Twin Disc, Incorporated (TWIN) To Go Ex-Dividend on May 19th

Twin Disc, Incorporated (NASDAQ:TWIN) announced a quarterly dividend on Friday, May 9th, Wall Street Journal reports. Stockholders of record on Monday, May 19th will be given a dividend of 0.04 per share by the industrial products company on Monday, June 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Monday, May 19th.

Twin Disc has a payout ratio of 14.3% indicating that its dividend is sufficiently covered by earnings.

Twin Disc Stock Performance

Shares of Twin Disc stock opened at $7.44 on Friday. Twin Disc has a 12 month low of $6.16 and a 12 month high of $14.98. The firm’s fifty day simple moving average is $7.30 and its 200-day simple moving average is $9.78. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 0.86. The stock has a market capitalization of $105.26 million, a price-to-earnings ratio of 11.10 and a beta of 0.76.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.32). The business had revenue of $812.42 million during the quarter, compared to analyst estimates of $93.30 million. Twin Disc had a net margin of 2.92% and a return on equity of 4.24%.

Institutional Trading of Twin Disc

A hedge fund recently raised its stake in Twin Disc stock. Goldman Sachs Group Inc. increased its stake in Twin Disc, Incorporated (NASDAQ:TWIN) by 19.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,712 shares of the industrial products company’s stock after buying an additional 6,774 shares during the quarter. Goldman Sachs Group Inc. owned about 0.29% of Twin Disc worth $316,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analyst Ratings Changes

TWIN has been the subject of several research reports. Longbow Research initiated coverage on Twin Disc in a research report on Thursday, April 17th. They set a “buy” rating and a $12.00 price objective for the company. StockNews.com downgraded shares of Twin Disc from a “strong-buy” rating to a “hold” rating in a research note on Friday.

About Twin Disc

Twin Disc, Incorporated engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal products include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.