Grace & White Inc. NY Has $3.58 Million Stock Holdings in Twin Disc, Incorporated (NASDAQ:TWIN)

Grace & White Inc. NY decreased its position in shares of Twin Disc, Incorporated (NASDAQ:TWINGet Rating) by 5.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 214,930 shares of the industrial products company’s stock after selling 12,800 shares during the quarter. Grace & White Inc. NY’s holdings in Twin Disc were worth $3,576,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TWIN. SG Capital Management LLC acquired a new position in shares of Twin Disc in the 1st quarter valued at $309,000. Skylands Capital LLC raised its stake in Twin Disc by 21.0% during the 4th quarter. Skylands Capital LLC now owns 131,221 shares of the industrial products company’s stock worth $1,438,000 after buying an additional 22,796 shares during the period. Gabelli Funds LLC raised its stake in Twin Disc by 1.1% during the 4th quarter. Gabelli Funds LLC now owns 300,262 shares of the industrial products company’s stock worth $3,291,000 after buying an additional 3,250 shares during the period. Heartland Advisors Inc. raised its stake in Twin Disc by 5.5% during the 4th quarter. Heartland Advisors Inc. now owns 410,738 shares of the industrial products company’s stock worth $4,502,000 after buying an additional 21,299 shares during the period. Finally, Royce & Associates LP raised its stake in Twin Disc by 21.9% during the 4th quarter. Royce & Associates LP now owns 512,317 shares of the industrial products company’s stock worth $5,615,000 after buying an additional 92,009 shares during the period. 61.35% of the stock is currently owned by hedge funds and other institutional investors.

Separately, StockNews.com initiated coverage on Twin Disc in a research note on Wednesday, June 29th. They set a “buy” rating on the stock.

TWIN stock opened at $8.93 on Tuesday. The stock has a 50-day moving average price of $11.02 and a two-hundred day moving average price of $12.51. The company has a current ratio of 2.37, a quick ratio of 0.83 and a debt-to-equity ratio of 0.34. Twin Disc, Incorporated has a 1 year low of $8.35 and a 1 year high of $18.20.

Twin Disc (NASDAQ:TWINGet Rating) last released its earnings results on Friday, April 29th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.19. The firm had revenue of $59.29 million during the quarter, compared to analysts’ expectations of $69.20 million. Twin Disc had a positive return on equity of 1.03% and a negative net margin of 5.31%. During the same quarter in the prior year, the company earned $0.01 EPS. As a group, equities research analysts forecast that Twin Disc, Incorporated will post 0.22 earnings per share for the current fiscal year.

Twin Disc Profile (Get Rating)

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. It operates through two segments, Manufacturing and Distribution. The company's 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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Institutional Ownership by Quarter for Twin Disc (NASDAQ:TWIN)

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