GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Twin Disc, Incorporated (NASDAQ:TWIN) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 9,750 shares of the industrial products company’s stock, valued at approximately $259,000.
A number of other institutional investors have also modified their holdings of TWIN. Nationwide Fund Advisors raised its stake in Twin Disc by 229.5% in the 2nd quarter. Nationwide Fund Advisors now owns 6,590 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 4,590 shares in the last quarter. New York State Common Retirement Fund bought a new position in Twin Disc in the 2nd quarter valued at about $147,000. Rhumbline Advisers bought a new position in Twin Disc in the 2nd quarter valued at about $163,000. Advisor Group Inc. increased its holdings in Twin Disc by 3.4% in the 2nd quarter. Advisor Group Inc. now owns 14,650 shares of the industrial products company’s stock valued at $236,000 after buying an additional 479 shares during the period. Finally, California State Teachers Retirement System bought a new position in Twin Disc in the 2nd quarter valued at about $244,000. Institutional investors and hedge funds own 51.83% of the company’s stock.
TWIN has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Twin Disc from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a report on Thursday, November 2nd. BidaskClub lowered shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 30th. Finally, Robert W. Baird reissued a “hold” rating and issued a $28.00 target price on shares of Twin Disc in a report on Tuesday, January 9th. Four analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus target price of $25.67.
Twin Disc, Incorporated (NASDAQ:TWIN) opened at $31.03 on Monday. The company has a quick ratio of 1.42, a current ratio of 3.12 and a debt-to-equity ratio of 0.06. Twin Disc, Incorporated has a 1-year low of $14.81 and a 1-year high of $31.95. The company has a market cap of $359.70, a PE ratio of 100.10 and a beta of 1.55.
Twin Disc (NASDAQ:TWIN) last released its earnings results on Friday, February 2nd. The industrial products company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. Twin Disc had a negative net margin of 0.70% and a positive return on equity of 2.96%. The firm had revenue of $56.55 million for the quarter, compared to analyst estimates of $51.50 million. During the same period last year, the firm earned ($0.26) EPS. The business’s quarterly revenue was up 68.0% compared to the same quarter last year. equities research analysts predict that Twin Disc, Incorporated will post 0.58 earnings per share for the current year.
In related news, CFO Jeffrey Scott Knutson sold 1,750 shares of Twin Disc stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $28.21, for a total transaction of $49,367.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David R. Zimmer sold 1,500 shares of Twin Disc stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $24.96, for a total transaction of $37,440.00. Following the sale, the director now directly owns 31,868 shares in the company, valued at $795,425.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,250 shares of company stock worth $304,988. Insiders own 27.50% of the company’s stock.
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About Twin Disc
Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates through two segments: manufacturing and distribution. Its products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems.
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