Teton Advisors LLC Acquires Shares of 97,500 Twin Disc, Incorporated $TWIN

Key Points

• Teton Advisors LLC opened a new position of 97,500 shares in Twin Disc during Q3, valued at about $1.36 million and representing roughly 0.68% ownership; institutional investors now hold about 65.25% of the company.
• Twin Disc missed the latest quarter's expectations, reporting EPS of $0.04 versus a $0.21 consensus and revenue of $90.18 million versus $92.8 million.
• Analysts have recently upgraded the stock (e.g., Wall Street Zen to "strong-buy" and Weiss to "buy"), leaving a MarketBeat consensus of "Moderate Buy" and a $12 price target while shares trade near $17.19 and the company yields about 0.9%.

Teton Advisors LLC acquired a new position in shares of Twin Disc, Incorporated (NASDAQ:TWIN - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 97,500 shares of the industrial products company's stock, valued at approximately $1,359,000. Teton Advisors LLC owned approximately 0.68% of Twin Disc at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Strs Ohio acquired a new stake in shares of Twin Disc in the first quarter valued at about $74,000. JPMorgan Chase & Co. lifted its position in Twin Disc by 28.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company's stock worth $75,000 after acquiring an additional 1,193 shares in the last quarter. Huntington National Bank boosted its holdings in Twin Disc by 500,000.0% in the 2nd quarter. Huntington National Bank now owns 10,002 shares of the industrial products company's stock worth $88,000 after acquiring an additional 10,000 shares during the period. Bank of America Corp DE boosted its holdings in Twin Disc by 40.9% in the 2nd quarter. Bank of America Corp DE now owns 15,811 shares of the industrial products company's stock worth $140,000 after acquiring an additional 4,590 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in Twin Disc in the second quarter valued at approximately $141,000. Hedge funds and other institutional investors own 65.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TWIN. Wall Street Zen raised shares of Twin Disc from a "hold" rating to a "strong-buy" rating in a research report on Saturday, February 7th. Weiss Ratings raised shares of Twin Disc from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, February 20th. Finally, Zacks Research raised shares of Twin Disc to a "hold" rating in a research note on Tuesday, December 9th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $12.00.

Twin Disc Price Performance

Shares of NASDAQ TWIN opened at $17.19 on Friday. The company has a quick ratio of 0.75, a current ratio of 2.12 and a debt-to-equity ratio of 0.22. Twin Disc, Incorporated has a fifty-two week low of $6.16 and a fifty-two week high of $19.63. The business has a 50 day moving average price of $17.51 and a two-hundred day moving average price of $15.61. The firm has a market cap of $247.88 million, a PE ratio of 11.46 and a beta of 0.67.

Twin Disc (NASDAQ:TWIN - Get Free Report) last announced its earnings results on Wednesday, February 4th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.17). The business had revenue of $90.18 million during the quarter, compared to analyst estimates of $92.80 million. Twin Disc had a net margin of 6.26% and a return on equity of 0.02%.

Twin Disc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Wednesday, February 18th were issued a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $0.16 annualized dividend and a yield of 0.9%. Twin Disc's dividend payout ratio is currently 10.67%.

Twin Disc Company Profile

Twin Disc, Inc NASDAQ: TWIN is a global designer and manufacturer of power transmission equipment for marine and industrial applications. Headquartered in Racine, Wisconsin, the company develops a range of mechanical and digital solutions that control power delivery in demanding environments. Its portfolio includes marine gears, power take-offs, clutches, brakes, transmissions and controllable pitch propeller systems engineered to withstand heavy loads and corrosive conditions.

In addition to original equipment manufacturing, Twin Disc offers aftermarket parts and services, including maintenance, repair and overhaul support through a network of service centers worldwide.

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