North Star Investment Management Corp. Takes $874,000 Position in Twin Disc, Incorporated $TWIN

North Star Investment Management Corp. bought a new stake in shares of Twin Disc, Incorporated (NASDAQ:TWIN) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 58,000 shares of the industrial products company’s stock, valued at approximately $874,000.

A number of other institutional investors have also recently added to or reduced their stakes in TWIN. Global Retirement Partners LLC acquired a new stake in Twin Disc in the 4th quarter valued at $39,000. Strs Ohio purchased a new position in Twin Disc in the first quarter valued at about $74,000. JPMorgan Chase & Co. lifted its stake in shares of Twin Disc by 28.6% during the third quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 1,193 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Twin Disc by 40.9% during the second quarter. Bank of America Corp DE now owns 15,811 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 4,590 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Twin Disc in the second quarter worth about $141,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

Twin Disc Price Performance

Shares of TWIN stock opened at $23.54 on Tuesday. The firm has a fifty day simple moving average of $18.69 and a 200-day simple moving average of $17.47. The company has a market capitalization of $339.45 million, a PE ratio of 12.79 and a beta of 0.71. Twin Disc, Incorporated has a twelve month low of $8.03 and a twelve month high of $24.48. The company has a current ratio of 2.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.23.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Twin Disc had a return on equity of 2.77% and a net margin of 7.32%.The firm had revenue of $96.69 million for the quarter, compared to analysts’ expectations of $94.70 million.

Twin Disc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were paid a dividend of $0.04 per share. The ex-dividend date was Monday, May 18th. This represents a $0.16 annualized dividend and a dividend yield of 0.7%. Twin Disc’s dividend payout ratio (DPR) is currently 8.70%.

Analyst Ratings Changes

TWIN has been the subject of a number of recent research reports. Weiss Ratings upgraded Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Wall Street Zen lowered Twin Disc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

About Twin Disc

Twin Disc, Inc (NASDAQ: TWIN) is a global designer and manufacturer of power transmission equipment for marine and industrial applications. Headquartered in Racine, Wisconsin, the company develops a range of mechanical and digital solutions that control power delivery in demanding environments. Its portfolio includes marine gears, power take-offs, clutches, brakes, transmissions and controllable pitch propeller systems engineered to withstand heavy loads and corrosive conditions.

In addition to original equipment manufacturing, Twin Disc offers aftermarket parts and services, including maintenance, repair and overhaul support through a network of service centers worldwide.