Royce & Associates LP Purchases 3,786 Shares of Twin Disc, Incorporated (NASDAQ:TWIN)

Royce & Associates LP increased its position in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 398,212 shares of the industrial products company’s stock after buying an additional 3,786 shares during the period. Royce & Associates LP owned about 2.82% of Twin Disc worth $4,974,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TWIN. Acadian Asset Management LLC increased its position in Twin Disc by 1.1% during the 1st quarter. Acadian Asset Management LLC now owns 62,741 shares of the industrial products company’s stock valued at $1,036,000 after purchasing an additional 668 shares during the period. Grace & White Inc. NY raised its stake in Twin Disc by 0.8% in the second quarter. Grace & White Inc. NY now owns 214,136 shares of the industrial products company’s stock worth $2,523,000 after buying an additional 1,800 shares in the last quarter. EntryPoint Capital LLC bought a new position in Twin Disc in the first quarter worth approximately $36,000. Rhumbline Advisers boosted its position in Twin Disc by 1,037.8% during the 2nd quarter. Rhumbline Advisers now owns 13,654 shares of the industrial products company’s stock valued at $161,000 after acquiring an additional 12,454 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Twin Disc by 64.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 36,366 shares of the industrial products company’s stock valued at $601,000 after acquiring an additional 14,218 shares during the period. 65.25% of the stock is currently owned by institutional investors.

Twin Disc Stock Up 0.4 %

Shares of Twin Disc stock opened at $11.61 on Tuesday. Twin Disc, Incorporated has a 52-week low of $10.90 and a 52-week high of $18.00. The firm’s 50 day moving average price is $12.11 and its 200-day moving average price is $12.87. The company has a quick ratio of 0.84, a current ratio of 2.23 and a debt-to-equity ratio of 0.27. The company has a market cap of $163.75 million, a P/E ratio of 17.18 and a beta of 0.61.

Twin Disc Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Monday, November 18th. Twin Disc’s payout ratio is presently 23.88%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Twin Disc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 7th.

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.