2 weeks Ago By ABMN Staff
Rhumbline Advisers raised its stake in shares of Twin Disc, Incorporated ( NASDAQ:TWIN – Free Report ) by 1,037.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,654 shares of the industrial products company’s stock after purchasing an additional 12,454 shares during the period.
Rhumbline Advisers’ holdings in Twin Disc were worth $161,000 at the end of the most recent quarter. Several other institutional investors have also modified their holdings of the stock. Janney Montgomery Scott LLC boosted its holdings in Twin Disc by 17.
9% in the 4th quarter. Janney Montgomery Scott LLC now owns 39,115 shares of the industrial products company’s stock worth $632,000 after buying an additional 5,942 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Twin Disc in the first quarter valued at approximately $26,000.
Vanguard Group Inc. boosted its stake in shares of Twin Disc by 6.8% in the first quarter.
Vanguard Group Inc. now owns 540,668 shares of the industrial products company’s stock worth $8,937,000 after acquiring an additional 34,425 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Twin Disc by 1.
1% during the first quarter. Acadian Asset Management LLC now owns 62,741 shares of the industrial products company’s stock worth $1,036,000 after purchasing an additional 668 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Twin Disc by 64.
2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 36,366 shares of the industrial products company’s stock valued at $601,000 after purchasing an additional 14,218 shares in the last quarter. Institutional investors and hedge funds own 65.
25% of the company’s stock. Twin Disc Stock Up 0.5 % TWIN stock opened at $12.
82 on Monday. The company has a current ratio of 2.21, a quick ratio of 0.
90 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average of $12.
80 and a two-hundred day moving average of $14.00. Twin Disc, Incorporated has a 12 month low of $10.
90 and a 12 month high of $18.00. The company has a market cap of $180.
76 million, a price-to-earnings ratio of 14.74 and a beta of 0.60.
Twin Disc Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Monday, September 2nd. Stockholders of record on Monday, August 19th were issued a dividend of $0.04 per share.
The ex-dividend date was Monday, August 19th. This represents a $0.16 annualized dividend and a dividend yield of 1.
25%. Twin Disc’s dividend payout ratio is presently 18.39%.
Analysts Set New Price Targets Separately, StockNews.com lowered shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 7th. Read Our Latest Stock Analysis on Twin Disc Twin Disc Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding TWIN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Twin Disc, Incorporated ( NASDAQ:TWIN – Free Report ). Receive News & Ratings for Twin Disc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twin Disc and related companies with MarketBeat.com's FREE daily email newsletter .
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