Charles Schwab Investment Management Inc. Has $269,000 Position in Twin Disc, Incorporated $TWIN

Charles Schwab Investment Management Inc. increased its holdings in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 12.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,531 shares of the industrial products company’s stock after buying an additional 3,796 shares during the period. Charles Schwab Investment Management Inc. owned about 0.25% of Twin Disc worth $269,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TWIN. IFP Advisors Inc acquired a new stake in Twin Disc during the 1st quarter worth approximately $805,000. Grace & White Inc. NY lifted its position in shares of Twin Disc by 25.7% in the 1st quarter. Grace & White Inc. NY now owns 269,247 shares of the industrial products company’s stock worth $2,038,000 after purchasing an additional 55,111 shares during the period. US Bancorp DE acquired a new position in shares of Twin Disc in the 1st quarter worth approximately $307,000. Dimensional Fund Advisors LP lifted its position 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 purchasing an additional 20,470 shares during the period. Finally, Deutsche Bank AG acquired a new position in shares of Twin Disc in the 4th quarter worth approximately $101,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Twin Disc Stock Performance

Shares of TWIN stock opened at $13.09 on Friday. The firm has a market capitalization of $185.22 million, a PE ratio of -93.49 and a beta of 0.86. The firm has a fifty day simple moving average of $9.75 and a two-hundred day simple moving average of $8.36. The company has a current ratio of 2.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.25. Twin Disc, Incorporated has a 12 month low of $6.16 and a 12 month high of $13.40.

Twin Disc (NASDAQ:TWIN) last announced its quarterly 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). The business had revenue of $96.68 million for the quarter, compared to the consensus estimate of $93.00 million. Twin Disc had a negative net margin of 0.56% and a negative return on equity of 1.25%.

Twin Disc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Monday, August 18th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, August 18th. Twin Disc’s payout ratio is -114.29%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Twin Disc from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $12.00.

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.