Twin Disc, Incorporated $TWIN is AMH Equity Ltd’s 3rd Largest Position

AMH Equity Ltd reduced its position in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 28.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,090 shares of the industrial products company’s stock after selling 133,910 shares during the period. Twin Disc makes up 5.7% of AMH Equity Ltd’s portfolio, making the stock its 3rd biggest holding. AMH Equity Ltd owned about 2.29% of Twin Disc worth $4,601,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new position in shares of Twin Disc during the 3rd quarter valued at $1,224,000. Y Intercept Hong Kong Ltd purchased a new position in Twin Disc during the 2nd quarter valued at $420,000. Peapod Lane Capital LLC bought a new position in Twin Disc in the second quarter worth about $1,202,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Twin Disc by 32.5% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 79,273 shares of the industrial products company’s stock worth $700,000 after acquiring an additional 19,434 shares in the last quarter. Finally, Bailard Inc. purchased a new position in Twin Disc during the 2nd quarter valued at about $256,000. 65.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TWIN. Weiss Ratings restated a “sell (d+)” rating on shares of Twin Disc in a research note on Wednesday, October 8th. Wall Street Zen upgraded Twin Disc from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. Finally, Zacks Research raised shares of Twin Disc to a “hold” rating in a report on Tuesday, December 9th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Twin Disc presently has a consensus rating of “Hold” and an average price target of $12.00.

Twin Disc Price Performance

Shares of TWIN stock opened at $19.19 on Friday. The stock has a market capitalization of $276.11 million, a price-to-earnings ratio of 959.50 and a beta of 0.67. The company has a current ratio of 2.08, a quick ratio of 0.79 and a debt-to-equity ratio of 0.25. The stock has a fifty day simple moving average of $16.14 and a two-hundred day simple moving average of $13.55. Twin Disc, Incorporated has a twelve month low of $6.16 and a twelve month high of $19.33.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings data on Wednesday, November 5th. The industrial products company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.06). The firm had revenue of $80.00 million for the quarter, compared to the consensus estimate of $98.60 million. Twin Disc had a return on equity of 0.23% and a net margin of 0.10%.

Twin Disc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, November 17th. Twin Disc’s payout ratio is presently 800.00%.

Twin Disc Company Profile

Twin Disc, Inc (NASDAQ: TWIN) is a global designer and manufacturer of power transmission equipment for marine and industrial applications. Headquartered in Racine, Wisconsin, the company develops a range of mechanical and digital solutions that control power delivery in demanding environments. Its portfolio includes marine gears, power take-offs, clutches, brakes, transmissions and controllable pitch propeller systems engineered to withstand heavy loads and corrosive conditions.

In addition to original equipment manufacturing, Twin Disc offers aftermarket parts and services, including maintenance, repair and overhaul support through a network of service centers worldwide.