markets boosted 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 during the period. 65.25% of the stock is owned by institutional investors.

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.