Twin Disc, Incorporated (NASDAQ:TWIN) Shares Bought by Grace & White Inc. NY

Grace & White Inc. NY boosted its position in shares of Twin Disc, Incorporated (NASDAQ:TWIN - Free Report) by 25.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 269,247 shares of the industrial products company's stock after purchasing an additional 55,111 shares during the quarter. Grace & White Inc. NY owned about 1.90% of Twin Disc worth $2,038,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Central Pacific Bank Trust Division increased its holdings in shares of Twin Disc by 566.7% in the 1st quarter. Central Pacific Bank Trust Division now owns 10,000 shares of the industrial products company's stock valued at $76,000 after acquiring an additional 8,500 shares during the period. Deutsche Bank AG purchased a new position in shares of Twin Disc in the 4th quarter valued at $101,000. Bank of America Corp DE increased its holdings in shares of Twin Disc by 75.7% in the 4th quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company's stock valued at $173,000 after acquiring an additional 6,344 shares during the period. Wells Fargo & Company MN increased its holdings 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 acquiring an additional 1,427 shares during the period. Finally, Barclays PLC increased its holdings in shares of Twin Disc by 13.0% in the 4th quarter. Barclays PLC now owns 16,792 shares of the industrial products company's stock valued at $197,000 after acquiring an additional 1,929 shares during the period. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Twin Disc Stock Down 0.7%

Shares of Twin Disc stock traded down $0.06 during trading on Thursday, reaching $8.79. The company's stock had a trading volume of 103,991 shares, compared to its average volume of 45,418. The company has a quick ratio of 0.86, a current ratio of 2.11 and a debt-to-equity ratio of 0.25. The company has a market cap of $124.38 million, a price-to-earnings ratio of 30.31 and a beta of 0.77. Twin Disc, Incorporated has a 1-year low of $6.16 and a 1-year high of $14.98. The company has a 50-day simple moving average of $7.40 and a two-hundred day simple moving average of $8.90.

Twin Disc (NASDAQ:TWIN - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $812.42 million during the quarter, compared to analyst estimates of $93.30 million. Twin Disc had a return on equity of 0.75% and a net margin of 1.25%.

Twin Disc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were given a dividend of $0.04 per share. 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 1.82%. Twin Disc's dividend payout ratio is currently 55.17%.

Wall Street Analysts Forecast Growth

TWIN has been the subject of a number of recent analyst reports. Wall Street Zen cut Twin Disc from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th. Longbow Research initiated coverage on Twin Disc in a research report on Thursday, April 17th. They issued a "buy" rating and a $12.00 price objective for the company.

Twin Disc 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.