Skylands Capital LLC Decreases Holdings in Twin Disc, Incorporated (NASDAQ:TWIN)

Skylands Capital LLC trimmed its position in Twin Disc, Incorporated (NASDAQ:TWIN) by 43.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,407 shares of the industrial products company’s stock after selling 44,814 shares during the period. Skylands Capital LLC’s holdings in Twin Disc were worth $928,000 as of its most recent filing with the Securities & Exchange Commission.

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

Twin Disc Price Performance

Shares of TWIN opened at $16.20 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.22 and a quick ratio of 0.87. The company’s fifty day moving average price is $16.29 and its 200-day moving average price is $15.29. Twin Disc, Incorporated has a 1-year low of $10.71 and a 1-year high of $18.00. The firm has a market capitalization of $226.80 million, a PE ratio of 20.41 and a beta of 0.80.

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

Twin Disc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a $0.04 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.16 dividend on an annualized basis and a yield of 0.99%. Twin Disc’s dividend payout ratio is currently 20.00%.

Wall Street Analysts Forecast Growth

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

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.