AMH Equity Ltd cut its position in Twin Disc, Incorporated (NASDAQ:TWIN – Free Report) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 713,686 shares of the industrial products company’s stock after selling 22,917 shares during the quarter. Twin Disc makes up approximately 8.3% of AMH Equity Ltd’s investment portfolio, making the stock its 3rd largest holding. AMH Equity Ltd owned 0.05% of Twin Disc worth $8,386,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of TWIN. MetLife Investment Management LLC boosted its holdings in 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 valued at $83,000 after acquiring an additional 3,767 shares during the period. Barclays PLC lifted its position in shares of Twin Disc by 280.7% during the 3rd quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock worth $186,000 after purchasing an additional 10,959 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Twin Disc by 753.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 13,686 shares during the period. Empowered Funds LLC grew its holdings 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 during the last quarter. Finally, Skylands Capital LLC grew its holdings in Twin Disc by 110.0% in the 4th quarter. Skylands Capital LLC now owns 27,300 shares of the industrial products company’s stock valued at $321,000 after buying an additional 14,300 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Twin Disc from a “strong-buy” rating to a “buy” rating in a report on Tuesday.
Twin Disc Price Performance
Shares of Twin Disc stock opened at $8.51 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 0.86. The company has a market cap of $120.38 million, a PE ratio of 12.70 and a beta of 0.62. The firm has a fifty day moving average price of $10.94 and a two-hundred day moving average price of $11.77. Twin Disc, Incorporated has a fifty-two week low of $8.45 and a fifty-two week high of $18.00.
Twin Disc (NASDAQ:TWIN – Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.07 EPS for the quarter. Twin Disc had a net margin of 2.92% and a return on equity of 4.24%.
Twin Disc Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be given a $0.04 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.88%. Twin Disc’s dividend payout ratio is currently 23.88%.
Twin Disc Profile
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.
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