Twin Disc (NASDAQ:TWIN) CFO Sells $137,221.50 in Stock

Twin Disc, Incorporated (NASDAQ:TWIN) CFO Jeffrey Scott Knutson sold 5,902 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $23.25, for a total value of $137,221.50. Following the transaction, the chief financial officer directly owned 172,373 shares in the company, valued at $4,007,672.25. The trade was a 3.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, September 8th, Jeffrey Scott Knutson sold 7,482 shares of Twin Disc stock. The stock was sold at an average price of $24.25, for a total value of $181,438.50.
• 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 Stock Performance

Shares of TWIN stock opened at $24.34 on Friday. The firm has a market capitalization of $350.98 million, a PE ratio of 10.23 and a beta of 0.67. The firm has a fifty day simple moving average of $23.30 and a two-hundred day simple moving average of $19.76. The company has a current ratio of 2.35, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. Twin Disc, Incorporated has a 12 month low of $12.79 and a 12 month high of $25.50.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings data on Thursday, August 20th. The industrial products company reported $0.64 earnings per share 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 firm had revenue of $114.40 million for the quarter, compared to the consensus estimate of $100.35 million.

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 issued a $0.05 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Twin Disc’s previous quarterly dividend of $0.04. Twin Disc’s dividend payout ratio (DPR) is currently 8.40%.

Institutional Trading of Twin Disc

Institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc lifted its position in shares of Twin Disc by 2.0% during the second quarter. IFP Advisors Inc now owns 120,357 shares of the industrial products company’s stock valued at $2,792,000 after purchasing an additional 2,368 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Twin Disc in the 2nd quarter valued at about $526,000. California State Teachers Retirement System purchased a new stake in Twin Disc in the 2nd quarter valued at about $86,000. Empowered Funds LLC bought a new position in shares of Twin Disc during the 2nd quarter worth approximately $666,000. Finally, Bank of America Corp DE bought a new position in shares of Twin Disc during the 2nd quarter worth approximately $259,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on TWIN shares. Wall Street Zen lowered Twin Disc from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 6th. Weiss Ratings lowered Twin Disc from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Finally, Lake Street Capital initiated coverage on Twin Disc in a research report on Thursday, July 9th. They set a “buy” rating and a $30.00 target price on the stock. One equities research 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 a consensus rating of “Hold” and an average target price 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.