Meros Investment Management LP Invests $911,000 in Twin Disc, Incorporated $TWIN

Meros Investment Management LP bought a new position in shares of Twin Disc, Incorporated (NASDAQ:TWIN) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 54,607 shares of the industrial products company’s stock, valued at approximately $911,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in shares of Twin Disc during the 4th quarter worth approximately $39,000. JPMorgan Chase & Co. boosted its stake in Twin Disc by 28.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 1,193 shares during the period. Strs Ohio bought a new stake in Twin Disc in the 1st quarter valued at $74,000. Barclays PLC boosted its stake in Twin Disc by 549.5% in the 4th quarter. Barclays PLC now owns 14,452 shares of the industrial products company’s stock valued at $241,000 after purchasing an additional 12,227 shares during the period. Finally, Hudson Bay Capital Management LP bought a new stake in Twin Disc in the 4th quarter valued at $259,000. 65.25% of the stock is currently owned by institutional investors.

Twin Disc Price Performance

Shares of NASDAQ TWIN opened at $20.01 on Tuesday. The stock has a market capitalization of $288.54 million, a PE ratio of 10.88 and a beta of 0.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 0.81. The business has a fifty day moving average price of $17.64 and a two-hundred day moving average price of $17.00. Twin Disc, Incorporated has a fifty-two week low of $7.43 and a fifty-two week high of $21.00.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $96.69 million during the quarter, compared to analyst estimates of $94.70 million. Twin Disc had a net margin of 7.32% and a return on equity of 2.77%.

Twin Disc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were issued a $0.04 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.16 annualized dividend and a yield of 0.8%. Twin Disc’s payout ratio is currently 8.70%.

Analyst Ratings Changes

Several analysts recently issued reports on TWIN shares. Weiss Ratings upgraded Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Wall Street Zen downgraded Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

About Twin Disc

Twin Disc, Inc (NASDAQ: TWIN) is a global designer and manufacturer of power transmission equipment for marine and industrial applications. Headquartered in Racine, Wisconsin, the company develops a range of mechanical and digital solutions that control power delivery in demanding environments. Its portfolio includes marine gears, power take-offs, clutches, brakes, transmissions and controllable pitch propeller systems engineered to withstand heavy loads and corrosive conditions.

In addition to original equipment manufacturing, Twin Disc offers aftermarket parts and services, including maintenance, repair and overhaul support through a network of service centers worldwide.