Royce & Associates LP Sells 68,978 Shares of Twin Disc, Incorporated (NASDAQ:TWIN)

Royce & Associates LP cut its stake in shares of Twin Disc, Incorporated (NASDAQ:TWIN - Free Report) by 17.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 329,234 shares of the industrial products company's stock after selling 68,978 shares during the quarter. Royce & Associates LP owned approximately 2.33% of Twin Disc worth $3,868,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its position in shares of Twin Disc by 2.3% in the 3rd quarter. State Street Corp now owns 123,880 shares of the industrial products company's stock worth $1,547,000 after acquiring an additional 2,835 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Twin Disc by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 250,924 shares of the industrial products company's stock worth $3,134,000 after acquiring an additional 3,109 shares in the last quarter. Empowered Funds LLC increased its position in Twin Disc by 26.0% in the 4th quarter. Empowered Funds LLC now owns 17,427 shares of the industrial products company's stock valued at $205,000 after buying an additional 3,596 shares in the last quarter. MetLife Investment Management LLC increased its position in Twin Disc by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company's stock valued at $83,000 after buying an additional 3,767 shares in the last quarter. Finally, Barclays PLC increased its position in Twin Disc by 280.7% in the 3rd quarter. Barclays PLC now owns 14,863 shares of the industrial products company's stock valued at $186,000 after buying an additional 10,959 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Separately, StockNews.com raised Twin Disc from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, March 18th.

Twin Disc Stock Up 1.1 %

Shares of Twin Disc stock traded up $0.09 on Friday, hitting $8.22. The company had a trading volume of 68,772 shares, compared to its average volume of 38,751. The stock has a market capitalization of $116.28 million, a price-to-earnings ratio of 12.27 and a beta of 0.58. Twin Disc, Incorporated has a 1 year low of $7.35 and a 1 year high of $18.00. The stock has a 50 day moving average of $9.74 and a 200-day moving average of $11.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 2.11.

Twin Disc (NASDAQ:TWIN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.07 EPS for the quarter. Twin Disc had a return on equity of 4.24% and a net margin of 2.92%.

Twin Disc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Friday, February 14th. Twin Disc's dividend payout ratio is presently 23.88%.

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.