Meros Investment Management LP Acquires Shares of 80,377 Twin Disc, Incorporated $TWIN

Meros Investment Management LP bought a new position in shares of Twin Disc, Incorporated (NASDAQ:TWIN) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 80,377 shares of the industrial products company’s stock, valued at approximately $1,864,746,000.

Several other large investors also recently made changes to their positions in the business. Legal & General Group Plc bought a new position in Twin Disc in the 2nd quarter valued at $26,000. Global Retirement Partners LLC bought a new position in Twin Disc during the 4th quarter worth approximately $39,000. JPMorgan Chase & Co. grew its holdings in Twin Disc by 28.6% during the third quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 1,193 shares during the period. Strs Ohio bought a new stake in shares of Twin Disc in the 1st quarter valued at $74,000. Finally, Deutsche Bank AG acquired a new position in shares of Twin Disc in the second quarter valued at approximately $261,000. Institutional investors own 65.25% of the company’s stock.

Twin Disc Stock Up 3.8%

Shares of NASDAQ TWIN opened at $23.49 on Wednesday. The company has a 50 day simple moving average of $23.08 and a 200 day simple moving average of $19.25. Twin Disc, Incorporated has a 1 year low of $12.00 and a 1 year high of $25.50. The firm has a market cap of $338.80 million, a PE ratio of 9.87 and a beta of 0.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 0.81.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings data on Thursday, August 20th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.41. Twin Disc had a return on equity of 7.19% and a net margin of 9.06%.The company had revenue of $114.40 million for the quarter, compared to the consensus estimate of $100.35 million.

Twin Disc Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. This is an increase from Twin Disc’s previous quarterly dividend of $0.04. The ex-dividend date is Tuesday, August 18th. Twin Disc’s dividend payout ratio is 8.40%.

Wall Street Analyst Weigh In

TWIN has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. Lake Street Capital initiated coverage on shares of Twin Disc in a research note on Thursday, July 9th. They issued a “buy” rating and a $30.00 price target for the company. Finally, Weiss Ratings upgraded shares of Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Twin Disc Company 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.