Twin Disc, Incorporated (NASDAQ:TWIN) Holdings Trimmed by Grace & White Inc. NY

Grace & White Inc. NY trimmed its position in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 1.8% during the 4th quarter, HoldingsChannel reports. The firm owned 214,336 shares of the industrial products company’s stock after selling 3,899 shares during the quarter. Grace & White Inc. NY’s holdings in Twin Disc were worth $3,464,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its holdings in shares of Twin Disc by 31.5% during the 3rd quarter. Acadian Asset Management LLC now owns 54,123 shares of the industrial products company’s stock valued at $740,000 after acquiring an additional 12,971 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Twin Disc during the 3rd quarter valued at $455,000. Citigroup Inc. purchased a new position in shares of Twin Disc during the 3rd quarter valued at $254,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Twin Disc during the 3rd quarter valued at $171,000. Finally, Ritholtz Wealth Management bought a new stake in Twin Disc in the fourth quarter worth $164,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, TheStreet upgraded shares of Twin Disc from a “c+” rating to a “b-” rating in a report on Monday, March 11th.

Twin Disc Stock Performance

Twin Disc stock traded up $0.04 on Tuesday, reaching $16.54. 23,282 shares of the stock were exchanged, compared to its average volume of 26,101. The stock has a market cap of $231.56 million, a PE ratio of 20.63 and a beta of 0.80. The company has a current ratio of 2.22, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Twin Disc, Incorporated has a twelve month low of $8.61 and a twelve month high of $18.00. The firm has a fifty day moving average price of $16.15 and a two-hundred day moving average price of $15.18.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.07 EPS for the quarter. The business had revenue of $72.99 million during the quarter. Twin Disc had a net margin of 3.75% and a return on equity of 7.74%.

Twin Disc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Thursday, February 15th. Twin Disc’s dividend payout ratio is currently 20.00%.

About Twin Disc

Twin Disc, Incorporated designs, manufactures, and sells 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.