18,540 Shares in Twin Disc, Incorporated (NASDAQ:TWIN) Bought by Citigroup Inc.

Citigroup Inc. bought a new position in shares of Twin Disc, Incorporated (NASDAQ:TWIN) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 18,540 shares of the industrial products company’s stock, valued at approximately $254,000. Citigroup Inc. owned 0.13% of Twin Disc at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC bought a new position in Twin Disc during the third quarter worth $35,000. Acadian Asset Management LLC increased its position in Twin Disc by 31.5% during the third quarter. Acadian Asset Management LLC now owns 54,123 shares of the industrial products company’s stock worth $740,000 after acquiring an additional 12,971 shares during the period. O Shaughnessy Asset Management LLC bought a new position in Twin Disc during the third quarter worth $171,000. Janney Montgomery Scott LLC bought a new position in Twin Disc during the third quarter worth $455,000. Finally, Renaissance Technologies LLC increased its position in Twin Disc by 9.1% during the first quarter. Renaissance Technologies LLC now owns 54,845 shares of the industrial products company’s stock worth $523,000 after acquiring an additional 4,552 shares during the period. Institutional investors own 65.25% of the company’s stock.

Twin Disc Stock Up 1.2 %

TWIN opened at $16.74 on Thursday. Twin Disc, Incorporated has a fifty-two week low of $8.60 and a fifty-two week high of $17.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.22 and a quick ratio of 0.87. The firm’s fifty day moving average price is $15.68 and its two-hundred day moving average price is $14.75. The company has a market capitalization of $234.36 million, a P/E ratio of 20.93 and a beta of 0.80.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.07 earnings per share for the quarter. Twin Disc had a net margin of 3.75% and a return on equity of 7.74%. The firm had revenue of $72.99 million for the quarter.

Twin Disc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a dividend of $0.04 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.16 dividend on an annualized basis and a yield of 0.96%. Twin Disc’s dividend payout ratio is currently 20.00%.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded shares of Twin Disc from a “c+” rating to a “b-” rating in a research note on Monday, March 11th.

Twin Disc Company Profile

Twin Disc, Incorporated designs, manufactures, and sells 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.