Twin Disc, Incorporated $TWIN Shares Purchased by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 92.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,471 shares of the industrial products company’s stock after buying an additional 33,919 shares during the quarter. Sei Investments Co.’s holdings in Twin Disc were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in TWIN. Allspring Global Investments Holdings LLC increased its stake in shares of Twin Disc by 8.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 194,474 shares of the industrial products company’s stock valued at $2,931,000 after acquiring an additional 14,355 shares during the last quarter. North Star Investment Management Corp. purchased a new position in shares of Twin Disc during the 1st quarter worth about $874,000. Ritholtz Wealth Management boosted its position in shares of Twin Disc by 19.6% in the first quarter. Ritholtz Wealth Management now owns 72,299 shares of the industrial products company’s stock worth $1,090,000 after acquiring an additional 11,835 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Twin Disc by 10.1% in the fourth quarter. Empowered Funds LLC now owns 24,687 shares of the industrial products company’s stock worth $412,000 after acquiring an additional 2,269 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its holdings in Twin Disc by 20.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 56,266 shares of the industrial products company’s stock valued at $939,000 after purchasing an additional 9,669 shares during the period. 65.25% of the stock is owned by institutional investors and hedge funds.

Twin Disc Trading Up 1.7%

TWIN opened at $24.58 on Thursday. The firm’s 50 day moving average is $22.29 and its 200-day moving average is $18.83. Twin Disc, Incorporated has a 52-week low of $8.03 and a 52-week high of $25.00. The company has a quick ratio of 0.81, a current ratio of 2.09 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $354.44 million, a P/E ratio of 13.36 and a beta of 0.64.

Twin Disc Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be paid a dividend of $0.05 per share. This is a positive change from Twin Disc’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $0.20 annualized dividend and a yield of 0.8%. Twin Disc’s payout ratio is presently 8.70%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TWIN. 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 target for the company. Weiss Ratings upgraded shares of Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Finally, Wall Street Zen cut shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Twin Disc currently has an average rating of “Moderate Buy” and an average target price of $30.00.

Twin Disc Company 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.