Royce & Associates LP Has $1.71 Million Stock Holdings in Twin Disc, Incorporated (NASDAQ:TWIN)

Key Points

• Royce & Associates LP has reduced its stake in Twin Disc, Inc. by 31.5%, now holding approximately 225,384 shares valued at about $1.7 million.
• Despite Royce's reduction, other institutional investors like Wells Fargo and Barclays have increased their stakes in Twin Disc, indicating mixed sentiment among investors.
• Twin Disc reported a loss of ($0.11) earnings per share, falling short of analyst expectations of $0.21, with revenue of $812.42 million for the quarter.

Royce & Associates LP lowered its position in Twin Disc, Incorporated (NASDAQ:TWIN - Free Report) by 31.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 225,384 shares of the industrial products company's stock after selling 103,850 shares during the period. Royce & Associates LP owned 1.59% of Twin Disc worth $1,706,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in Twin Disc by 689.1% during the fourth quarter. JPMorgan Chase & Co. now owns 38,342 shares of the industrial products company's stock valued at $451,000 after purchasing an additional 33,483 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Twin Disc by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 255,490 shares of the industrial products company's stock worth $3,002,000 after acquiring an additional 4,566 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Twin Disc by 9.4% in the fourth quarter. Wells Fargo & Company MN now owns 16,552 shares of the industrial products company's stock worth $194,000 after acquiring an additional 1,427 shares during the last quarter. Barclays PLC grew its stake in shares of Twin Disc by 13.0% in the fourth quarter. Barclays PLC now owns 16,792 shares of the industrial products company's stock worth $197,000 after acquiring an additional 1,929 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew 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 acquiring an additional 20,470 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Twin Disc Price Performance

Shares of NASDAQ TWIN traded up $0.24 during midday trading on Friday, reaching $8.89. 18,931 shares of the company traded hands, compared to its average volume of 56,828. The firm has a market cap of $125.72 million, a PE ratio of 30.64 and a beta of 0.82. The stock's 50-day simple moving average is $8.39 and its 200-day simple moving average is $8.48. Twin Disc, Incorporated has a 12 month low of $6.16 and a 12 month high of $13.40. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.86 and a current ratio of 2.11.

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

Twin Disc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, May 19th. Twin Disc's payout ratio is currently 55.17%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TWIN. Longbow Research began coverage on shares of Twin Disc in a research note on Thursday, April 17th. They issued a "buy" rating and a $12.00 price objective 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.

About Twin Disc

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.