Twin Disc (NASDAQ:TWIN) Rating Lowered to Buy at StockNews.com

StockNews.com cut shares of Twin Disc (NASDAQ:TWIN) from a strong-buy rating to a buy rating in a report published on Saturday.

Twin Disc Price Performance

Shares of NASDAQ TWIN opened at $12.51 on Friday. 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 company has a market capitalization of $176.44 million, a price-to-earnings ratio of 18.67 and a beta of 0.61. The business has a 50-day moving average of $12.01 and a 200-day moving average of $12.63.

Twin Disc Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.28%. Twin Disc’s dividend payout ratio is currently 23.88%.

Institutional Investors Weigh In On Twin Disc

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC acquired a new stake in shares of Twin Disc during the third quarter valued at about $1,384,000. Acadian Asset Management LLC grew its stake 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 in the last quarter. Vanguard Group Inc. increased its holdings in Twin Disc by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 540,668 shares of the industrial products company’s stock worth $8,937,000 after purchasing an additional 34,425 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Twin Disc by 33.2% in the 2nd quarter. Renaissance Technologies LLC now owns 131,193 shares of the industrial products company’s stock valued at $1,545,000 after purchasing an additional 32,673 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of 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 buying an additional 31,378 shares during the last quarter. Hedge funds and other 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.