Twin Disc, Incorporated (TWIN) To Go Ex-Dividend on August 18th

Twin Disc, Incorporated (NASDAQ:TWIN) announced a quarterly dividend on Friday, August 7th. Stockholders of record on Tuesday, August 18th will be paid a dividend of 0.05 per share by the industrial products company on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, August 18th. This is a 25.0% increase from Twin Disc’s previous quarterly dividend of $0.04.

Twin Disc has a payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings.

Twin Disc Stock Up 1.5%

NASDAQ:TWIN opened at $24.54 on Friday. Twin Disc has a fifty-two week low of $8.03 and a fifty-two week high of $25.00. The firm has a market cap of $353.87 million, a P/E ratio of 13.34 and a beta of 0.64. The firm has a 50-day simple moving average of $22.49 and a two-hundred day simple moving average of $18.92. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 2.09.

Institutional Trading of Twin Disc

Several large investors have recently modified their holdings of the company. Meros Investment Management LP purchased a new stake in shares of Twin Disc during the 4th quarter valued at about $911,000. North Star Investment Management Corp. purchased a new position in shares of Twin Disc in the first quarter worth approximately $874,000. Sei Investments Co. grew its position in Twin Disc by 92.8% during the first quarter. Sei Investments Co. now owns 70,471 shares of the industrial products company’s stock valued at $1,062,000 after buying an additional 33,919 shares during the period. Empowered Funds LLC increased its holdings in Twin Disc by 8.5% during the first quarter. Empowered Funds LLC now owns 26,786 shares of the industrial products company’s stock valued at $404,000 after buying an additional 2,099 shares during the last quarter. Finally, Gabelli Funds LLC raised its position in Twin Disc by 1.5% in the first quarter. Gabelli Funds LLC now owns 400,524 shares of the industrial products company’s stock worth $6,036,000 after acquiring an additional 6,000 shares during the period. Institutional investors 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.