Twin Disc, Incorporated (NASDAQ:TWIN) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its position in Twin Disc, Incorporated (NASDAQ:TWIN) by 69.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,725 shares of the industrial products company’s stock after selling 10,777 shares during the quarter. BNP Paribas Financial Markets’ holdings in Twin Disc were worth $56,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of TWIN. Empowered Funds LLC increased its position in Twin Disc by 26.0% during the 4th quarter. Empowered Funds LLC now owns 17,427 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 3,596 shares in the last quarter. Skylands Capital LLC boosted its holdings in 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 acquiring an additional 14,300 shares during the period. JPMorgan Chase & Co. boosted its holdings in 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 acquiring an additional 33,483 shares during the period. Pacific Ridge Capital Partners LLC boosted its holdings in Twin Disc by 16.1% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 565,277 shares of the industrial products company’s stock worth $6,642,000 after acquiring an additional 78,378 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Twin Disc by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 255,490 shares of the industrial products company’s stock valued at $3,002,000 after buying an additional 4,566 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Twin Disc Stock Performance

Shares of TWIN opened at $7.49 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 0.86. The stock has a market capitalization of $105.97 million, a PE ratio of 11.18 and a beta of 0.76. Twin Disc, Incorporated has a 12-month low of $6.16 and a 12-month high of $14.98. The business’s fifty day moving average price is $7.13 and its 200 day moving average price is $9.38.

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

Twin Disc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 2.14%. The ex-dividend date was Monday, May 19th. Twin Disc’s dividend payout ratio (DPR) is presently 55.17%.

Wall Street Analysts Forecast Growth

TWIN has been the topic of several research analyst reports. Wall Street Zen cut Twin Disc from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 16th. Longbow Research initiated coverage on Twin Disc in a research note on Thursday, April 17th. They set a “buy” rating and a $12.00 price objective on the stock.

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.