Royce & Associates LP Increases Position in Twin Disc, Incorporated (NASDAQ:TWIN)

Royce & Associates LP increased its position in Twin Disc, Incorporated (NASDAQ:TWIN) by 1.0% in the third quarter, HoldingsChannel.com reports. The fund owned 398,212 shares of the industrial products company’s stock after buying an additional 3,786 shares during the period. Royce & Associates LP’s holdings in Twin Disc were worth $4,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TWIN. Dimensional Fund Advisors LP increased its holdings in shares of Twin Disc by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 555,283 shares of the industrial products company’s stock valued at $6,541,000 after purchasing an additional 16,452 shares during the period. Vanguard Group Inc. lifted its stake in Twin Disc by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 540,668 shares of the industrial products company’s stock valued at $8,937,000 after acquiring an additional 34,425 shares during the period. Gabelli Funds LLC boosted its holdings in shares of Twin Disc by 4.3% in the 2nd quarter. Gabelli Funds LLC now owns 388,024 shares of the industrial products company’s stock valued at $4,571,000 after acquiring an additional 16,157 shares during the last quarter. Grace & White Inc. NY increased its stake in shares of 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 acquiring an additional 1,800 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Twin Disc by 33.2% during the second quarter. Renaissance Technologies LLC now owns 131,193 shares of the industrial products company’s stock worth $1,545,000 after purchasing an additional 32,673 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

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.

Twin Disc Stock Up 0.4 %

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

Twin Disc Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Monday, November 18th. Twin Disc’s dividend payout ratio (DPR) is 23.88%.

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.