Twin Disc, Incorporated (NASDAQ:TWIN) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC lifted its holdings in Twin Disc, Incorporated (NASDAQ:TWIN) by 129.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,685 shares of the industrial products company’s stock after purchasing an additional 3,767 shares during the period. MetLife Investment Management LLC’s holdings in Twin Disc were worth $83,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Grace & White Inc. NY increased its position in shares of Twin Disc by 0.8% in the second quarter. Grace & White Inc. NY now owns 214,136 shares of the industrial products company’s stock worth $2,523,000 after acquiring an additional 1,800 shares in the last quarter. Royce & Associates LP increased its position in shares of Twin Disc by 1.0% in the third quarter. Royce & Associates LP now owns 398,212 shares of the industrial products company’s stock worth $4,974,000 after acquiring an additional 3,786 shares in the last quarter. Rhumbline Advisers increased its position in shares of Twin Disc by 1,037.8% in the second quarter. Rhumbline Advisers now owns 13,654 shares of the industrial products company’s stock worth $161,000 after acquiring an additional 12,454 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Twin Disc by 753.6% in the third quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company’s stock worth $194,000 after acquiring an additional 13,686 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Twin Disc by 36.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,894 shares of the industrial products company’s stock worth $661,000 after acquiring an additional 14,091 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 30th.

Twin Disc Price Performance

Shares of Twin Disc stock opened at $12.39 on Wednesday. The firm has a fifty day simple moving average of $12.00 and a 200-day simple moving average of $12.53. The company has a current ratio of 2.23, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. Twin Disc, Incorporated has a 1-year low of $10.83 and a 1-year high of $18.00. The stock has a market capitalization of $174.70 million, a price-to-earnings ratio of 18.49 and a beta of 0.63.

Twin Disc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.29%. The ex-dividend date was Monday, November 18th. Twin Disc’s dividend payout ratio (DPR) is presently 23.88%.

Twin Disc Company 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.