Twin Disc, Incorporated (TWIN) To Go Ex-Dividend on August 18th

Twin Disc, Incorporated (NASDAQ:TWIN) declared a quarterly dividend on Friday, August 7th. Investors of record on Tuesday, August 18th will be given a dividend of 0.05 per share by the industrial products company on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, August 18th. This is a 25.0% increase from Twin Disc’s previous quarterly dividend of $0.04.

Twin Disc has a payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings.

Twin Disc Trading Up 1.5%

Shares of TWIN opened at $24.54 on Friday. Twin Disc has a one year low of $8.03 and a one year high of $25.00. The stock has a 50-day moving average price of $22.49 and a 200 day moving average price of $18.92. 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 company has a market capitalization of $353.87 million, a P/E ratio of 13.34 and a beta of 0.64.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TWIN shares. Weiss Ratings raised Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Wall Street Zen lowered shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, Lake Street Capital assumed coverage on shares of Twin Disc in a research note on Thursday, July 9th. They set a “buy” rating and a $30.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.00.

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.