Twin Disc, Incorporated (NASDAQ:TWIN) VP Denise Wilcox sold 5,000 shares of Twin Disc stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $27.25, for a total transaction of $136,250.00. Following the transaction, the vice president now directly owns 33,513 shares in the company, valued at $913,229.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Twin Disc, Incorporated (NASDAQ TWIN) traded down $0.28 during midday trading on Friday, hitting $26.41. The stock had a trading volume of 20,213 shares, compared to its average volume of 46,893. The company has a market cap of $306.15, a PE ratio of 1,334.50 and a beta of 1.73. Twin Disc, Incorporated has a 12 month low of $13.99 and a 12 month high of $29.35. The company has a quick ratio of 1.42, a current ratio of 3.12 and a debt-to-equity ratio of 0.06.
Twin Disc (NASDAQ:TWIN) last released its earnings results on Friday, October 27th. The industrial products company reported $0.29 EPS for the quarter. The company had revenue of $45.06 million for the quarter, compared to analysts’ expectations of $45.90 million. Twin Disc had a positive return on equity of 0.27% and a negative net margin of 0.12%. The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.24) EPS. equities research analysts forecast that Twin Disc, Incorporated will post 0.58 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on TWIN shares. Zacks Investment Research downgraded shares of Twin Disc from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. TheStreet raised shares of Twin Disc from a “d+” rating to a “c-” rating in a report on Monday, August 28th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC raised its stake in shares of Twin Disc by 4.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 619,446 shares of the industrial products company’s stock worth $11,528,000 after purchasing an additional 27,476 shares during the period. California Public Employees Retirement System raised its stake in shares of Twin Disc by 15.7% during the 3rd quarter. California Public Employees Retirement System now owns 59,696 shares of the industrial products company’s stock worth $1,111,000 after purchasing an additional 8,096 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Twin Disc by 4.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 615,564 shares of the industrial products company’s stock worth $11,456,000 after purchasing an additional 25,262 shares during the period. Wells Fargo & Company MN raised its stake in shares of Twin Disc by 14.4% during the 3rd quarter. Wells Fargo & Company MN now owns 32,108 shares of the industrial products company’s stock worth $597,000 after purchasing an additional 4,048 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Twin Disc during the 3rd quarter worth $608,000. Institutional investors own 52.58% of the company’s stock.
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About Twin Disc
Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates through two segments: manufacturing and distribution. Its products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems.
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