Twin Disc (NASDAQ:TWIN) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Twin Disc (NASDAQ:TWIN) from a buy rating to a strong-buy rating in a report published on Saturday,Wall Street Zen reports.

A number of other brokerages have also issued reports on TWIN. Lake Street Capital started coverage on shares of Twin Disc in a report on Thursday, July 9th. They issued a “buy” rating and a $30.00 price objective for the company. Weiss Ratings downgraded shares of Twin Disc from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Twin Disc has an average rating of “Hold” and a consensus price target of $30.00.

Twin Disc Trading Up 0.8%

Shares of TWIN stock opened at $24.54 on Friday. The firm has a market capitalization of $353.87 million, a P/E ratio of 10.31 and a beta of 0.67. Twin Disc has a twelve month low of $12.79 and a twelve month high of $25.50. The company has a quick ratio of 0.81, a current ratio of 2.35 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $23.33 and its 200 day simple moving average is $19.80.

Twin Disc (NASDAQ:TWIN) last posted its earnings results on Thursday, August 20th. The industrial products company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.23 by $0.41. Twin Disc had a return on equity of 6.78% and a net margin of 9.06%.The firm had revenue of $114.40 million during the quarter, compared to the consensus estimate of $100.35 million.

Twin Disc Increases Dividend

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

Insider Buying and Selling at Twin Disc

In related news, CFO Jeffrey Scott Knutson sold 7,482 shares of Twin Disc stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $24.25, for a total transaction of $181,438.50. Following the completion of the transaction, the chief financial officer owned 164,891 shares of the company’s stock, valued at $3,998,606.75. This trade represents a 4.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 17,686 shares of company stock worth $417,606 in the last ninety days. Corporate insiders own 22.10% of the company’s stock.

Institutional Trading of Twin Disc

A number of institutional investors have recently bought and sold shares of the company. State Street Corp grew its stake in shares of Twin Disc by 2.3% in the 4th quarter. State Street Corp now owns 44,105 shares of the industrial products company’s stock valued at $736,000 after buying an additional 1,000 shares during the period. Legal & General Group Plc bought a new stake in Twin Disc in the 2nd quarter valued at about $26,000. JPMorgan Chase & Co. raised its stake in Twin Disc by 28.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock worth $75,000 after buying an additional 1,193 shares during the period. First Trust Advisors LP raised its stake in Twin Disc by 4.1% during the 2nd quarter. First Trust Advisors LP now owns 35,168 shares of the industrial products company’s stock worth $311,000 after buying an additional 1,378 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Twin Disc by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 131,241 shares of the industrial products company’s stock worth $2,190,000 after acquiring an additional 1,550 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

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.