Twin Disc (NASDAQ:TWIN) Rating Increased 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 report released on Friday.

Twin Disc Trading Up 2.2 %

Twin Disc stock opened at $11.42 on Friday. Twin Disc has a 12 month low of $10.83 and a 12 month high of $18.00. The stock has a market cap of $161.02 million, a price-to-earnings ratio of 17.04 and a beta of 0.61. The business has a 50 day moving average price of $12.02 and a two-hundred day moving average price of $12.73. The company has a quick ratio of 0.84, a current ratio of 2.23 and a debt-to-equity ratio of 0.27.

Twin Disc Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a dividend of $0.04 per share. The ex-dividend date is Monday, November 18th. This represents a $0.16 dividend on an annualized basis and a yield of 1.40%. Twin Disc’s dividend payout ratio (DPR) is presently 23.88%.

Institutional Investors Weigh In On Twin Disc

A number of large investors have recently bought and sold shares of the business. Acadian Asset Management LLC grew its position in Twin Disc by 1.1% during the 1st quarter. Acadian Asset Management LLC now owns 62,741 shares of the industrial products company’s stock worth $1,036,000 after acquiring an additional 668 shares during the last quarter. Grace & White Inc. NY grew its position in Twin Disc by 0.8% during the 2nd quarter. Grace & White Inc. NY now owns 214,136 shares of the industrial products company’s stock worth $2,523,000 after acquiring an additional 1,800 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Twin Disc during the 1st quarter worth approximately $36,000. State Street Corp grew its position in Twin Disc by 2.3% during the 3rd quarter. State Street Corp now owns 123,880 shares of the industrial products company’s stock worth $1,547,000 after acquiring an additional 2,835 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Twin Disc by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 250,924 shares of the industrial products company’s stock worth $3,134,000 after acquiring an additional 3,109 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors.

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.