Meros Investment Management LP Invests $1.86 Billion in Twin Disc, Incorporated $TWIN

Meros Investment Management LP purchased a new stake in shares of Twin Disc, Incorporated (NASDAQ:TWIN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 80,377 shares of the industrial products company’s stock, valued at approximately $1,864,746,000. Meros Investment Management LP owned 0.56% of Twin Disc as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. North Star Investment Management Corp. purchased a new position in Twin Disc in the 1st quarter worth about $874,000. Sei Investments Co. lifted its stake in Twin Disc by 92.8% during the first quarter. Sei Investments Co. now owns 70,471 shares of the industrial products company’s stock valued at $1,062,000 after buying an additional 33,919 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Twin Disc in the second quarter worth about $2,137,000. Algert Global LLC acquired a new position in shares of Twin Disc in the second quarter worth about $1,194,000. Finally, Global Retirement Partners LLC purchased a new position in shares of Twin Disc in the second quarter worth approximately $54,000. Institutional investors own 65.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TWIN shares. Weiss Ratings upgraded shares of Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Wall Street Zen lowered shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, Lake Street Capital initiated coverage on shares of Twin Disc in a research report on Thursday, July 9th. They set a “buy” rating and a $30.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Twin Disc presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Twin Disc Stock Up 3.8%

Twin Disc stock opened at $23.49 on Wednesday. The firm has a market cap of $338.80 million, a PE ratio of 9.87 and a beta of 0.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 2.09. The firm’s 50 day moving average price is $23.08 and its two-hundred day moving average price is $19.25. Twin Disc, Incorporated has a twelve month low of $12.00 and a twelve month high of $25.50.

Twin Disc (NASDAQ:TWIN) last issued its earnings results on Thursday, August 20th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.41. Twin Disc had a net margin of 9.06% and a return on equity of 7.19%. The company had revenue of $114.40 million during the quarter, compared to analyst estimates of $100.35 million.

Twin Disc Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be given a $0.05 dividend. This is a positive change from Twin Disc’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, August 18th. Twin Disc’s payout ratio is 8.40%.

Twin Disc Profile

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.