IFP Advisors Inc Purchases New Position in Twin Disc, Incorporated (NASDAQ:TWIN)

IFP Advisors Inc bought a new position in Twin Disc, Incorporated (NASDAQ:TWIN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 106,320 shares of the industrial products company's stock, valued at approximately $805,000. IFP Advisors Inc owned about 0.75% of Twin Disc at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Grace & White Inc. NY increased its stake in shares of 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 buying an additional 55,111 shares during the period. Deutsche Bank AG purchased a new stake in Twin Disc in the fourth quarter worth $101,000. Bank of America Corp DE grew its stake in Twin Disc by 75.7% in the fourth quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company's stock worth $173,000 after purchasing an additional 6,344 shares during the period. Pacific Ridge Capital Partners LLC grew its stake in Twin Disc by 16.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 565,277 shares of the industrial products company's stock worth $6,642,000 after purchasing an additional 78,378 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in 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 purchasing an additional 33,483 shares during the period. Institutional investors own 65.25% of the company's stock.

Twin Disc Stock Performance

TWIN traded down $0.12 during midday trading on Friday, reaching $8.88. The company had a trading volume of 20,423 shares, compared to its average volume of 121,043. 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 business has a 50-day moving average of $8.30 and a two-hundred day moving average of $8.51. The company has a market cap of $125.65 million, a P/E ratio of 30.62 and a beta of 0.82. Twin Disc, Incorporated has a 1 year low of $6.16 and a 1 year high of $14.98.

Twin Disc (NASDAQ:TWIN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates 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. Investors of record on Monday, May 19th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Monday, May 19th. Twin Disc's dividend payout ratio is currently 55.17%.

Analysts Set New Price Targets

Several equities research analysts have commented on TWIN shares. Longbow Research started coverage on Twin Disc in a report on Thursday, April 17th. They issued a "buy" rating and a $12.00 target price on the stock. Wall Street Zen cut Twin Disc from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th.

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.