Twin Disc, Incorporated $TWIN Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its holdings in Twin Disc, Incorporated (NASDAQ:TWIN) by 92.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,471 shares of the industrial products company’s stock after acquiring an additional 33,919 shares during the quarter. Sei Investments Co. owned about 0.49% of Twin Disc worth $1,062,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Global Retirement Partners LLC purchased a new stake in shares of Twin Disc during the 4th quarter worth $39,000. Strs Ohio acquired a new position in shares of Twin Disc during the 1st quarter worth $74,000. JPMorgan Chase & Co. increased its holdings in shares of 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 in the last quarter. Bank of America Corp DE increased its holdings in shares of Twin Disc by 40.9% in the 2nd quarter. Bank of America Corp DE now owns 15,811 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 4,590 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Twin Disc in the 2nd quarter valued at about $141,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Analyst Ratings Changes

TWIN has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Lake Street Capital assumed coverage on shares of Twin Disc in a report on Thursday, July 9th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Wall Street Zen downgraded shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Twin Disc presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Twin Disc Stock Performance

Shares of NASDAQ TWIN opened at $24.58 on Thursday. The company has a 50-day simple moving average of $22.29 and a 200-day simple moving average of $18.83. 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 company has a market cap of $354.44 million, a PE ratio of 13.36 and a beta of 0.64. Twin Disc, Incorporated has a 12 month low of $8.03 and a 12 month high of $25.00.

Twin Disc Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, August 18th. This is an increase from Twin Disc’s previous quarterly dividend of $0.04. Twin Disc’s dividend payout ratio is presently 8.70%.

Twin Disc Company Profile

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.