Grace & White Inc. NY Has $2.51 Million Holdings in Twin Disc, Incorporated $TWIN

Grace & White Inc. NY raised its holdings in Twin Disc, Incorporated (NASDAQ:TWIN) by 5.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 284,529 shares of the industrial products company’s stock after acquiring an additional 15,282 shares during the quarter. Grace & White Inc. NY’s holdings in Twin Disc were worth $2,512,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Strs Ohio acquired a new position in Twin Disc in the first quarter valued at approximately $74,000. Bank of America Corp DE increased its holdings in shares of Twin Disc by 75.7% during the fourth quarter. Bank of America Corp DE now owns 14,721 shares of the industrial products company’s stock valued at $173,000 after acquiring an additional 6,344 shares in the last quarter. Nuveen LLC bought a new stake in shares of Twin Disc during the first quarter valued at approximately $114,000. Skylands Capital LLC increased its holdings in shares of Twin Disc by 8.8% during the first quarter. Skylands Capital LLC now owns 29,704 shares of the industrial products company’s stock valued at $225,000 after acquiring an additional 2,404 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Twin Disc by 12.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 35,531 shares of the industrial products company’s stock valued at $269,000 after acquiring an additional 3,796 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on TWIN shares. Weiss Ratings restated a “sell (d+)” rating on shares of Twin Disc in a report on Wednesday. Wall Street Zen upgraded Twin Disc from a “hold” rating to a “strong-buy” rating in a report on Saturday, September 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Twin Disc presently has an average rating of “Hold” and an average target price of $12.00.

Twin Disc Trading Down 2.6%

Shares of Twin Disc stock opened at $14.24 on Friday. The stock has a fifty day simple moving average of $12.19 and a 200 day simple moving average of $9.33. Twin Disc, Incorporated has a 12-month low of $6.16 and a 12-month high of $15.00. The company has a market capitalization of $204.91 million, a P/E ratio of -101.71 and a beta of 0.81. The company has a current ratio of 1.96, a quick ratio of 0.75 and a debt-to-equity ratio of 0.17.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings results on Thursday, August 21st. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.16). Twin Disc had a negative return on equity of 1.22% and a negative net margin of 0.56%.The company had revenue of $96.68 million for the quarter, compared to the consensus estimate of $93.00 million.

Twin Disc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Monday, August 18th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, August 18th. This represents a $0.16 annualized dividend and a yield of 1.1%. Twin Disc’s dividend payout ratio is -114.29%.

Twin Disc 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.