Empowered Funds LLC Acquires 3,596 Shares of Twin Disc, Incorporated (NASDAQ:TWIN)

Empowered Funds LLC raised its holdings in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 26.0% in the fourth quarter, HoldingsChannel reports. The firm owned 17,427 shares of the industrial products company’s stock after buying an additional 3,596 shares during the quarter. Empowered Funds LLC’s holdings in Twin Disc were worth $205,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TWIN. MetLife Investment Management LLC raised its position in Twin Disc by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 3,767 shares during the last quarter. Barclays PLC raised its position in shares of Twin Disc by 280.7% in the 3rd quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock worth $186,000 after acquiring an additional 10,959 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Twin Disc by 753.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company’s stock worth $194,000 after acquiring an additional 13,686 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Twin Disc by 36.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,894 shares of the industrial products company’s stock worth $661,000 after acquiring an additional 14,091 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in shares of Twin Disc in the 3rd quarter worth approximately $1,384,000. Institutional investors own 65.25% of the company’s stock.

Twin Disc Stock Down 9.8 %

Shares of NASDAQ:TWIN opened at $8.75 on Friday. Twin Disc, Incorporated has a 52-week low of $8.69 and a 52-week high of $18.00. The firm has a market capitalization of $123.81 million, a P/E ratio of 13.06 and a beta of 0.62. The stock has a 50 day moving average price of $11.08 and a 200-day moving average price of $11.83. 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) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. Twin Disc had a return on equity of 4.24% and a net margin of 2.92%.

Twin Disc Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be paid a $0.04 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.16 annualized dividend and a dividend yield of 1.83%. Twin Disc’s payout ratio is currently 23.88%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Twin Disc from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 7th.

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.