Heartland Advisors Inc. Trims Stock Holdings in Twin Disc, Incorporated (NASDAQ:TWIN)

Heartland Advisors Inc. decreased its holdings in Twin Disc, Incorporated (NASDAQ:TWIN) by 37.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 250,000 shares of the industrial products company’s stock after selling 150,000 shares during the period. Heartland Advisors Inc.’s holdings in Twin Disc were worth $4,132,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Victory Capital Management Inc. increased its stake in shares of Twin Disc by 11.1% in the fourth quarter. Victory Capital Management Inc. now owns 96,416 shares of the industrial products company’s stock worth $1,558,000 after purchasing an additional 9,663 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Twin Disc by 9.2% in the first quarter. Janney Montgomery Scott LLC now owns 42,695 shares of the industrial products company’s stock worth $706,000 after purchasing an additional 3,580 shares in the last quarter. Citigroup Inc. purchased a new position in shares of Twin Disc in the third quarter worth about $254,000. Ritholtz Wealth Management purchased a new position in Twin Disc during the fourth quarter valued at approximately $164,000. Finally, Central Pacific Bank Trust Division purchased a new position in Twin Disc during the first quarter valued at approximately $26,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Insider Buying and Selling at Twin Disc

In other news, CEO John H. Batten sold 7,662 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $14.04, for a total value of $107,574.48. Following the completion of the sale, the chief executive officer now directly owns 378,388 shares in the company, valued at approximately $5,312,567.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.30% of the stock is currently owned by company insiders.

Twin Disc Price Performance

NASDAQ:TWIN traded up $0.24 during mid-day trading on Friday, hitting $13.09. 40,507 shares of the stock traded hands, compared to its average volume of 144,561. The business’s 50-day moving average price is $13.34 and its 200 day moving average price is $15.04. The company has a market cap of $183.26 million, a PE ratio of 15.05 and a beta of 0.64. Twin Disc, Incorporated has a 12-month low of $10.89 and a 12-month high of $18.00. The company has a quick ratio of 0.90, a current ratio of 2.22 and a debt-to-equity ratio of 0.19.

Twin Disc (NASDAQ:TWIN) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter. Twin Disc had a net margin of 4.13% and a return on equity of 8.42%. The business had revenue of $74.16 million during the quarter.

Twin Disc Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $0.16 annualized dividend and a yield of 1.22%. Twin Disc’s payout ratio is presently 18.39%.

Twin Disc Profile

Twin Disc, Incorporated designs, manufactures, and sells 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.