Skylands Capital LLC Has $321,000 Stock Holdings in Twin Disc, Incorporated (NASDAQ:TWIN)

Skylands Capital LLC raised its stake in Twin Disc, Incorporated (NASDAQ:TWIN) by 110.0% in the 4th quarter, HoldingsChannel reports. The firm owned 27,300 shares of the industrial products company’s stock after acquiring an additional 14,300 shares during the quarter. Skylands Capital LLC’s holdings in Twin Disc were worth $321,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TWIN. Empowered Funds LLC increased its position in Twin Disc by 26.0% in the 4th quarter. Empowered Funds LLC now owns 17,427 shares of the industrial products company’s stock valued at $205,000 after buying an additional 3,596 shares in the last quarter. Barclays PLC boosted its holdings in Twin Disc by 280.7% in the third quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock worth $186,000 after acquiring an additional 10,959 shares in the last quarter. Geode Capital Management LLC grew its stake in Twin Disc by 1.3% in the third quarter. Geode Capital Management LLC now owns 250,924 shares of the industrial products company’s stock valued at $3,134,000 after acquiring an additional 3,109 shares during the period. State Street Corp increased its holdings in shares of Twin Disc by 2.3% during the third quarter. State Street Corp now owns 123,880 shares of the industrial products company’s stock valued at $1,547,000 after acquiring an additional 2,835 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of Twin Disc by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 3,767 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.

Twin Disc Trading Down 0.2 %

NASDAQ:TWIN opened at $8.73 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 0.86. Twin Disc, Incorporated has a one year low of $8.65 and a one year high of $18.00. The company has a market cap of $123.49 million, a PE ratio of 13.03 and a beta of 0.62. The firm has a 50-day moving average of $11.02 and a 200-day moving average of $11.80.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.07 EPS for the quarter. Twin Disc had a return on equity of 4.24% and a net margin of 2.92%.

Twin Disc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.83%. The ex-dividend date is Friday, February 14th. Twin Disc’s dividend payout ratio (DPR) is presently 23.88%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Twin Disc from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 7th.

About Twin Disc

Twin Disc, Incorporated engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal products include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.