Insider Selling: Twin Disc (NASDAQ:TWIN) CFO Sells $181,438.50 in Stock

Twin Disc, Incorporated (NASDAQ:TWIN) CFO Jeffrey Scott Knutson sold 7,482 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 164,891 shares in the company, valued at approximately $3,998,606.75. The trade was a 4.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

Twin Disc Trading Down 1.3%

Shares of NASDAQ:TWIN opened at $24.34 on Friday. Twin Disc, Incorporated has a 1 year low of $12.79 and a 1 year high of $25.50. The firm has a market capitalization of $350.98 million, a price-to-earnings ratio of 10.23 and a beta of 0.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.35 and a quick ratio of 0.81. The business’s 50 day moving average price is $23.30 and its 200-day moving average price is $19.76.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings results on Thursday, August 20th. The industrial products company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.23 by $0.41. The company had revenue of $114.40 million during the quarter, compared to analyst estimates of $100.35 million. Twin Disc had a net margin of 9.06% and a return on equity of 6.78%.

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 dividend of $0.05 per share. This is an increase 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%. The ex-dividend date of this dividend was Tuesday, August 18th. Twin Disc’s dividend payout ratio is presently 8.40%.

Hedge Funds Weigh In On Twin Disc

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Gamco Investors INC. ET AL raised its holdings in Twin Disc by 0.5% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,737,299 shares of the industrial products company’s stock valued at $28,978,000 after acquiring an additional 8,600 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Twin Disc during the 2nd quarter worth approximately $17,239,000. Vanguard Group Inc. grew its position in shares of Twin Disc by 0.9% in the third quarter. Vanguard Group Inc. now owns 576,549 shares of the industrial products company’s stock valued at $8,037,000 after purchasing an additional 5,407 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Twin Disc by 1,928.7% in the second quarter. Ameriprise Financial Inc. now owns 439,241 shares of the industrial products company’s stock valued at $3,878,000 after purchasing an additional 417,590 shares in the last quarter. Finally, Gabelli Funds LLC increased its holdings in shares of Twin Disc by 1.5% in the first quarter. Gabelli Funds LLC now owns 400,524 shares of the industrial products company’s stock valued at $6,036,000 after purchasing an additional 6,000 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TWIN. Wall Street Zen cut Twin Disc from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 6th. Weiss Ratings downgraded Twin Disc from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, Lake Street Capital initiated coverage on Twin Disc in a research note on Thursday, July 9th. They issued a “buy” rating and a $30.00 price target on the stock. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Twin Disc currently has a consensus rating of “Hold” and a consensus 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.