Twin Disc, Incorporated (NASDAQ:TWIN) Short Interest Up 387.8% in June

Twin Disc, Incorporated (NASDAQ:TWIN) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 348,028 shares, a growth of 387.8% from the June 15th total of 71,351 shares. Approximately 3.1% of the company’s shares are sold short. Based on an average daily trading volume, of 285,865 shares, the short-interest ratio is presently 1.2 days.

Wall Street Analyst Weigh In

TWIN has been the subject of a number of research analyst reports. Wall Street Zen lowered Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. Weiss Ratings raised shares of Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Finally, Lake Street Capital started coverage on shares of Twin Disc in a report on Thursday. They issued a “buy” rating and a $30.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Twin Disc has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Institutional Trading of Twin Disc

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. increased its stake in shares of Twin Disc by 1,928.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 439,241 shares of the industrial products company’s stock worth $3,878,000 after acquiring an additional 417,590 shares in the last quarter. Mink Brook Asset Management LLC grew its holdings in Twin Disc by 385.8% in the third 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 period. Allspring Global Investments Holdings LLC grew its holdings in Twin Disc by 105.1% in the fourth 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 period. Arrowstreet Capital Limited Partnership increased its stake in shares of Twin Disc by 132.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 149,035 shares of the industrial products company’s stock valued at $2,078,000 after purchasing an additional 84,908 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in shares of Twin Disc by 441.6% during the third quarter. Susquehanna International Group LLP now owns 99,791 shares of the industrial products company’s stock valued at $1,391,000 after purchasing an additional 81,366 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Twin Disc Stock Down 2.3%

Shares of TWIN stock traded down $0.53 during midday trading on Monday, reaching $22.09. 75,659 shares of the stock were exchanged, compared to its average volume of 79,389. Twin Disc has a 1 year low of $8.03 and a 1 year high of $24.50. The firm has a market cap of $318.54 million, a PE ratio of 12.01 and a beta of 0.64. The company’s 50 day moving average is $19.57 and its two-hundred day moving average is $17.90. The company has a current ratio of 2.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.23.

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

Twin Disc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.16 annualized dividend and a yield of 0.7%. Twin Disc’s dividend payout ratio (DPR) is currently 8.70%.

About Twin Disc

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.