Insider Selling: Twin Disc (NASDAQ:TWIN) CFO Sells 7,482 Shares

Twin Disc, Incorporated (NASDAQ:TWIN) CFO Jeffrey Scott Knutson sold 7,482 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $24.25, for a total value of $181,438.50. Following the sale, the chief financial officer owned 164,891 shares of the company’s stock, 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 accessible through this hyperlink.

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 Trading Up 2.3%

NASDAQ TWIN traded up $0.56 during trading hours on Tuesday, hitting $24.41. 82,450 shares of the company’s stock were exchanged, compared to its average volume of 82,941. The stock has a 50-day simple moving average of $23.20 and a 200 day simple moving average of $19.61. Twin Disc, Incorporated has a 1-year low of $12.79 and a 1-year high of $25.50. The firm has a market cap of $351.99 million, a price-to-earnings 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 issued its quarterly earnings results on Thursday, August 20th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.41. The firm had revenue of $114.40 million for 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 disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th were issued 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 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, August 18th. Twin Disc’s dividend payout ratio (DPR) is currently 8.40%.

Institutional Investors Weigh In On Twin Disc

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Twin Disc during the 2nd quarter worth $17,239,000. Meros Investment Management LP purchased a new stake in shares of Twin Disc in the second quarter valued at about $1,864,746. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Twin Disc during the second quarter valued at about $2,137,000. Bank of New York Mellon Corp bought a new position in shares of Twin Disc during the second quarter valued at about $2,684,000. Finally, North Star Investment Management Corp. purchased a new position in Twin Disc during the first quarter worth about $874,000. Institutional investors own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TWIN shares. Wall Street Zen lowered Twin Disc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. Weiss Ratings upgraded Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. 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 objective for the company. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

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.