Royce & Associates LP Has $3.87 Million Position in Twin Disc, Incorporated (NASDAQ:TWIN)

Royce & Associates LP reduced its holdings in Twin Disc, Incorporated (NASDAQ:TWIN) by 17.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 329,234 shares of the industrial products company’s stock after selling 68,978 shares during the period. Royce & Associates LP’s holdings in Twin Disc were worth $3,868,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. MetLife Investment Management LLC increased its stake in Twin Disc by 129.1% in the third quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 3,767 shares in the last quarter. Barclays PLC increased its stake in Twin Disc by 280.7% in the third quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock valued at $186,000 after purchasing an additional 10,959 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Twin Disc by 753.6% in the third 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 in the last quarter. Empowered Funds LLC increased its stake in Twin Disc by 26.0% in the fourth quarter. Empowered Funds LLC now owns 17,427 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 3,596 shares in the last quarter. Finally, Skylands Capital LLC increased its stake in Twin Disc by 110.0% in the fourth quarter. Skylands Capital LLC now owns 27,300 shares of the industrial products company’s stock valued at $321,000 after purchasing an additional 14,300 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Twin Disc Stock Up 6.3 %

Shares of TWIN stock opened at $8.21 on Thursday. The firm has a fifty day moving average of $9.85 and a 200-day moving average of $11.26. The company has a quick ratio of 0.86, a current ratio of 2.11 and a debt-to-equity ratio of 0.15. Twin Disc, Incorporated has a 12-month low of $7.35 and a 12-month high of $18.00. The company has a market capitalization of $116.14 million, a price-to-earnings ratio of 12.25 and a beta of 0.58.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.07 earnings per share (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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Friday, February 14th. Twin Disc’s dividend payout ratio is 23.88%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Twin Disc from a “buy” rating to a “strong-buy” rating in a research note on Tuesday.

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.