Barclays PLC Buys 10,959 Shares of Twin Disc, Incorporated (NASDAQ:TWIN)

Barclays PLC increased its stake in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 280.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,863 shares of the industrial products company’s stock after acquiring an additional 10,959 shares during the quarter. Barclays PLC owned about 0.11% of Twin Disc worth $186,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TWIN. Segall Bryant & Hamill LLC purchased a new position in Twin Disc during the third quarter worth $1,384,000. Acadian Asset Management LLC lifted its holdings in shares of Twin Disc by 62.0% in the 2nd quarter. Acadian Asset Management LLC now owns 101,656 shares of the industrial products company’s stock worth $1,195,000 after acquiring an additional 38,915 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Twin Disc by 33.2% in the 2nd quarter. Renaissance Technologies LLC now owns 131,193 shares of the industrial products company’s stock worth $1,545,000 after acquiring an additional 32,673 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Twin Disc by 44.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 102,281 shares of the industrial products company’s stock worth $1,205,000 after purchasing an additional 31,378 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Twin Disc by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 555,283 shares of the industrial products company’s stock valued at $6,541,000 after purchasing an additional 16,452 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Twin Disc Price Performance

TWIN opened at $11.12 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 2.23 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $11.92 and a 200 day moving average of $12.32. Twin Disc, Incorporated has a 52-week low of $10.83 and a 52-week high of $18.00. The stock has a market cap of $156.84 million, a P/E ratio of 16.60 and a beta of 0.63.

Twin Disc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given a $0.04 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.16 annualized dividend and a yield of 1.44%. Twin Disc’s dividend payout ratio (DPR) is 23.88%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 30th.

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.