Royce & Associates LP Sells 68,978 Shares of Twin Disc, Incorporated (NASDAQ:TWIN)

Royce & Associates LP lowered its holdings in Twin Disc, Incorporated (NASDAQ:TWIN) by 17.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 329,234 shares of the industrial products company’s stock after selling 68,978 shares during the quarter. Royce & Associates LP owned 2.33% of Twin Disc worth $3,868,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MetLife Investment Management LLC grew its stake in Twin Disc by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock worth $83,000 after buying an additional 3,767 shares during the last quarter. Barclays PLC grew its stake in Twin Disc by 280.7% during the third quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock worth $186,000 after buying an additional 10,959 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Twin Disc by 753.6% during the third quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company’s stock worth $194,000 after buying an additional 13,686 shares during the last quarter. Empowered Funds LLC grew its stake in Twin Disc by 26.0% during the fourth quarter. Empowered Funds LLC now owns 17,427 shares of the industrial products company’s stock worth $205,000 after buying an additional 3,596 shares during the last quarter. Finally, Skylands Capital LLC grew its stake in Twin Disc by 110.0% during the fourth quarter. Skylands Capital LLC now owns 27,300 shares of the industrial products company’s stock worth $321,000 after buying an additional 14,300 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Twin Disc from a “buy” rating to a “strong-buy” rating in a research note on Tuesday.

Twin Disc Price Performance

Shares of TWIN stock opened at $8.21 on Thursday. Twin Disc, Incorporated has a 1 year low of $7.35 and a 1 year high of $18.00. The firm’s 50 day moving average is $9.85 and its 200-day moving average is $11.26. The firm has a market capitalization of $116.14 million, a price-to-earnings ratio of 12.25 and a beta of 0.58. The company has a current ratio of 2.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15.

Twin Disc (NASDAQ:TWIN) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. Twin Disc had a net margin of 2.92% and a return on equity of 4.24%.

Twin Disc Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.95%. Twin Disc’s payout ratio is 23.88%.

About Twin Disc

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.