Pacific Ridge Capital Partners LLC trimmed its holdings in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 300,575 shares of the industrial products company’s stock after selling 32,810 shares during the period. Twin Disc makes up about 2.1% of Pacific Ridge Capital Partners LLC’s portfolio, making the stock its biggest position. Pacific Ridge Capital Partners LLC owned about 2.59% of Twin Disc worth $7,986,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Gamco Investors INC. ET AL increased its holdings in shares of Twin Disc by 9.8% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,342,651 shares of the industrial products company’s stock valued at $24,987,000 after purchasing an additional 119,838 shares in the last quarter. State Street Corp purchased a new stake in Twin Disc in the 2nd quarter worth $1,406,000. Northern Trust Corp increased its holdings in Twin Disc by 243.0% in the 2nd quarter. Northern Trust Corp now owns 106,518 shares of the industrial products company’s stock worth $1,720,000 after acquiring an additional 75,460 shares in the last quarter. BlackRock Inc. increased its holdings in Twin Disc by 7.1% in the 4th quarter. BlackRock Inc. now owns 596,314 shares of the industrial products company’s stock worth $15,845,000 after acquiring an additional 39,467 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Twin Disc in the 3rd quarter worth $608,000. Institutional investors and hedge funds own 50.32% of the company’s stock.
Several equities research analysts recently commented on the stock. BidaskClub lowered shares of Twin Disc from a “sell” rating to a “strong sell” rating in a report on Saturday, March 3rd. Robert W. Baird reissued a “hold” rating on shares of Twin Disc in a report on Friday, February 2nd. Finally, Zacks Investment Research lowered shares of Twin Disc from a “strong-buy” rating to a “hold” rating in a report on Saturday, December 30th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.67.
Twin Disc (NASDAQ:TWIN) last released its earnings results on Friday, February 2nd. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.05. Twin Disc had a negative net margin of 0.70% and a positive return on equity of 2.92%. The business had revenue of $56.55 million during the quarter, compared to analyst estimates of $51.50 million. During the same quarter in the prior year, the firm earned ($0.26) earnings per share. The company’s revenue for the quarter was up 68.0% compared to the same quarter last year. analysts expect that Twin Disc, Incorporated will post 0.44 earnings per share for the current year.
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Twin Disc Company Profile
Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates through two segments: manufacturing and distribution. Its products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems.
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