Twin Disc, Incorporated (TWIN) Shares Sold by Wells Fargo & Company MN
Wells Fargo & Company MN cut its stake in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 1.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 28,061 shares of the company’s stock after selling 350 shares during the period. Wells Fargo & Company MN owned approximately 0.25% of Twin Disc, worth $336,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Paloma Partners Management Co acquired a new position in shares of Twin Disc, during the second quarter worth about $374,000. Laurion Capital Management LP purchased a new stake in Twin Disc, during the second quarter valued at about $272,000. Dimensional Fund Advisors LP raised its stake in Twin Disc, by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 543,646 shares of the company’s stock valued at $5,839,000 after buying an additional 17,647 shares in the last quarter. Alpine Partners VI LLC purchased a new stake in Twin Disc, during the second quarter valued at about $124,000. Finally, Ancora Advisors LLC raised its stake in Twin Disc, by 47.1% in the second quarter. Ancora Advisors LLC now owns 25,000 shares of the company’s stock valued at $268,000 after buying an additional 8,000 shares in the last quarter. 42.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Twin Disc, Incorporated (NASDAQ:TWIN) traded up 3.12% during mid-day trading on Friday, reaching $17.85. 20,754 shares of the company’s stock were exchanged. The firm’s market cap is $204.94 million. Twin Disc, Incorporated has a 52-week low of $8.19 and a 52-week high of $17.85. The company has a 50 day moving average price of $14.56 and a 200 day moving average price of $12.01.
Twin Disc, (NASDAQ:TWIN) last announced its quarterly earnings data on Tuesday, November 1st. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.05. The business had revenue of $35.84 million for the quarter, compared to analyst estimates of $38.10 million. Twin Disc, had a negative net margin of 6.97% and a negative return on equity of 4.72%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.39) earnings per share. Analysts forecast that Twin Disc, Incorporated will post ($0.61) earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Twin Disc, from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Friday, November 4th.
About Twin Disc,
Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates through two segments: manufacturing and distribution. Its products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems.
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