Twin Disc (NASDAQ:TWIN) Lifted to “Strong-Buy” at StockNews.com

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

Twin Disc Stock Performance

Shares of TWIN stock opened at $13.16 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 2.22. The stock has a market capitalization of $184.20 million, a price-to-earnings ratio of 15.13 and a beta of 0.64. Twin Disc has a one year low of $10.90 and a one year high of $18.00. The company’s 50-day simple moving average is $12.86 and its 200-day simple moving average is $14.45.

Twin Disc Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 2nd. Investors of record on Monday, August 19th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Monday, August 19th. Twin Disc’s dividend payout ratio (DPR) is presently 18.39%.

Institutional Trading of Twin Disc

Institutional investors and hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC acquired a new position in shares of Twin Disc in the 2nd quarter valued at about $184,000. Gabelli Funds LLC raised its position in shares of Twin Disc by 4.3% during the 2nd quarter. Gabelli Funds LLC now owns 388,024 shares of the industrial products company’s stock worth $4,571,000 after purchasing an additional 16,157 shares during the period. Renaissance Technologies LLC raised its position in shares of Twin Disc by 33.2% during the 2nd quarter. Renaissance Technologies LLC now owns 131,193 shares of the industrial products company’s stock worth $1,545,000 after purchasing an additional 32,673 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Twin Disc by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 555,283 shares of the industrial products company’s stock worth $6,541,000 after purchasing an additional 16,452 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in Twin Disc by 62.0% during the 2nd quarter. Acadian Asset Management LLC now owns 101,656 shares of the industrial products company’s stock valued at $1,195,000 after purchasing an additional 38,915 shares during the period. 65.25% of the stock is owned by institutional investors and hedge funds.

About Twin Disc

Twin Disc, Incorporated designs, manufactures, and sells 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.