Twin Disc (NASDAQ:TWIN) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Twin Disc, Incorporated (NASDAQ:TWIN) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.67 and traded as high as $18.20. Twin Disc shares last traded at $17.08, with a volume of 62,925 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TWIN shares. Weiss Ratings upgraded Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, April 16th. Wall Street Zen upgraded Twin Disc from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Twin Disc Stock Down 2.2%

The business has a 50-day moving average of $16.65 and a 200-day moving average of $16.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 2.09. The stock has a market capitalization of $246.29 million, a price-to-earnings ratio of 9.28 and a beta of 0.71.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $96.69 million for the quarter, compared to analyst estimates of $94.70 million. Twin Disc had a return on equity of 2.77% and a net margin of 7.32%.

Twin Disc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, May 18th. Twin Disc’s dividend payout ratio (DPR) is presently 8.70%.

Institutional Trading of Twin Disc

Hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its position in shares of Twin Disc by 105.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 180,119 shares of the industrial products company’s stock worth $3,004,000 after purchasing an additional 92,284 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of Twin Disc by 350.6% during the 4th quarter. Ritholtz Wealth Management now owns 60,464 shares of the industrial products company’s stock worth $1,009,000 after purchasing an additional 47,045 shares during the last quarter. Mink Brook Asset Management LLC increased its position in shares of Twin Disc by 385.8% during the 3rd quarter. Mink Brook Asset Management LLC now owns 298,520 shares of the industrial products company’s stock worth $4,161,000 after purchasing an additional 237,073 shares during the last quarter. Teton Advisors LLC acquired a new stake in shares of Twin Disc during the 3rd quarter worth about $1,359,000. Finally, IFP Advisors Inc increased its position in shares of Twin Disc by 1.1% during the 3rd quarter. IFP Advisors Inc now owns 108,408 shares of the industrial products company’s stock worth $1,512,000 after purchasing an additional 1,206 shares during the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Twin Disc Company Profile

Twin Disc, Inc (NASDAQ: TWIN) is a global designer and manufacturer of power transmission equipment for marine and industrial applications. Headquartered in Racine, Wisconsin, the company develops a range of mechanical and digital solutions that control power delivery in demanding environments. Its portfolio includes marine gears, power take-offs, clutches, brakes, transmissions and controllable pitch propeller systems engineered to withstand heavy loads and corrosive conditions.

In addition to original equipment manufacturing, Twin Disc offers aftermarket parts and services, including maintenance, repair and overhaul support through a network of service centers worldwide.