Twin Disc, Incorporated (NASDAQ:TWIN) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 128,700 shares, a drop of 10.1% from the June 30th total of 143,100 shares. Based on an average trading volume of 33,900 shares, the short-interest ratio is presently 3.8 days. Currently, 1.3% of the shares of the company are sold short.
Twin Disc stock opened at $10.16 on Friday. The firm has a market cap of $141.33 million, a price-to-earnings ratio of 12.24 and a beta of 2.00. Twin Disc has a 52 week low of $9.72 and a 52 week high of $26.94. The business’s 50-day moving average price is $13.08 and its 200 day moving average price is $15.38. The company has a quick ratio of 1.16, a current ratio of 3.00 and a debt-to-equity ratio of 0.32.
Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings data on Friday, August 9th. The industrial products company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.20). Twin Disc had a net margin of 4.07% and a return on equity of 6.76%. The business had revenue of $72.45 million during the quarter, compared to analyst estimates of $72.85 million. Equities analysts expect that Twin Disc will post 0.19 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its holdings in Twin Disc by 606.3% in the first quarter. BNP Paribas Arbitrage SA now owns 2,020 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 1,734 shares during the period. Rhumbline Advisers grew its holdings in Twin Disc by 5.0% in the first quarter. Rhumbline Advisers now owns 13,848 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 665 shares during the period. Bank of America Corp DE grew its holdings in Twin Disc by 17.3% in the fourth quarter. Bank of America Corp DE now owns 18,103 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 2,670 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Twin Disc by 8.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 23,813 shares of the industrial products company’s stock valued at $360,000 after purchasing an additional 1,948 shares during the period. Finally, LPL Financial LLC acquired a new stake in Twin Disc in the second quarter valued at approximately $456,000. 57.05% of the stock is currently owned by institutional investors.
Twin Disc Company Profile
Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. The company operates through two segments, Manufacturing and Distribution. Its products include marine transmissions, surface drives, propellers, and boat management systems; and power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.
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