Deutsche Bank AG Purchases New Position in Twin Disc, Incorporated (NASDAQ:TWIN)

Deutsche Bank AG acquired a new position in Twin Disc, Incorporated (NASDAQ:TWIN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,603 shares of the industrial products company’s stock, valued at approximately $101,000. Deutsche Bank AG owned 0.06% of Twin Disc as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC lifted its position in Twin Disc by 26.0% during the fourth quarter. Empowered Funds LLC now owns 17,427 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 3,596 shares during the period. Pacific Ridge Capital Partners LLC lifted its position in Twin Disc by 16.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 565,277 shares of the industrial products company’s stock valued at $6,642,000 after purchasing an additional 78,378 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Twin Disc by 689.1% during the fourth quarter. JPMorgan Chase & Co. now owns 38,342 shares of the industrial products company’s stock valued at $451,000 after purchasing an additional 33,483 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Twin Disc by 9.4% in 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. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Twin Disc by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 597,475 shares of the industrial products company’s stock worth $7,020,000 after acquiring an additional 20,470 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Twin Disc from a “strong-buy” rating to a “hold” rating in a report on Friday, May 16th. Longbow Research initiated coverage on shares of Twin Disc in a research report on Thursday, April 17th. They issued a “buy” rating and a $12.00 price objective on the stock.

Twin Disc Stock Performance

Shares of NASDAQ TWIN opened at $7.57 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. Twin Disc, Incorporated has a 12 month low of $6.16 and a 12 month high of $14.98. The company has a 50 day simple moving average of $7.11 and a two-hundred day simple moving average of $9.36. The stock has a market cap of $107.10 million, a price-to-earnings ratio of 11.30 and a beta of 0.76.

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 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 during the quarter, compared to analyst estimates of $93.30 million.

Twin Disc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Monday, May 19th. Twin Disc’s payout ratio is 55.17%.

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.