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

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

Twin Disc Price Performance

Shares of NASDAQ:TWIN opened at $8.63 on Tuesday. The company has a market cap of $122.08 million, a price-to-earnings ratio of 12.88 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $10.94 and a 200 day simple moving average of $11.77. Twin Disc has a one year low of $8.46 and a one year high of $18.00.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings data 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 disclosed 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. This represents a $0.16 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Friday, February 14th. Twin Disc’s payout ratio is 23.88%.

Hedge Funds Weigh In On Twin Disc

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Management LLC increased its position in Twin Disc by 129.1% in the 3rd 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. Deutsche Bank AG acquired a new position in Twin Disc in the 4th quarter valued at approximately $101,000. Bank of America Corp DE increased its position in Twin Disc by 75.7% in the 4th quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company’s stock valued at $173,000 after acquiring an additional 6,344 shares during the period. Barclays PLC increased its position in 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 acquiring an additional 10,959 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Twin Disc by 753.6% in the 3rd 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. 65.25% of the stock is currently owned by institutional investors and hedge funds.

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.