BNP Paribas Financial Markets Raises Position in Twin Disc, Incorporated (NASDAQ:TWIN)

BNP Paribas Financial Markets boosted its holdings in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 753.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 15,502 shares of the industrial products company’s stock after buying an additional 13,686 shares during the period. BNP Paribas Financial Markets’ holdings in Twin Disc were worth $194,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Rhumbline Advisers lifted its stake in Twin Disc by 1,037.8% during the second quarter. Rhumbline Advisers now owns 13,654 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 12,454 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Twin Disc in the second quarter worth $184,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in Twin Disc by 36.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,894 shares of the industrial products company’s stock valued at $661,000 after acquiring an additional 14,091 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Twin Disc by 62.0% during the second quarter. Acadian Asset Management LLC now owns 101,656 shares of the industrial products company’s stock valued at $1,195,000 after purchasing an additional 38,915 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Twin Disc by 44.3% during the second quarter. Bank of New York Mellon Corp now owns 102,281 shares of the industrial products company’s stock worth $1,205,000 after acquiring an additional 31,378 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 30th.

Twin Disc Trading Up 0.2 %

Twin Disc stock opened at $12.16 on Wednesday. The business’s fifty day moving average is $12.01 and its 200 day moving average is $12.48. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.23 and a quick ratio of 0.84. The stock has a market capitalization of $171.50 million, a PE ratio of 18.15 and a beta of 0.63. Twin Disc, Incorporated has a one year low of $10.83 and a one year high of $18.00.

Twin Disc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Monday, November 18th. Twin Disc’s dividend payout ratio (DPR) is presently 23.88%.

About Twin Disc

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.