Twin Disc (NASDAQ:TWIN) Downgraded to Buy Rating by StockNews.com

StockNews.com downgraded shares of Twin Disc (NASDAQ:TWIN - Free Report) from a strong-buy rating to a buy rating in a research note released on Wednesday morning.

Twin Disc Trading Down 2.3 %

TWIN stock traded down $0.19 during trading on Wednesday, reaching $7.95. 56,650 shares of the stock were exchanged, compared to its average volume of 39,761. 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 firm has a market capitalization of $112.46 million, a price-to-earnings ratio of 11.87 and a beta of 0.58. The business has a 50 day moving average price of $9.45 and a 200-day moving average price of $11.06. Twin Disc has a 1 year low of $7.35 and a 1 year high of $18.00.

Twin Disc (NASDAQ:TWIN - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $0.07 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Friday, February 14th. Twin Disc's dividend payout ratio is presently 23.88%.

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Institutional Trading of Twin Disc

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of Twin Disc by 1.3% during the third quarter. Geode Capital Management LLC now owns 250,924 shares of the industrial products company's stock valued at $3,134,000 after acquiring an additional 3,109 shares during the last quarter. Empowered Funds LLC increased its holdings in Twin Disc by 26.0% in the 4th 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 last quarter. State Street Corp increased its holdings in Twin Disc by 2.3% in the 3rd quarter. State Street Corp now owns 123,880 shares of the industrial products company's stock valued at $1,547,000 after purchasing an additional 2,835 shares during the last quarter. BNP Paribas Financial Markets raised its position in 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 valued at $194,000 after purchasing an additional 13,686 shares during the period. Finally, Barclays PLC raised 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 valued at $186,000 after purchasing an additional 10,959 shares during the period. 65.25% of the stock is currently owned by hedge funds and other 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.