Algert Global LLC Invests $1.19 Million in Twin Disc, Incorporated $TWIN

Key Points

• Algert Global LLC acquired 51,463 shares of Twin Disc worth approximately $1.19 million, giving it a 0.36% stake. Institutional investors and hedge funds collectively own 65.25% of the company.
• Twin Disc reported quarterly earnings of $0.64 per share, surpassing the $0.23 consensus estimate, while revenue of $114.4 million also exceeded expectations.
• The company raised its quarterly dividend from $0.04 to $0.05 per share. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $30, compared with a recent share price of $23.12.

Algert Global LLC purchased a new stake in Twin Disc, Incorporated (NASDAQ:TWIN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 51,463 shares of the industrial products company's stock, valued at approximately $1,194,000. Algert Global LLC owned 0.36% of Twin Disc at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in shares of Twin Disc by 19.4% in the first quarter. Goldman Sachs Group Inc. now owns 41,712 shares of the industrial products company's stock valued at $316,000 after buying an additional 6,774 shares during the period. Strs Ohio acquired a new stake in shares of Twin Disc during the 1st quarter worth approximately $74,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Twin Disc during the second quarter valued at approximately $566,000. First Trust Advisors LP increased its position in shares of Twin Disc by 4.1% during the second quarter. First Trust Advisors LP now owns 35,168 shares of the industrial products company's stock valued at $311,000 after purchasing an additional 1,378 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Twin Disc in the second quarter valued at $186,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Twin Disc Stock Down 1.0%

Shares of NASDAQ TWIN opened at $23.12 on Friday. The firm's 50-day simple moving average is $23.19 and its 200 day simple moving average is $19.38. The company has a market cap of $333.39 million, a price-to-earnings ratio of 9.71 and a beta of 0.64. The company has a quick ratio of 0.81, a current ratio of 2.09 and a debt-to-equity ratio of 0.23. Twin Disc, Incorporated has a 12-month low of $12.00 and a 12-month high of $25.50.

Twin Disc (NASDAQ:TWIN - Get Free Report) last posted its quarterly earnings data on Thursday, August 20th. The industrial products company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.41. Twin Disc had a net margin of 9.06% and a return on equity of 7.19%. The firm had revenue of $114.40 million during the quarter, compared to analysts' expectations of $100.35 million.

Twin Disc Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be paid a $0.05 dividend. This is an increase from Twin Disc's previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. Twin Disc's payout ratio is 8.40%.

Wall Street Analyst Weigh In

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

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.

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