StockNews.com Upgrades Twin Disc (NASDAQ:TWIN) to Strong-Buy

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

Twin Disc Price Performance

NASDAQ:TWIN traded up $0.14 during mid-day trading on Friday, hitting $11.26. 16,025 shares of the company's stock traded hands, compared to its average volume of 16,597. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.84 and a current ratio of 2.11. The firm's 50 day simple moving average is $11.58 and its 200 day simple moving average is $12.08. Twin Disc has a 1 year low of $10.22 and a 1 year high of $18.00. The company has a market cap of $159.26 million, a PE ratio of 16.80 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 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be paid a $0.04 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.42%. Twin Disc's dividend payout ratio (DPR) is presently 23.88%.

Hedge Funds Weigh In On Twin Disc

Hedge funds and other institutional investors have recently modified their holdings of the company. MetLife Investment Management LLC boosted its holdings 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 valued at $83,000 after acquiring an additional 3,767 shares during the period. Barclays PLC boosted its holdings 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 acquiring an additional 10,959 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Twin Disc by 753.6% during the third quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company's stock valued at $194,000 after acquiring an additional 13,686 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Twin Disc during the second quarter valued at $184,000. Finally, Empowered Funds LLC boosted its holdings in shares of Twin Disc by 26.0% during the fourth quarter. Empowered Funds LLC now owns 17,427 shares of the industrial products company's stock valued at $205,000 after acquiring an additional 3,596 shares during the period. Institutional investors and hedge funds 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.