Barclays PLC Buys 1,929 Shares of Twin Disc, Incorporated (NASDAQ:TWIN)

Barclays PLC increased its stake in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 13.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 16,792 shares of the industrial products company’s stock after purchasing an additional 1,929 shares during the quarter. Barclays PLC’s holdings in Twin Disc were worth $197,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wells Fargo & Company MN grew its position in Twin Disc by 9.4% during the 4th quarter. Wells Fargo & Company MN now owns 16,552 shares of the industrial products company’s stock worth $194,000 after acquiring an additional 1,427 shares during the last quarter. Empowered Funds LLC grew its position in shares of Twin Disc by 26.0% in the 4th 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. Geode Capital Management LLC grew its position in shares of Twin Disc by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 255,490 shares of the industrial products company’s stock worth $3,002,000 after buying an additional 4,566 shares during the last quarter. Skylands Capital LLC grew its position in shares of Twin Disc by 110.0% in the 4th 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. Finally, JPMorgan Chase & Co. grew its position in shares of Twin Disc by 689.1% in the 4th quarter. JPMorgan Chase & Co. now owns 38,342 shares of the industrial products company’s stock worth $451,000 after buying an additional 33,483 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors.

Twin Disc Price Performance

Shares of TWIN stock opened at $7.24 on Tuesday. The firm has a market cap of $102.43 million, a P/E ratio of 10.81 and a beta of 0.76. Twin Disc, Incorporated has a fifty-two week low of $6.16 and a fifty-two week high of $15.86. The business’s 50 day moving average price is $7.34 and its 200-day moving average price is $9.87. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 2.11.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.32). Twin Disc had a net margin of 2.92% and a return on equity of 4.24%. The firm had revenue of $812.42 million for the quarter, compared to the consensus estimate of $93.30 million.

Twin Disc Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a dividend of $0.04 per share. The ex-dividend date is Monday, May 19th. This represents a $0.16 annualized dividend and a dividend yield of 2.21%. Twin Disc’s dividend payout ratio is presently 55.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Longbow Research assumed coverage on Twin Disc in a research report on Thursday, April 17th. They issued a “buy” rating and a $12.00 price objective on the stock. StockNews.com upgraded Twin Disc from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 8th.

Twin Disc Company 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.