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

StockNews.com cut shares of Twin Disc (NASDAQ:TWIN) from a strong-buy rating to a buy rating in a research note released on Tuesday.

Twin Disc Price Performance

Shares of Twin Disc stock opened at $8.53 on Tuesday. The stock has a market capitalization of $120.67 million, a price-to-earnings ratio of 12.73 and a beta of 0.62. The firm’s 50-day moving average price is $10.89 and its two-hundred day moving average price is $11.75. 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 1-year low of $8.45 and a 1-year high of $18.00.

Twin Disc (NASDAQ:TWIN) 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 return on equity of 4.24% and a net margin of 2.92%.

Twin Disc Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, February 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.88%. Twin Disc’s dividend payout ratio is 23.88%.

Institutional Investors Weigh In On Twin Disc

A number of hedge funds have recently added to or reduced their stakes in TWIN. Deutsche Bank AG acquired a new position in shares of Twin Disc during the fourth quarter worth approximately $101,000. Bridgeway Capital Management LLC raised its position in Twin Disc by 8.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 85,928 shares of the industrial products company’s stock worth $1,010,000 after purchasing an additional 6,896 shares during the last quarter. Bank of America Corp DE lifted its holdings in Twin Disc by 75.7% during the 4th quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company’s stock worth $173,000 after buying an additional 6,344 shares in the last quarter. Northern Trust Corp boosted its position in Twin Disc by 4.4% in the 4th quarter. Northern Trust Corp now owns 98,914 shares of the industrial products company’s stock valued at $1,162,000 after buying an additional 4,164 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Twin Disc by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 597,475 shares of the industrial products company’s stock valued at $7,020,000 after buying an additional 20,470 shares during the period. 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.