Royce & Associates LP held its stake in Twin Disc Inc. (NASDAQ:TWIN) during the second quarter, Holdings Channel reports. The institutional investor owned 11,700 shares of the company’s stock at the end of the second quarter. Royce & Associates LP owned approximately 0.10% of Twin Disc worth $126,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Twin Disc by 1.4% in the first quarter. Geode Capital Management LLC now owns 52,245 shares of the company’s stock valued at $529,000 after buying an additional 724 shares in the last quarter. Renaissance Technologies LLC increased its stake in Twin Disc by 1.3% in the first quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock valued at $1,263,000 after buying an additional 1,599 shares during the period. BlackRock Fund Advisors increased its stake in Twin Disc by 1.6% in the first quarter. BlackRock Fund Advisors now owns 216,325 shares of the company’s stock valued at $2,191,000 after buying an additional 3,381 shares during the period. Teton Advisors Inc. increased its stake in Twin Disc by 1.4% in the second quarter. Teton Advisors Inc. now owns 297,205 shares of the company’s stock valued at $3,192,000 after buying an additional 4,205 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Twin Disc by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 260,308 shares of the company’s stock valued at $2,637,000 after buying an additional 5,901 shares during the period. 43.67% of the stock is currently owned by institutional investors.
Twin Disc Inc. (NASDAQ:TWIN) traded down 0.09% during mid-day trading on Friday, hitting $10.96. 6,291 shares of the stock traded hands. The stock’s market cap is $125.36 million. Twin Disc Inc. has a 12-month low of $8.19 and a 12-month high of $14.71. The company has a 50 day moving average of $11.37 and a 200-day moving average of $10.69.
Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings data on Thursday, August 18th. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.15. Twin Disc had a negative net margin of 7.88% and a negative return on equity of 5.82%. The business earned $42.65 million during the quarter, compared to analyst estimates of $49.80 million. During the same quarter last year, the firm posted $0.04 earnings per share. The business’s revenue for the quarter was down 36.7% compared to the same quarter last year. Equities research analysts forecast that Twin Disc Inc. will post ($0.62) earnings per share for the current year.
Separately, Zacks Investment Research raised shares of Twin Disc from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Wednesday, August 24th.
About Twin Disc
Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates in two segments: manufacturing and distribution. Its products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems.
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