JPMorgan Chase & Co. Lowers Holdings in Twin Disc, Incorporated (NASDAQ:TWIN)

JPMorgan Chase & Co. decreased its stake in Twin Disc, Incorporated (NASDAQ:TWIN) by 59.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,859 shares of the industrial products company’s stock after selling 7,130 shares during the period. JPMorgan Chase & Co.’s holdings in Twin Disc were worth $61,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake in shares of Twin Disc by 2.3% in the third quarter. State Street Corp now owns 123,880 shares of the industrial products company’s stock worth $1,547,000 after acquiring an additional 2,835 shares during the period. Geode Capital Management LLC grew its stake in shares of Twin Disc by 1.3% in the third quarter. Geode Capital Management LLC now owns 250,924 shares of the industrial products company’s stock worth $3,134,000 after acquiring an additional 3,109 shares during the period. MetLife Investment Management LLC grew its stake in shares of 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 worth $83,000 after acquiring an additional 3,767 shares during the period. Royce & Associates LP grew its position in Twin Disc by 1.0% during the third quarter. Royce & Associates LP now owns 398,212 shares of the industrial products company’s stock valued at $4,974,000 after buying an additional 3,786 shares during the period. Finally, Barclays PLC grew its position in Twin Disc by 280.7% during the third quarter. Barclays PLC now owns 14,863 shares of the industrial products company’s stock valued at $186,000 after buying an additional 10,959 shares during the period. Institutional investors own 65.25% of the company’s stock.

Twin Disc Price Performance

Twin Disc stock opened at $11.26 on Tuesday. The company has a market cap of $158.77 million, a price-to-earnings ratio of 16.81 and a beta of 0.62. The firm’s fifty day moving average is $11.70 and its 200 day moving average is $12.17. 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, Incorporated has a 52-week low of $10.22 and a 52-week high of $18.00.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings results on Wednesday, November 6th. The industrial products company reported ($0.20) earnings per share (EPS) for the quarter. Twin Disc had a net margin of 3.09% and a return on equity of 4.26%. The business had revenue of $72.90 million for the quarter.

Twin Disc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Monday, November 18th. Twin Disc’s dividend payout ratio (DPR) is 23.88%.

Wall Street Analyst Weigh In

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

Twin Disc 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.