Heartland Advisors Inc. Decreases Stock Holdings in Twin Disc, Incorporated (NASDAQ:TWIN)

Key Points

• Heartland Advisors Inc. reduced its stake in Twin Disc, selling 30,000 shares, resulting in a 16.7% decrease in ownership to 150,000 shares worth approximately $1.136 million.
• Despite a recent quarterly loss of ($0.11) earnings per share, Twin Disc reported revenue of $812.42 million, surpassing analyst expectations.
• The company announced a quarterly dividend of $0.04 per share with a yield of 1.80%, reflecting a payout ratio of 55.17%.

Heartland Advisors Inc. reduced its stake in Twin Disc, Incorporated (NASDAQ:TWIN - Free Report) by 16.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,000 shares of the industrial products company's stock after selling 30,000 shares during the quarter. Heartland Advisors Inc. owned about 1.06% of Twin Disc worth $1,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. IFP Advisors Inc purchased a new position in shares of Twin Disc in the first quarter worth $805,000. Grace & White Inc. NY increased its stake in shares of Twin Disc by 25.7% in the first quarter. Grace & White Inc. NY now owns 269,247 shares of the industrial products company's stock worth $2,038,000 after buying an additional 55,111 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Twin Disc by 689.1% in the fourth quarter. JPMorgan Chase & Co. now owns 38,342 shares of the industrial products company's stock worth $451,000 after buying an additional 33,483 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Twin Disc by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 597,475 shares of the industrial products company's stock worth $7,020,000 after buying an additional 20,470 shares during the period. Finally, Deutsche Bank AG bought a new stake in Twin Disc in the fourth quarter valued at $101,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

Twin Disc Stock Down 0.5%

Shares of TWIN stock traded down $0.05 during mid-day trading on Wednesday, reaching $8.86. 5,173 shares of the company's stock traded hands, compared to its average volume of 57,312. Twin Disc, Incorporated has a 12 month low of $6.16 and a 12 month high of $14.70. The company has a market cap of $125.30 million, a P/E ratio of 30.33 and a beta of 0.82. 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's 50-day moving average price is $8.37 and its 200-day moving average price is $8.48.

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 (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.32). The company had revenue of $812.42 million during the quarter, compared to analysts' expectations of $93.30 million. Twin Disc had a return on equity of 0.75% and a net margin of 1.25%.

Twin Disc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Monday, May 19th. Twin Disc's dividend payout ratio (DPR) is 55.17%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of Twin Disc from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. 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 target price on the stock.

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.