Twin Disc (NASDAQ:TWIN) Upgraded by StockNews.com to “Strong-Buy” Rating

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

Twin Disc Stock Performance

TWIN opened at $11.93 on Friday. The company has a market capitalization of $168.21 million, a price-to-earnings ratio of 17.04 and a beta of 0.61. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.23 and a quick ratio of 0.84. Twin Disc has a 1-year low of $10.83 and a 1-year high of $18.00. The business has a 50 day moving average price of $12.02 and a two-hundred day moving average price of $12.71.

Twin Disc Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.16 annualized dividend and a dividend yield of 1.34%. Twin Disc’s dividend payout ratio is currently 23.88%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Twin Disc by 6.8% in the first quarter. Vanguard Group Inc. now owns 540,668 shares of the industrial products company’s stock valued at $8,937,000 after buying an additional 34,425 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Twin Disc by 44.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 102,281 shares of the industrial products company’s stock valued at $1,205,000 after purchasing an additional 31,378 shares during the period. Rhumbline Advisers raised its stake in Twin Disc by 1,037.8% during the 2nd quarter. Rhumbline Advisers now owns 13,654 shares of the industrial products company’s stock valued at $161,000 after purchasing an additional 12,454 shares during the period. O Shaughnessy Asset Management LLC raised its stake in Twin Disc by 64.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 36,366 shares of the industrial products company’s stock valued at $601,000 after purchasing an additional 14,218 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in Twin Disc during the 1st quarter valued at $36,000. Institutional investors own 65.25% of the company’s stock.

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.