Gamco Investors INC. ET AL Reduces Position in Twin Disc, Incorporated (NASDAQ:TWIN)

Gamco Investors INC. ET AL lessened its holdings in Twin Disc, Incorporated (NASDAQ:TWIN) by 0.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,630,152 shares of the industrial products company’s stock after selling 6,600 shares during the quarter. Gamco Investors INC. ET AL owned approximately 11.52% of Twin Disc worth $19,154,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC increased its holdings in Twin Disc by 280.7% during the 3rd quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock worth $186,000 after purchasing an additional 10,959 shares during the period. BNP Paribas Financial Markets increased its stake in shares of 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 valued at $194,000 after buying an additional 13,686 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Twin Disc by 9.4% in the fourth quarter. Wells Fargo & Company MN now owns 16,552 shares of the industrial products company’s stock valued at $194,000 after acquiring an additional 1,427 shares in the last quarter. Empowered Funds LLC lifted its stake in Twin Disc by 26.0% in the fourth quarter. Empowered Funds LLC now owns 17,427 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 3,596 shares during the period. Finally, Skylands Capital LLC grew its holdings in Twin Disc by 110.0% during the 4th quarter. Skylands Capital LLC now owns 27,300 shares of the industrial products company’s stock worth $321,000 after acquiring an additional 14,300 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Twin Disc Stock Down 0.9 %

Twin Disc stock opened at $6.83 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 2.11 and a debt-to-equity ratio of 0.15. The firm has a market cap of $96.62 million, a P/E ratio of 10.19 and a beta of 0.56. The business has a fifty day moving average of $8.28 and a two-hundred day moving average of $10.55. Twin Disc, Incorporated has a twelve month low of $6.36 and a twelve month high of $17.50.

Twin Disc (NASDAQ:TWIN) last posted 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 return on equity of 4.24% and a net margin of 2.92%.

Twin Disc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Friday, February 14th. Twin Disc’s dividend payout ratio is presently 23.88%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 26th.

Twin Disc 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.