Twin Disc, Incorporated (NASDAQ:TWIN) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Twin Disc, Incorporated (NASDAQ:TWIN) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,924 shares of the industrial products company’s stock after purchasing an additional 3,109 shares during the period. Geode Capital Management LLC owned approximately 1.78% of Twin Disc worth $3,134,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. MetLife Investment Management LLC raised its holdings in Twin Disc by 129.1% in the third quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock valued at $83,000 after buying an additional 3,767 shares during the period. Rhumbline Advisers raised its stake in shares of Twin Disc by 1,037.8% in the 2nd quarter. Rhumbline Advisers now owns 13,654 shares of the industrial products company’s stock valued at $161,000 after acquiring an additional 12,454 shares during the period. Barclays PLC lifted its holdings in shares of Twin Disc by 280.7% during the 3rd quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock valued at $186,000 after acquiring an additional 10,959 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Twin Disc by 753.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company’s stock worth $194,000 after purchasing an additional 13,686 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in Twin Disc in the 2nd quarter valued at $184,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Twin Disc Stock Down 1.0 %

NASDAQ TWIN opened at $11.43 on Tuesday. The stock has a market cap of $161.21 million, a PE ratio of 17.06 and a beta of 0.63. The business has a 50 day moving average price of $11.93 and a two-hundred day moving average price of $12.32. Twin Disc, Incorporated has a fifty-two week low of $10.83 and a fifty-two week high of $18.00. The company has a quick ratio of 0.84, a current ratio of 2.23 and a debt-to-equity ratio of 0.27.

Twin Disc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.40%. The ex-dividend date was Monday, November 18th. Twin Disc’s dividend payout ratio (DPR) is 23.88%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 30th.

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.