Heartland Advisors Inc. Has $2.12 Million Stock Holdings in Twin Disc, Incorporated (NASDAQ:TWIN)

Heartland Advisors Inc. lowered its stake in Twin Disc, Incorporated (NASDAQ:TWIN) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 180,000 shares of the industrial products company’s stock after selling 9,464 shares during the quarter. Heartland Advisors Inc. owned about 1.27% of Twin Disc worth $2,115,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of Twin Disc by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 250,924 shares of the industrial products company’s stock valued at $3,134,000 after purchasing an additional 3,109 shares during the period. Empowered Funds LLC grew its stake in shares of Twin Disc by 26.0% during the 4th quarter. Empowered Funds LLC now owns 17,427 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 3,596 shares in the last quarter. State Street Corp lifted its position 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 purchasing an additional 2,835 shares in the last quarter. BNP Paribas Financial Markets grew its position in 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 valued at $194,000 after purchasing an additional 13,686 shares in the last quarter. Finally, Barclays PLC increased its stake in Twin Disc by 280.7% in the 3rd 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 last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Twin Disc Trading Down 2.3 %

NASDAQ TWIN opened at $7.95 on Friday. Twin Disc, Incorporated has a 12 month low of $7.35 and a 12 month 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 $9.45 and a 200-day moving average of $11.07. The company has a market cap of $112.46 million, a PE ratio of 11.87 and a beta of 0.58.

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

Twin Disc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Friday, February 14th. Twin Disc’s payout ratio is presently 23.88%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Twin Disc from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

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.