Twin Disc (NASDAQ:TWIN) Stock Rating Upgraded by StockNews.com

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

Twin Disc Trading Up 1.0 %

Shares of Twin Disc stock traded up $0.09 on Tuesday, hitting $8.22. 37,912 shares of the company traded hands, compared to its average volume of 38,552. Twin Disc has a 52 week low of $7.35 and a 52 week high of $18.00. The company has a market cap of $116.21 million, a PE ratio of 12.20 and a beta of 0.58. The stock's 50 day moving average price is $9.79 and its 200-day moving average price is $11.24. 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 (NASDAQ:TWIN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $0.07 EPS for the quarter. Twin Disc had a return on equity of 4.24% and a net margin of 2.92%.

Twin Disc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Friday, February 14th. Twin Disc's dividend payout ratio (DPR) is currently 23.88%.

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Hedge Funds Weigh In On Twin Disc

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in 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 lifted its holdings in shares of Twin Disc by 26.0% during 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 grew its stake in Twin Disc by 2.3% during the 3rd quarter. State Street Corp now owns 123,880 shares of the industrial products company's stock worth $1,547,000 after buying an additional 2,835 shares during the last quarter. BNP Paribas Financial Markets increased its position in Twin Disc by 753.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company's stock valued at $194,000 after buying an additional 13,686 shares in the last quarter. Finally, Barclays PLC raised its position in shares of 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 last quarter. 65.25% of the stock is currently owned by institutional investors.

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.