Meros Investment Management LP bought a new stake in Twin Disc, Incorporated (NASDAQ:TWIN – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 54,607 shares of the industrial products company’s stock, valued at approximately $911,000. Meros Investment Management LP owned about 0.38% of Twin Disc as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of TWIN. Ameriprise Financial Inc. raised its position in Twin Disc by 1,928.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 439,241 shares of the industrial products company’s stock valued at $3,878,000 after buying an additional 417,590 shares during the last quarter. Mink Brook Asset Management LLC raised its position in Twin Disc by 385.8% in the 3rd quarter. Mink Brook Asset Management LLC now owns 298,520 shares of the industrial products company’s stock valued at $4,161,000 after buying an additional 237,073 shares during the last quarter. Teton Advisors LLC acquired a new stake in Twin Disc in the 3rd quarter valued at approximately $1,359,000. Allspring Global Investments Holdings LLC raised its position in Twin Disc by 105.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 180,119 shares of the industrial products company’s stock valued at $3,004,000 after buying an additional 92,284 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Twin Disc by 132.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 149,035 shares of the industrial products company’s stock valued at $2,078,000 after buying an additional 84,908 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.
Twin Disc Stock Down 0.0%
TWIN stock opened at $20.01 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 2.09 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average price of $17.64 and a two-hundred day moving average price of $17.00. The company has a market cap of $288.54 million, a price-to-earnings ratio of 10.88 and a beta of 0.71. Twin Disc, Incorporated has a twelve month low of $7.43 and a twelve month high of $21.00.
Twin Disc Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, May 18th. Twin Disc’s payout ratio is currently 8.70%.
Analyst Upgrades and Downgrades
TWIN has been the subject of a number of analyst reports. Weiss Ratings upgraded Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Wall Street Zen downgraded Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Analysis on Twin Disc
Twin Disc 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.
Further Reading
- Five stocks we like better than Twin Disc
- 3 AI Stocks With Moats That Could Outlast Summer Volatility
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
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.
