Twin Disc, Incorporated (NASDAQ:TWIN – Get Free Report) CFO Jeffrey Scott Knutson sold 5,902 shares of the business’s stock in a transaction dated 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 trade represents a 3.31% decrease in their ownership of the stock. The sale 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 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 value 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 value of $98,946.00.
Twin Disc Stock Up 2.3%
NASDAQ TWIN traded up $0.56 during trading on Tuesday, hitting $24.41. The stock had a trading volume of 82,450 shares, compared to its average volume of 82,941. Twin Disc, Incorporated has a 12 month low of $12.79 and a 12 month high of $25.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 2.09. The company’s 50-day moving average price is $23.20 and its two-hundred day moving average price is $19.61. The company has a market capitalization of $351.99 million, a PE ratio of 10.26 and a beta of 0.67.
Twin Disc Increases Dividend
The firm also recently disclosed 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. The ex-dividend date was Tuesday, August 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from Twin Disc’s previous quarterly dividend of $0.04. Twin Disc’s dividend payout ratio (DPR) is currently 8.40%.
Hedge Funds Weigh In On Twin Disc
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its holdings in shares of Twin Disc by 19.4% in the first quarter. Goldman Sachs Group Inc. now owns 41,712 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 6,774 shares during the last quarter. Strs Ohio acquired a new stake in shares of Twin Disc during the 1st quarter worth about $74,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Twin Disc during the 2nd quarter worth about $566,000. First Trust Advisors LP boosted its holdings in shares of Twin Disc by 4.1% during the 2nd quarter. First Trust Advisors LP now owns 35,168 shares of the industrial products company’s stock worth $311,000 after buying an additional 1,378 shares during the period. Finally, Marshall Wace LLP acquired a new position in Twin Disc in the 2nd quarter valued at about $186,000. Institutional investors own 65.25% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Lake Street Capital assumed coverage on Twin Disc in a research report on Thursday, July 9th. They issued a “buy” rating and a $30.00 target price on the stock. Weiss Ratings upgraded Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Finally, Wall Street Zen lowered Twin Disc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.00.
View Our Latest Stock Analysis on Twin Disc
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.
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