Geode Capital Management LLC Acquires 2,287 Shares of Twin Disc, Incorporated (TWIN)

Geode Capital Management LLC raised its stake in Twin Disc, Incorporated (NASDAQ:TWIN) by 5.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,300 shares of the industrial products company’s stock after purchasing an additional 2,287 shares during the quarter. Geode Capital Management LLC owned approximately 0.40% of Twin Disc, worth $952,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Neuberger Berman Group LLC lifted its position in shares of Twin Disc, by 1.3% in the first quarter. Neuberger Berman Group LLC now owns 614,561 shares of the industrial products company’s stock valued at $12,642,000 after buying an additional 7,749 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its position in shares of Twin Disc, by 21.2% in the first quarter. Pacific Ridge Capital Partners LLC now owns 362,905 shares of the industrial products company’s stock valued at $7,465,000 after buying an additional 63,484 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Twin Disc, by 1.0% in the first quarter. Vanguard Group Inc. now owns 342,338 shares of the industrial products company’s stock valued at $7,042,000 after buying an additional 3,271 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Twin Disc, by 14.0% in the first quarter. California Public Employees Retirement System now owns 47,300 shares of the industrial products company’s stock valued at $973,000 after buying an additional 5,800 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Twin Disc, by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 44,767 shares of the industrial products company’s stock worth $921,000 after purchasing an additional 526 shares during the last quarter. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Several analysts recently weighed in on the company. Zacks Investment Research raised Twin Disc, from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Thursday, August 17th. TheStreet raised Twin Disc, from a “d+” rating to a “c-” rating in a report on Monday, August 28th. Finally, Seaport Global Securities cut Twin Disc, from a “buy” rating to a “neutral” rating and set a $24.00 price target for the company. in a report on Wednesday, June 21st.

Twin Disc, Incorporated (NASDAQ TWIN) opened at 17.80 on Friday. The company’s market cap is $205.98 million. The firm’s 50-day moving average price is $17.30 and its 200-day moving average price is $17.79. Twin Disc, Incorporated has a 1-year low of $10.01 and a 1-year high of $21.75.

Twin Disc, (NASDAQ:TWIN) last posted its earnings results on Friday, August 4th. The industrial products company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08. Twin Disc, had a negative net margin of 3.74% and a negative return on equity of 5.02%. The business had revenue of $53.59 million during the quarter, compared to the consensus estimate of $49.65 million. During the same quarter in the previous year, the firm posted ($0.01) EPS. The firm’s revenue was up 25.7% on a year-over-year basis. Equities research analysts forecast that Twin Disc, Incorporated will post $0.01 EPS for the current fiscal 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.

Institutional Ownership by Quarter for Twin Disc, (NASDAQ:TWIN)

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