Twin Disc (NASDAQ:TWIN) Share Price Breaks Above 200 Day Moving Average – Time to Sell?

Shares of Twin Disc, Incorporated (NASDAQ:TWIN) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $21.84 and traded as high as $24.45. Twin Disc shares last traded at $24.35, with a volume of 73,028 shares changing hands.

Analyst Upgrades and Downgrades

TWIN has been the topic of several recent research reports. Lake Street Capital assumed coverage on Twin Disc in a research report on Thursday, July 9th. They set a “buy” rating and a $30.00 price target on the stock. Weiss Ratings upgraded Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen raised Twin Disc from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 12th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.00.

Twin Disc Stock Up 1.7%

The firm has a market cap of $354.05 million, a PE ratio of 10.23 and a beta of 0.59. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 2.35. The company’s 50-day simple moving average is $25.01 and its two-hundred day simple moving average is $21.84.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings data on Thursday, August 20th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.41. The firm had revenue of $114.40 million for the quarter, compared to analysts’ expectations of $100.35 million. Twin Disc had a net margin of 9.06% and a return on equity of 6.78%.

Twin Disc Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This is a boost from Twin Disc’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. Twin Disc’s payout ratio is 8.40%.

Insider Activity

In related news, CFO Jeffrey Knutson sold 7,482 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $24.25, for a total transaction of $181,438.50. Following the transaction, the chief financial officer owned 164,891 shares in the company, valued at $3,998,606.75. The trade was a 4.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 17,686 shares of company stock valued at $417,606 over the last quarter. 21.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Twin Disc

Several hedge funds have recently made changes to their positions in the business. Legal & General Group Plc purchased a new stake in Twin Disc in the second quarter worth $26,000. IFP Advisors Inc boosted its holdings in Twin Disc by 1.5% in the third quarter. IFP Advisors Inc now owns 122,185 shares of the industrial products company’s stock valued at $3,201,000 after acquiring an additional 1,828 shares in the last quarter. Empowered Funds LLC boosted its holdings in Twin Disc by 8.5% in the first quarter. Empowered Funds LLC now owns 26,786 shares of the industrial products company’s stock valued at $404,000 after acquiring an additional 2,099 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Twin Disc in the second quarter valued at $54,000. Finally, Bank of America Corp DE increased its position in Twin Disc by 34.7% during the 1st quarter. Bank of America Corp DE now owns 18,437 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 4,753 shares during the period. 65.25% of the stock is owned by hedge funds and other institutional investors.

Twin Disc Company Profile

Twin Disc, Inc designs, manufactures and sells power transmission and propulsion systems for marine, industrial and specialty vehicle applications. The company’s products are used to transfer and control engine power in commercial and recreational boats, workboats, military vessels, construction equipment and other heavy-duty machinery.

Its product portfolio includes marine transmissions, propulsion systems, surface drives, electronic controls, boat-management systems, power take-offs, torque converters and industrial transmissions.