Nuveen LLC Takes Position in Twin Disc, Incorporated $TWIN

Nuveen LLC purchased a new stake in shares of Twin Disc, Incorporated (NASDAQ:TWIN) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,002 shares of the industrial products company’s stock, valued at approximately $114,000. Nuveen LLC owned 0.11% of Twin Disc as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Central Pacific Bank Trust Division lifted its stake in shares of Twin Disc by 566.7% during 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 during the period. Deutsche Bank AG bought a new stake in Twin Disc in the fourth quarter valued at about $101,000. Bank of America Corp DE increased its holdings in Twin Disc by 75.7% in the fourth 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 during the last quarter. Barclays PLC increased its holdings in Twin Disc by 13.0% in the fourth quarter. Barclays PLC now owns 16,792 shares of the industrial products company’s stock valued at $197,000 after purchasing an additional 1,929 shares during the last quarter. Finally, Skylands Capital LLC increased its holdings in Twin Disc by 8.8% in the first quarter. Skylands Capital LLC now owns 29,704 shares of the industrial products company’s stock valued at $225,000 after purchasing an additional 2,404 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Twin Disc Stock Down 0.5%

Shares of Twin Disc stock opened at $13.02 on Monday. Twin Disc, Incorporated has a 1 year low of $6.16 and a 1 year high of $13.40. The business has a 50-day moving average of $9.83 and a two-hundred day moving average of $8.37. The company has a market capitalization of $184.23 million, a P/E ratio of -92.99 and a beta of 0.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 0.86.

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

Twin Disc Announces Dividend

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

Analysts Set New Price Targets

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

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.