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

Shares of Twin Disc, Incorporated (NASDAQ:TWIN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.76 and traded as high as $23.00. Twin Disc shares last traded at $21.88, with a volume of 183,860 shares changing hands.

Wall Street Analyst Weigh In

TWIN has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. Weiss Ratings upgraded Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Finally, Lake Street Capital assumed coverage on Twin Disc in a research report on Thursday. They issued a “buy” rating and a $30.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Twin Disc has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Twin Disc Price Performance

The company’s 50-day moving average price is $19.45 and its two-hundred day moving average price is $17.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 0.81. The company has a market capitalization of $333.10 million, a P/E ratio of 12.55 and a beta of 0.64.

Twin Disc (NASDAQ:TWIN) last announced its earnings results on Wednesday, May 6th. The industrial products company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $96.69 million for the quarter, compared to the consensus estimate of $94.70 million. Twin Disc had a return on equity of 2.77% and a net margin of 7.32%.

Twin Disc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were given a $0.04 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.16 annualized dividend and a dividend yield of 0.7%. Twin Disc’s dividend payout ratio is presently 8.70%.

Institutional Trading of Twin Disc

Several hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in Twin Disc by 1,928.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 439,241 shares of the industrial products company’s stock worth $3,878,000 after purchasing an additional 417,590 shares in the last quarter. Mink Brook Asset Management LLC grew its position in shares of Twin Disc by 385.8% during the 3rd quarter. Mink Brook Asset Management LLC now owns 298,520 shares of the industrial products company’s stock worth $4,161,000 after purchasing an additional 237,073 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Twin Disc by 105.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 180,119 shares of the industrial products company’s stock worth $3,004,000 after purchasing an additional 92,284 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Twin Disc by 132.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 149,035 shares of the industrial products company’s stock worth $2,078,000 after purchasing an additional 84,908 shares during the period. Finally, Susquehanna International Group LLP raised its position in shares of Twin Disc by 441.6% in the third quarter. Susquehanna International Group LLP now owns 99,791 shares of the industrial products company’s stock valued at $1,391,000 after buying an additional 81,366 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

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.