Twin Disc, Incorporated (NASDAQ:TWIN) Shares Sold by AMH Equity Ltd

AMH Equity Ltd trimmed its holdings in Twin Disc, Incorporated (NASDAQ:TWIN - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 749,983 shares of the industrial products company's stock after selling 55,520 shares during the quarter. Twin Disc accounts for about 10.9% of AMH Equity Ltd's holdings, making the stock its biggest holding. AMH Equity Ltd owned approximately 5.37% of Twin Disc worth $12,120,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ritholtz Wealth Management purchased a new position in shares of Twin Disc in the fourth quarter worth $164,000. Barclays PLC purchased a new position in Twin Disc during the 3rd quarter valued at $35,000. O Shaughnessy Asset Management LLC purchased a new position in Twin Disc during the 3rd quarter valued at $171,000. Citigroup Inc. purchased a new position in Twin Disc during the 3rd quarter valued at $254,000. Finally, Acadian Asset Management LLC increased its position in Twin Disc by 31.5% during the 3rd quarter. Acadian Asset Management LLC now owns 54,123 shares of the industrial products company's stock valued at $740,000 after purchasing an additional 12,971 shares during the period. 65.25% of the stock is currently owned by institutional investors.

Twin Disc Stock Down 1.1 %

Shares of Twin Disc stock traded down $0.18 during trading on Friday, hitting $16.56. The company's stock had a trading volume of 12,485 shares, compared to its average volume of 30,856. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 2.22. The company has a fifty day simple moving average of $16.27 and a two-hundred day simple moving average of $15.27. The company has a market capitalization of $231.84 million, a PE ratio of 20.70 and a beta of 0.80. Twin Disc, Incorporated has a 52 week low of $9.14 and a 52 week high of $18.00.

Twin Disc (NASDAQ:TWIN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $72.99 million during the quarter. Twin Disc had a net margin of 3.75% and a return on equity of 7.74%.

Twin Disc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a $0.04 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.16 annualized dividend and a dividend yield of 0.97%. Twin Disc's payout ratio is 20.00%.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised shares of Twin Disc from a "c+" rating to a "b-" rating in a research report on Monday, March 11th.

About Twin Disc

Twin Disc, Incorporated designs, manufactures, and sells 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.