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 Twin Disc stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $24.25, for a total transaction of $181,438.50. Following the transaction, the chief financial officer directly owned 164,891 shares in the company, valued at approximately $3,998,606.75. This represents a 4.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were 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 shares were sold at an average price of $23.00, for a total value of $98,946.00.

Twin Disc Stock Performance

Shares of TWIN traded up $0.56 on Tuesday, reaching $24.41. 82,450 shares of the company’s stock traded hands, compared to its average volume of 82,941. The stock’s 50 day simple moving average is $23.20 and its two-hundred day simple moving average is $19.61. The stock has a market cap of $351.99 million, a PE ratio of 10.26 and a beta of 0.67. Twin Disc, Incorporated has a 52-week low of $12.79 and a 52-week high of $25.50. 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 (NASDAQ:TWIN) last posted 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. The business had revenue of $114.40 million for the quarter, compared to analysts’ expectations of $100.35 million. Twin Disc had a return on equity of 7.19% and a net margin of 9.06%.

Twin Disc Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th were issued a $0.05 dividend. This is an increase from Twin Disc’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. Twin Disc’s payout ratio is presently 8.40%.

Wall Street Analysts Forecast Growth

TWIN has been the topic of several research reports. Lake Street Capital initiated coverage on shares of Twin Disc in a research report on Thursday, July 9th. They issued a “buy” rating and a $30.00 price objective on the stock. Weiss Ratings raised shares of Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Finally, Wall Street Zen lowered shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Twin Disc currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Institutional Investors Weigh In On Twin Disc

Large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System purchased a new stake in Twin Disc during the second quarter valued at about $86,000. Empowered Funds LLC purchased a new position in shares of Twin Disc in the second quarter worth about $666,000. Bank of America Corp DE bought a new stake in shares of Twin Disc in the second quarter valued at approximately $259,000. Meros Investment Management LP bought a new stake in shares of Twin Disc in the second quarter valued at approximately $1,864,746. Finally, Legal & General Group Plc purchased a new stake in shares of Twin Disc during the 2nd quarter valued at approximately $26,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

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.