Twin Disc (NASDAQ:TWIN) Cut to Hold at StockNews.com

StockNews.com cut shares of Twin Disc (NASDAQ:TWIN) from a strong-buy rating to a hold rating in a research report sent to investors on Friday morning.

Separately, Longbow Research initiated coverage on Twin Disc in a report on Thursday, April 17th. They set a “buy” rating and a $12.00 price objective on the stock.

Twin Disc Trading Up 0.7%

NASDAQ TWIN opened at $7.44 on Friday. The company has a quick ratio of 0.86, a current ratio of 2.11 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $105.26 million, a P/E ratio of 11.10 and a beta of 0.76. Twin Disc has a 52-week low of $6.16 and a 52-week high of $14.98. The firm has a 50-day moving average price of $7.30 and a 200 day moving average price of $9.75.

Twin Disc (NASDAQ:TWIN) last released its earnings results on Wednesday, May 7th. The industrial products company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.32). The business had revenue of $812.42 million for the quarter, compared to analyst estimates of $93.30 million. Twin Disc had a return on equity of 4.24% and a net margin of 2.92%.

Twin Disc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Monday, May 19th. Twin Disc’s dividend payout ratio (DPR) is 55.17%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its stake in shares of Twin Disc by 19.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 41,712 shares of the industrial products company’s stock worth $316,000 after acquiring an additional 6,774 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in Twin Disc by 2.7% during the first quarter. Gamco Investors INC. ET AL now owns 1,673,799 shares of the industrial products company’s stock worth $12,671,000 after purchasing an additional 43,647 shares during the last quarter. Nuveen LLC purchased a new stake in Twin Disc during the first quarter worth $114,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in Twin Disc by 12.6% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 59,839 shares of the industrial products company’s stock worth $453,000 after purchasing an additional 6,714 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Twin Disc by 12.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 35,531 shares of the industrial products company’s stock valued at $269,000 after purchasing an additional 3,796 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

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.