BlackRock Inc. Acquires 51,129 Shares of Twin Disc, Incorporated (NASDAQ:TWIN)

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BlackRock Inc. increased its holdings in Twin Disc, Incorporated (NASDAQ:TWIN) by 8.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 687,902 shares of the industrial products company’s stock after buying an additional 51,129 shares during the period. BlackRock Inc. owned about 5.25% of Twin Disc worth $10,386,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. US Bancorp DE raised its position in shares of Twin Disc by 31.6% during the 2nd quarter. US Bancorp DE now owns 32,827 shares of the industrial products company’s stock worth $495,000 after purchasing an additional 7,889 shares during the last quarter. Perritt Capital Management Inc. raised its position in shares of Twin Disc by 4.3% during the 2nd quarter. Perritt Capital Management Inc. now owns 48,900 shares of the industrial products company’s stock worth $738,000 after purchasing an additional 2,000 shares during the last quarter. Northern Trust Corp raised its position in shares of Twin Disc by 2.7% during the 2nd quarter. Northern Trust Corp now owns 120,807 shares of the industrial products company’s stock worth $1,824,000 after purchasing an additional 3,179 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its position in shares of Twin Disc by 12.3% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 412,629 shares of the industrial products company’s stock worth $6,231,000 after purchasing an additional 45,045 shares during the last quarter. Finally, LPL Financial LLC acquired a new position in shares of Twin Disc during the 2nd quarter worth about $456,000. 56.36% of the stock is owned by institutional investors.

Several research analysts recently weighed in on TWIN shares. Zacks Investment Research upgraded shares of Twin Disc from a “sell” rating to a “hold” rating in a research report on Saturday, October 12th. Robert W. Baird set a $14.00 price objective on shares of Twin Disc and gave the company a “hold” rating in a report on Monday, August 12th. Finally, ValuEngine upgraded shares of Twin Disc from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.33.

TWIN stock opened at $9.98 on Monday. The company has a market cap of $135.19 million, a price-to-earnings ratio of 12.02 and a beta of 1.97. The company has a current ratio of 2.77, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. Twin Disc, Incorporated has a 12 month low of $9.60 and a 12 month high of $21.95. The firm has a 50-day moving average of $11.04 and a two-hundred day moving average of $13.48.

Twin Disc (NASDAQ:TWIN) last released its quarterly earnings data on Friday, August 9th. The industrial products company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.20). The business had revenue of $72.45 million during the quarter, compared to analyst estimates of $72.85 million. Twin Disc had a net margin of 4.07% and a return on equity of 6.75%. As a group, equities analysts forecast that Twin Disc, Incorporated will post 0.19 earnings per share for the current year.

Twin Disc Company Profile

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. The company operates through two segments, Manufacturing and Distribution. Its products include marine transmissions, surface drives, propellers, and boat management systems; and power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.

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Institutional Ownership by Quarter for Twin Disc (NASDAQ:TWIN)

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