Twin Disc, Incorporated (NASDAQ:TWIN) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its holdings in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,630,152 shares of the industrial products company’s stock after selling 6,600 shares during the period. Gamco Investors INC. ET AL owned 0.12% of Twin Disc worth $19,154,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TWIN. Barclays PLC raised its stake in Twin Disc by 280.7% during the third 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 period. BNP Paribas Financial Markets increased its position in shares of 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 worth $194,000 after purchasing an additional 13,686 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Twin Disc by 9.4% in the 4th quarter. Wells Fargo & Company MN now owns 16,552 shares of the industrial products company’s stock valued at $194,000 after buying an additional 1,427 shares during the period. Empowered Funds LLC lifted its position 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 buying an additional 3,596 shares during the last quarter. Finally, Skylands Capital LLC boosted its stake in Twin Disc by 110.0% during the fourth quarter. Skylands Capital LLC now owns 27,300 shares of the industrial products company’s stock worth $321,000 after buying an additional 14,300 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Twin Disc from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 26th.

Twin Disc Trading Down 0.9 %

Shares of Twin Disc stock opened at $6.83 on Wednesday. The company has a fifty day simple moving average of $8.28 and a 200-day simple moving average of $10.55. The stock has a market cap of $96.62 million, a price-to-earnings ratio of 10.19 and a beta of 0.56. Twin Disc, Incorporated has a 12-month low of $6.36 and a 12-month high of $17.50. The company has a current ratio of 2.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings results 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 declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Friday, February 14th. 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.