Twin Disc (NASDAQ:TWIN) CFO Jeffrey Scott Knutson Sells 5,902 Shares of Stock

Twin Disc, Incorporated (NASDAQ:TWIN) CFO Jeffrey Scott Knutson sold 5,902 shares of Twin Disc stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $23.25, for a total transaction of $137,221.50. Following the transaction, the chief financial officer directly owned 172,373 shares in the company, valued at approximately $4,007,672.25. The trade was a 3.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 transaction of $181,438.50.
• 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 Stock Up 2.3%

Shares of NASDAQ TWIN opened at $24.41 on Wednesday. Twin Disc, Incorporated has a 12-month low of $12.79 and a 12-month high of $25.50. The stock’s fifty day simple moving average is $23.23 and its two-hundred day simple moving average is $19.66. The stock has a market capitalization of $351.99 million, a PE ratio of 10.26 and a beta of 0.67. 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 released 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 firm had revenue of $114.40 million during the quarter, compared to analyst estimates 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 announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.8%. This is a boost from Twin Disc’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, August 18th. Twin Disc’s payout ratio is presently 8.40%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Lake Street Capital initiated coverage on shares of Twin Disc in a research note on Thursday, July 9th. They set a “buy” rating and a $30.00 price objective for the company. Finally, Wall Street Zen cut shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Institutional Investors Weigh In On Twin Disc

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Twin Disc during the second quarter worth about $17,239,000. Ameriprise Financial Inc. raised its position in shares of Twin Disc by 1,928.7% in the 2nd 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 during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Twin Disc during the second quarter worth $2,684,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Twin Disc in the 2nd quarter valued at $2,137,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Twin Disc by 132.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 149,035 shares of the industrial products company’s stock valued at $2,078,000 after acquiring an additional 84,908 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.

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.