Twin Disc, Incorporated (NASDAQ:TWIN) Shares Sold by AMH Equity Ltd

AMH Equity Ltd cut its holdings in Twin Disc, Incorporated (NASDAQ:TWIN - Free Report) by 25.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 530,086 shares of the industrial products company's stock after selling 183,600 shares during the quarter. Twin Disc comprises approximately 6.0% of AMH Equity Ltd's holdings, making the stock its 4th largest position. AMH Equity Ltd owned about 3.75% of Twin Disc worth $4,013,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of Twin Disc by 4.9% during the 1st quarter. Bank of New York Mellon Corp now owns 94,904 shares of the industrial products company's stock valued at $718,000 after acquiring an additional 4,439 shares during the last quarter. Skylands Capital LLC boosted its position in Twin Disc by 8.8% during the first quarter. Skylands Capital LLC now owns 29,704 shares of the industrial products company's stock worth $225,000 after purchasing an additional 2,404 shares during the period. Grace & White Inc. NY grew its holdings in Twin Disc by 25.7% during the first quarter. Grace & White Inc. NY now owns 269,247 shares of the industrial products company's stock valued at $2,038,000 after purchasing an additional 55,111 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in Twin Disc by 566.7% during the first quarter. Central Pacific Bank Trust Division now owns 10,000 shares of the industrial products company's stock valued at $76,000 after purchasing an additional 8,500 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in shares of Twin Disc in the fourth quarter valued at approximately $101,000. 65.25% of the stock is owned by institutional investors.

Twin Disc Stock Performance

Shares of NASDAQ TWIN traded down $0.15 during trading hours on Friday, reaching $8.59. The stock had a trading volume of 22,759 shares, compared to its average volume of 44,454. The business's fifty day moving average is $8.16 and its two-hundred day moving average is $8.60. The company has a market cap of $121.55 million, a price-to-earnings ratio of 29.62 and a beta of 0.82. Twin Disc, Incorporated has a twelve month low of $6.16 and a twelve month high of $14.98. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 0.86.

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

Twin Disc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were given a $0.04 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.16 dividend on an annualized basis and a yield of 1.86%. Twin Disc's payout ratio is 55.17%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TWIN shares. Longbow Research began coverage on shares of Twin Disc in a report on Thursday, April 17th. They set a "buy" rating and a $12.00 price objective for the company. Wall Street Zen cut shares of Twin Disc from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th.

Twin Disc Company Profile

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.