Twin Disc, Incorporated $TWIN Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its stake in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 27.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,282 shares of the industrial products company’s stock after selling 2,321 shares during the quarter. Deutsche Bank AG’s holdings in Twin Disc were worth $48,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division raised its holdings in Twin Disc by 566.7% in the first quarter. Central Pacific Bank Trust Division now owns 10,000 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 8,500 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Twin Disc by 75.7% in the 4th quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company’s stock valued at $173,000 after purchasing an additional 6,344 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of 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 purchasing an additional 1,427 shares during the last quarter. Barclays PLC grew its stake in shares of Twin Disc by 13.0% during the fourth quarter. Barclays PLC now owns 16,792 shares of the industrial products company’s stock worth $197,000 after purchasing an additional 1,929 shares in the last quarter. Finally, Skylands Capital LLC grew its stake in shares of Twin Disc by 8.8% during the first quarter. Skylands Capital LLC now owns 29,704 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 2,404 shares in the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen cut Twin Disc from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $12.00.

Twin Disc Stock Up 0.4%

Shares of NASDAQ:TWIN opened at $12.64 on Tuesday. The firm has a 50 day simple moving average of $9.52 and a 200-day simple moving average of $8.28. Twin Disc, Incorporated has a twelve month low of $6.16 and a twelve month high of $13.40. The company has a current ratio of 2.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $178.86 million, a PE ratio of -90.28 and a beta of 0.85.

Twin Disc (NASDAQ:TWIN) last posted its earnings results on Thursday, August 21st. The industrial products company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.16). Twin Disc had a negative net margin of 0.56% and a negative return on equity of 1.25%. The company had revenue of $96.68 million during the quarter, compared to analysts’ expectations of $93.00 million.

Twin Disc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 18th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, August 18th. Twin Disc’s payout ratio is presently -114.29%.

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.