AMH Equity Ltd Decreases Position in Twin Disc, Incorporated $TWIN

AMH Equity Ltd decreased its position in Twin Disc, Incorporated (NASDAQ:TWIN) by 12.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 464,000 shares of the industrial products company’s stock after selling 66,086 shares during the period. Twin Disc accounts for 5.4% of AMH Equity Ltd’s portfolio, making the stock its 5th largest position. AMH Equity Ltd’s holdings in Twin Disc were worth $4,097,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in TWIN. Bank of New York Mellon Corp boosted its holdings in Twin Disc by 4.9% in the first quarter. Bank of New York Mellon Corp now owns 94,904 shares of the industrial products company’s stock valued at $718,000 after acquiring an additional 4,439 shares during the last quarter. IFP Advisors Inc bought a new position in Twin Disc in the first quarter valued at about $805,000. US Bancorp DE bought a new position in Twin Disc in the first quarter valued at about $307,000. Charles Schwab Investment Management Inc. boosted its holdings in Twin Disc by 12.0% in 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 during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Twin Disc by 12.6% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 59,839 shares of the industrial products company’s stock valued at $453,000 after acquiring an additional 6,714 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TWIN. Weiss Ratings reiterated a “sell (d+)” rating on shares of Twin Disc in a report on Wednesday, October 8th. Wall Street Zen cut Twin Disc from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 18th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Twin Disc has an average rating of “Hold” and a consensus price target of $12.00.

Twin Disc Price Performance

Shares of TWIN opened at $15.60 on Friday. 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, Incorporated has a 1 year low of $6.16 and a 1 year high of $16.50. The stock has a market cap of $224.48 million, a P/E ratio of -111.42 and a beta of 0.81. The stock’s 50-day moving average price is $13.96 and its two-hundred day moving average price is $10.12.

Twin Disc (NASDAQ:TWIN) last issued its earnings results on Thursday, August 21st. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.0%. Twin Disc’s dividend payout ratio (DPR) is currently -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.