AMH Equity Ltd Trims Stock Holdings in Twin Disc, Incorporated (NASDAQ:TWIN)

AMH Equity Ltd cut its stake in Twin Disc, Incorporated (NASDAQ:TWIN - Free Report) by 25.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 530,086 shares of the industrial products company's stock after selling 183,600 shares during the period. Twin Disc comprises approximately 6.0% of AMH Equity Ltd's holdings, making the stock its 4th largest holding. AMH Equity Ltd owned approximately 3.75% of Twin Disc worth $4,013,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in Twin Disc by 689.1% during the 4th quarter. JPMorgan Chase & Co. now owns 38,342 shares of the industrial products company's stock valued at $451,000 after purchasing an additional 33,483 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in Twin Disc by 16.1% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 565,277 shares of the industrial products company's stock worth $6,642,000 after acquiring an additional 78,378 shares during the period. Geode Capital Management LLC raised its position in shares of Twin Disc by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 255,490 shares of the industrial products company's stock valued at $3,002,000 after acquiring an additional 4,566 shares during the period. Wells Fargo & Company MN increased its position in shares of Twin Disc by 9.4% in the 4th quarter. Wells Fargo & Company MN now owns 16,552 shares of the industrial products company's stock valued at $194,000 after buying an additional 1,427 shares in the last quarter. Finally, Barclays PLC raised its holdings in Twin Disc by 13.0% during the 4th quarter. Barclays PLC now owns 16,792 shares of the industrial products company's stock worth $197,000 after buying an additional 1,929 shares during the period. Institutional investors own 65.25% of the company's stock.

Twin Disc Trading Up 4.4%

Shares of TWIN stock traded up $0.37 on Tuesday, hitting $8.87. The company had a trading volume of 30,803 shares, compared to its average volume of 44,247. The stock's 50-day moving average is $8.18 and its two-hundred day moving average is $8.56. Twin Disc, Incorporated has a twelve month low of $6.16 and a twelve month high of $14.98. The firm has a market cap of $125.51 million, a P/E ratio of 30.59 and a beta of 0.82. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.86 and a current ratio of 2.11.

Twin Disc (NASDAQ:TWIN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.32). Twin Disc had a return on equity of 0.75% and a net margin of 1.25%. The firm had revenue of $812.42 million for the quarter, compared to analyst estimates of $93.30 million.

Twin Disc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.16 dividend on an annualized basis and a yield of 1.80%. Twin Disc's dividend payout ratio (DPR) is presently 55.17%.

Wall Street Analysts Forecast Growth

TWIN has been the subject of several research analyst reports. Wall Street Zen downgraded Twin Disc from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th. Longbow Research assumed coverage on shares of Twin Disc in a research report on Thursday, April 17th. They issued a "buy" rating and a $12.00 price objective on the stock.

About Twin Disc

Twin Disc, Incorporated engages in the design, manufacture, and sale of 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.