North Star Investment Management Corp. Takes Position in Twin Disc, Incorporated $TWIN

North Star Investment Management Corp. bought a new position in shares of Twin Disc, Incorporated (NASDAQ:TWIN) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 58,000 shares of the industrial products company’s stock, valued at approximately $874,000. North Star Investment Management Corp. owned 0.40% of Twin Disc at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TWIN. Global Retirement Partners LLC purchased a new stake in Twin Disc in the 4th quarter valued at about $39,000. Strs Ohio purchased a new position in shares of Twin Disc during the 1st quarter worth about $74,000. JPMorgan Chase & Co. lifted its holdings in shares of Twin Disc by 28.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 1,193 shares during the period. Bank of America Corp DE boosted its position in shares of Twin Disc by 40.9% in the second quarter. Bank of America Corp DE now owns 15,811 shares of the industrial products company’s stock worth $140,000 after acquiring an additional 4,590 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Twin Disc in the second quarter worth approximately $141,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Twin Disc Stock Performance

Shares of NASDAQ:TWIN opened at $23.54 on Tuesday. The firm has a market capitalization of $339.45 million, a PE ratio of 12.79 and a beta of 0.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 0.81. The business has a 50-day moving average of $18.69 and a two-hundred day moving average of $17.47. Twin Disc, Incorporated has a 12 month low of $8.03 and a 12 month high of $24.48.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The firm had revenue of $96.69 million during the quarter, compared to analysts’ expectations of $94.70 million. Twin Disc had a return on equity of 2.77% and a net margin of 7.32%.

Twin Disc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a $0.04 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.16 annualized dividend and a yield of 0.7%. Twin Disc’s dividend payout ratio (DPR) is presently 8.70%.

Wall Street Analyst Weigh In

TWIN has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 6th. Weiss Ratings upgraded shares of Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Twin Disc has a consensus rating of “Moderate Buy”.

Twin Disc 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.