Gamco Investors INC. ET AL Sells 26,655 Shares of Twin Disc, Incorporated (NASDAQ:TWIN)

Gamco Investors INC. ET AL lessened its stake in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,499,035 shares of the industrial products company’s stock after selling 26,655 shares during the period. Gamco Investors INC. ET AL owned approximately 0.11% of Twin Disc worth $15,875,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TWIN. Rhumbline Advisers boosted its stake in shares of Twin Disc by 9.0% during the 3rd quarter. Rhumbline Advisers now owns 16,518 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 1,368 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Twin Disc by 8.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 23,813 shares of the industrial products company’s stock worth $360,000 after acquiring an additional 1,948 shares in the last quarter. LPL Financial LLC bought a new stake in shares of Twin Disc during the 2nd quarter worth about $456,000. US Bancorp DE boosted its stake in shares of Twin Disc by 31.6% during the 2nd quarter. US Bancorp DE now owns 32,827 shares of the industrial products company’s stock worth $495,000 after acquiring an additional 7,889 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Twin Disc by 30.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 35,510 shares of the industrial products company’s stock worth $536,000 after acquiring an additional 8,220 shares in the last quarter. Institutional investors own 56.78% of the company’s stock.

TWIN has been the subject of several recent analyst reports. Robert W. Baird set a $14.00 price target on Twin Disc and gave the stock a “hold” rating in a research note on Monday, August 12th. ValuEngine upgraded Twin Disc from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. TheStreet downgraded Twin Disc from a “c” rating to a “d+” rating in a research note on Friday, November 1st. Finally, Zacks Investment Research upgraded Twin Disc from a “sell” rating to a “hold” rating in a research note on Saturday, October 12th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.33.

Shares of NASDAQ:TWIN opened at $11.62 on Thursday. The business has a 50 day moving average price of $10.91 and a 200 day moving average price of $12.89. Twin Disc, Incorporated has a twelve month low of $9.59 and a twelve month high of $19.88. The company has a market cap of $143.19 million, a price-to-earnings ratio of 14.00 and a beta of 1.99. The company has a quick ratio of 1.05, a current ratio of 2.75 and a debt-to-equity ratio of 0.36.

Twin Disc (NASDAQ:TWIN) last announced its earnings results on Friday, November 1st. The industrial products company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.26). Twin Disc had a net margin of 1.09% and a return on equity of 1.74%. The business had revenue of $59.29 million for the quarter, compared to the consensus estimate of $70.65 million. Analysts anticipate that Twin Disc, Incorporated will post -0.34 EPS for the current year.

Twin Disc Company Profile

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. The company operates through two segments, Manufacturing and Distribution. Its products include marine transmissions, surface drives, propellers, and boat management systems; and power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.

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Institutional Ownership by Quarter for Twin Disc (NASDAQ:TWIN)

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