Gamco Investors INC. ET AL Decreases Position in Twin Disc, Incorporated $TWIN

Gamco Investors INC. ET AL trimmed its holdings in Twin Disc, Incorporated (NASDAQ:TWIN) by 4.8% in the first quarter, HoldingsChannel.com reports. The firm owned 1,653,136 shares of the industrial products company’s stock after selling 84,163 shares during the quarter. Gamco Investors INC. ET AL owned about 0.11% of Twin Disc worth $24,913,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TWIN. State Street Corp raised its holdings in Twin Disc by 2.3% during the fourth quarter. State Street Corp now owns 44,105 shares of the industrial products company’s stock worth $736,000 after purchasing an additional 1,000 shares in the last quarter. Peapod Lane Capital LLC boosted its holdings in shares of Twin Disc by 0.7% in the 4th quarter. Peapod Lane Capital LLC now owns 138,630 shares of the industrial products company’s stock valued at $2,312,000 after buying an additional 1,011 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Twin Disc by 28.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock valued at $75,000 after buying an additional 1,193 shares during the last quarter. First Trust Advisors LP grew its position in shares of Twin Disc by 4.1% in the 2nd quarter. First Trust Advisors LP now owns 35,168 shares of the industrial products company’s stock valued at $311,000 after buying an additional 1,378 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Twin Disc by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 131,241 shares of the industrial products company’s stock worth $2,190,000 after acquiring an additional 1,550 shares in the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Twin Disc Price Performance

TWIN stock opened at $23.22 on Friday. The company has a current ratio of 2.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $334.83 million, a P/E ratio of 12.62 and a beta of 0.64. The business has a 50 day simple moving average of $20.54 and a 200-day simple moving average of $18.30. Twin Disc, Incorporated has a twelve month low of $8.03 and a twelve month high of $24.50.

Twin Disc (NASDAQ:TWIN) last announced its earnings results on Wednesday, May 6th. The industrial products company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Twin Disc had a net margin of 7.32% and a return on equity of 2.77%. The business had revenue of $96.69 million during the quarter, compared to analyst estimates of $94.70 million.

Twin Disc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, May 18th. Twin Disc’s dividend payout ratio (DPR) is presently 8.70%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Lake Street Capital assumed coverage on shares of Twin Disc in a research report on Thursday, July 9th. They issued a “buy” rating and a $30.00 price target for the company. Weiss Ratings raised Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Finally, Wall Street Zen cut Twin Disc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Twin Disc Company Profile

Twin Disc, Inc (NASDAQ: TWIN) is a global designer and manufacturer of power transmission equipment for marine and industrial applications. Headquartered in Racine, Wisconsin, the company develops a range of mechanical and digital solutions that control power delivery in demanding environments. Its portfolio includes marine gears, power take-offs, clutches, brakes, transmissions and controllable pitch propeller systems engineered to withstand heavy loads and corrosive conditions.

In addition to original equipment manufacturing, Twin Disc offers aftermarket parts and services, including maintenance, repair and overhaul support through a network of service centers worldwide.