Ritholtz Wealth Management Purchases 47,045 Shares of Twin Disc, Incorporated $TWIN

Ritholtz Wealth Management increased its position in Twin Disc, Incorporated (NASDAQ:TWIN) by 350.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 60,464 shares of the industrial products company’s stock after purchasing an additional 47,045 shares during the quarter. Ritholtz Wealth Management owned approximately 0.42% of Twin Disc worth $1,009,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Twin Disc by 28.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 1,193 shares during the period. Strs Ohio bought a new stake in shares of Twin Disc in the 1st quarter valued at about $74,000. Bank of America Corp DE raised its holdings in shares of Twin Disc by 40.9% in the 2nd quarter. Bank of America Corp DE now owns 15,811 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 4,590 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of Twin Disc in the 2nd quarter valued at about $141,000. Finally, Marshall Wace LLP bought a new stake in shares of Twin Disc in the 2nd quarter valued at about $186,000. 65.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TWIN has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Twin Disc from a “hold” rating to a “strong-buy” rating in a report on Saturday, February 7th. Weiss Ratings cut shares of Twin Disc from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.00.

Twin Disc Stock Up 0.1%

Twin Disc stock opened at $18.02 on Wednesday. The stock has a market cap of $259.85 million, a P/E ratio of 12.01 and a beta of 0.72. The company has a quick ratio of 0.75, a current ratio of 2.12 and a debt-to-equity ratio of 0.22. Twin Disc, Incorporated has a twelve month low of $6.16 and a twelve month high of $19.63. The company’s 50-day moving average price is $16.60 and its two-hundred day moving average price is $16.22.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.17). The company had revenue of $90.18 million during the quarter, compared to the consensus estimate of $92.80 million. Twin Disc had a net margin of 6.26% and a return on equity of 0.02%.

Twin Disc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, February 18th. Twin Disc’s dividend payout ratio is currently 10.67%.

About Twin Disc

Twin Disc, Inc (NASDAQ: TWIN) is a global designer and manufacturer of power transmission equipment for marine and industrial applications. Headquartered in Racine, Wisconsin, the company develops a range of mechanical and digital solutions that control power delivery in demanding environments. Its portfolio includes marine gears, power take-offs, clutches, brakes, transmissions and controllable pitch propeller systems engineered to withstand heavy loads and corrosive conditions.

In addition to original equipment manufacturing, Twin Disc offers aftermarket parts and services, including maintenance, repair and overhaul support through a network of service centers worldwide.