Jeffrey Scott Knutson Sells 7,482 Shares of Twin Disc (NASDAQ:TWIN) Stock

Twin Disc, Incorporated (NASDAQ:TWIN) CFO Jeffrey Scott Knutson sold 7,482 shares of Twin Disc stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $24.25, for a total value of $181,438.50. Following the completion of the transaction, the chief financial officer directly owned 164,891 shares in the company, valued at $3,998,606.75. This represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jeffrey Scott Knutson also recently made the following trade(s):

• On Friday, September 4th, Jeffrey Scott Knutson sold 5,902 shares of Twin Disc stock. The stock was sold at an average price of $23.25, for a total transaction of $137,221.50.
• On Thursday, September 3rd, Jeffrey Scott Knutson sold 4,302 shares of Twin Disc stock. The shares were sold at an average price of $23.00, for a total transaction of $98,946.00.

Twin Disc Trading Up 1.1%

NASDAQ TWIN opened at $24.67 on Thursday. The firm has a market capitalization of $355.82 million, a price-to-earnings ratio of 10.37 and a beta of 0.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 2.35. Twin Disc, Incorporated has a one year low of $12.79 and a one year high of $25.50. The company’s 50 day moving average price is $23.27 and its 200 day moving average price is $19.71.

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, topping the consensus estimate of $0.23 by $0.41. Twin Disc had a net margin of 9.06% and a return on equity of 6.78%. The company had revenue of $114.40 million during the quarter, compared to the consensus estimate of $100.35 million.

Twin Disc Increases Dividend

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

Institutional Investors Weigh In On Twin Disc

A number of large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new position in Twin Disc in the 2nd quarter worth $26,000. Global Retirement Partners LLC purchased a new position in Twin Disc in the 4th quarter valued at about $39,000. Strs Ohio acquired a new stake in shares of Twin Disc during the first quarter valued at about $74,000. JPMorgan Chase & Co. grew its stake in shares of Twin Disc by 28.6% during the third quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 1,193 shares in the last quarter. Finally, California State Teachers Retirement System purchased a new stake in shares of Twin Disc during the second quarter worth about $86,000. 65.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on TWIN shares. Weiss Ratings lowered Twin Disc from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Wall Street Zen lowered Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, Lake Street Capital started coverage on Twin Disc in a report on Thursday, July 9th. They set a “buy” rating and a $30.00 target price on the stock. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Twin Disc has an average rating of “Hold” and an average price target of $30.00.

Twin Disc Company Profile

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.