Gamco Investors INC. ET AL Increases Position in Twin Disc, Incorporated $TWIN

Key Points

• Gamco Investors INC. ET AL has increased its holdings in Twin Disc, Incorporated by 2.7%, bringing its total ownership to approximately 1,673,799 shares, valued at $12.67 million.
• Twin Disc recently reported $0.10 EPS for the quarter, missing analyst estimates of $0.26, and had a revenue of $96.68 million, surpassing expectations of $93 million.
• The company announced a quarterly dividend of $0.04 per share with a dividend yield of 1.3%, although its dividend payout ratio currently stands at -114.29%.

Gamco Investors INC. ET AL lifted its position in shares of Twin Disc, Incorporated (NASDAQ:TWIN - Free Report) by 2.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,673,799 shares of the industrial products company's stock after purchasing an additional 43,647 shares during the period. Gamco Investors INC. ET AL owned 11.83% of Twin Disc worth $12,671,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Central Pacific Bank Trust Division grew its position 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 worth $76,000 after buying an additional 8,500 shares in the last quarter. Deutsche Bank AG acquired a new stake in Twin Disc during the fourth quarter worth approximately $101,000. Nuveen LLC acquired a new stake in Twin Disc during the first quarter worth approximately $114,000. Bank of America Corp DE grew its position in Twin Disc by 75.7% during the fourth quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company's stock worth $173,000 after buying an additional 6,344 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Twin Disc by 9.4% during the fourth quarter. Wells Fargo & Company MN now owns 16,552 shares of the industrial products company's stock worth $194,000 after buying an additional 1,427 shares in the last quarter. Institutional investors own 65.25% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Twin Disc from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $12.00.

Twin Disc Stock Up 0.4%

Twin Disc stock traded up $0.05 during midday trading on Monday, reaching $12.64. The stock had a trading volume of 20,822 shares, compared to its average volume of 58,173. The company has a current ratio of 2.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average price of $9.44 and a two-hundred day moving average price of $8.26. The company has a market capitalization of $178.86 million, a P/E ratio of -90.28 and a beta of 0.85. Twin Disc, Incorporated has a 12 month low of $6.16 and a 12 month high of $13.40.

Twin Disc (NASDAQ:TWIN - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The industrial products company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.16). The company had revenue of $96.68 million for the quarter, compared to the consensus estimate of $93.00 million. Twin Disc had a negative return on equity of 1.25% and a negative net margin of 0.56%.

Twin Disc Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Monday, August 18th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, August 18th. Twin Disc's payout ratio is presently -114.29%.

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.