Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report) CFO Jeffrey Scott Knutson sold 5,902 shares of the company's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $23.25, for a total value of $137,221.50. Following the completion of the sale, the chief financial officer owned 172,373 shares in the company, valued at approximately $4,007,672.25. This represents a 3.31% decrease in their position. The sale was disclosed in a legal filing 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 transaction 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 NASDAQ TWIN opened at $24.41 on Wednesday. The company has a 50 day simple moving average of $23.23 and a two-hundred day simple moving average of $19.66. The stock has a market cap of $351.99 million, a price-to-earnings ratio of 10.26 and a beta of 0.67. The company has a current ratio of 2.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.23. Twin Disc, Incorporated has a 12 month low of $12.79 and a 12 month high of $25.50.
Twin Disc (NASDAQ:TWIN - Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The industrial products company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.41. Twin Disc had a net margin of 9.06% and a return on equity of 7.19%. The firm had revenue of $114.40 million for the quarter, compared to analyst estimates of $100.35 million.
Twin Disc Increases Dividend
The business also recently announced 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 was Tuesday, August 18th. This is a positive change from Twin Disc's previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. Twin Disc's dividend payout ratio (DPR) is currently 8.40%.
Analysts Set New Price Targets
TWIN has been the subject of several recent research reports. Weiss Ratings upgraded Twin Disc from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, June 12th. Lake Street Capital started coverage on shares of Twin Disc in a research note on Thursday, July 9th. They set a "buy" rating and a $30.00 price objective on the stock. Finally, Wall Street Zen lowered shares of Twin Disc from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 6th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.00.
Read Our Latest Report on TWIN
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its stake in Twin Disc by 19.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 41,712 shares of the industrial products company's stock valued at $316,000 after buying an additional 6,774 shares in the last quarter. Strs Ohio purchased a new stake in Twin Disc during the 1st quarter worth approximately $74,000. Arrowstreet Capital Limited Partnership purchased a new stake in Twin Disc during the 2nd quarter worth approximately $566,000. First Trust Advisors LP raised its holdings in shares of Twin Disc by 4.1% during the second quarter. First Trust Advisors LP now owns 35,168 shares of the industrial products company's stock valued at $311,000 after acquiring an additional 1,378 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Twin Disc during the second quarter valued at approximately $186,000. Institutional investors and hedge funds own 65.25% of the company's stock.
About Twin Disc
(
Get Free Report)
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.
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