Empowered Funds LLC Acquires 3,596 Shares of Twin Disc, Incorporated (NASDAQ:TWIN)

Empowered Funds LLC boosted its holdings in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 26.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,427 shares of the industrial products company’s stock after buying an additional 3,596 shares during the period. Empowered Funds LLC owned approximately 0.12% of Twin Disc worth $205,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MetLife Investment Management LLC boosted its holdings in shares of Twin Disc by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 3,767 shares in the last quarter. Barclays PLC boosted its holdings in shares of Twin Disc by 280.7% in the 3rd quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock worth $186,000 after purchasing an additional 10,959 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Twin Disc by 753.6% in 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Twin Disc by 36.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,894 shares of the industrial products company’s stock worth $661,000 after purchasing an additional 14,091 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Twin Disc in the 3rd quarter worth about $1,384,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Twin Disc from a “buy” rating to a “strong-buy” rating in a report on Friday, February 7th.

Twin Disc Trading Down 9.8 %

NASDAQ TWIN opened at $8.75 on Friday. Twin Disc, Incorporated has a 1-year low of $8.69 and a 1-year high of $18.00. The company has a current ratio of 2.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average of $11.08 and a 200-day moving average of $11.83. The firm has a market cap of $123.81 million, a PE ratio of 13.06 and a beta of 0.62.

Twin Disc (NASDAQ:TWIN) last released its earnings results on Wednesday, February 5th. The industrial products company reported $0.07 earnings per share for the quarter. Twin Disc had a return on equity of 4.24% and a net margin of 2.92%.

Twin Disc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Friday, February 14th. Twin Disc’s payout ratio is 23.88%.

About Twin Disc

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.