US Bancorp DE Takes $307,000 Position in Twin Disc, Incorporated (NASDAQ:TWIN)

Key Points

• US Bancorp DE has acquired a new stake in Twin Disc, Incorporated, purchasing 40,505 shares valued at approximately $307,000.
• A significant percentage, 65.25%, of Twin Disc's stock is owned by hedge funds and other institutional investors, indicating strong institutional interest.
• Twin Disc announced a quarterly dividend of $0.04 per share, representing an annualized yield of 1.8%, with the payment date set for September 1st.

US Bancorp DE acquired a new stake in shares of Twin Disc, Incorporated (NASDAQ:TWIN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 40,505 shares of the industrial products company's stock, valued at approximately $307,000. US Bancorp DE owned about 0.29% of Twin Disc at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TWIN. IFP Advisors Inc purchased a new stake in Twin Disc in the first quarter valued at $805,000. Bank of New York Mellon Corp boosted its holdings in Twin Disc by 4.9% in the first quarter. Bank of New York Mellon Corp now owns 94,904 shares of the industrial products company's stock valued at $718,000 after purchasing an additional 4,439 shares during the last quarter. Skylands Capital LLC boosted its holdings in Twin Disc by 8.8% in the first quarter. Skylands Capital LLC now owns 29,704 shares of the industrial products company's stock valued at $225,000 after purchasing an additional 2,404 shares during the last quarter. Grace & White Inc. NY boosted its holdings in 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 valued at $2,038,000 after purchasing an additional 55,111 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its holdings in Twin Disc by 566.7% in the first quarter. Central Pacific Bank Trust Division now owns 10,000 shares of the industrial products company's stock valued at $76,000 after purchasing an additional 8,500 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Twin Disc Trading Up 0.4%

Shares of Twin Disc stock opened at $8.97 on Thursday. The firm has a 50-day simple moving average of $8.72 and a two-hundred day simple moving average of $8.32. The company has a market cap of $126.93 million, a P/E ratio of 30.93 and a beta of 0.81. Twin Disc, Incorporated has a fifty-two week low of $6.16 and a fifty-two week 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Monday, August 18th will be given a $0.04 dividend. The ex-dividend date is Monday, August 18th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.8%. Twin Disc's dividend payout ratio is 55.17%.

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.

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