Gabelli Funds LLC raised its holdings in Twin Disc, Incorporated (NASDAQ:TWIN – Get Rating) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 320,524 shares of the industrial products company’s stock after acquiring an additional 9,400 shares during the period. Gabelli Funds LLC owned about 2.32% of Twin Disc worth $3,115,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC grew its holdings in shares of Twin Disc by 47.0% during the second quarter. Millennium Management LLC now owns 32,315 shares of the industrial products company’s stock worth $293,000 after purchasing an additional 10,332 shares during the last quarter. State Street Corp grew its holdings in shares of Twin Disc by 5.5% during the second quarter. State Street Corp now owns 36,205 shares of the industrial products company’s stock worth $328,000 after purchasing an additional 1,900 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Twin Disc by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 92,589 shares of the industrial products company’s stock worth $899,000 after purchasing an additional 1,165 shares during the last quarter. Skylands Capital LLC grew its holdings in shares of Twin Disc by 31.4% during the fourth quarter. Skylands Capital LLC now owns 200,420 shares of the industrial products company’s stock worth $1,948,000 after purchasing an additional 47,934 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in shares of Twin Disc by 4.4% during the third quarter. Neuberger Berman Group LLC now owns 359,891 shares of the industrial products company’s stock worth $4,157,000 after purchasing an additional 15,162 shares during the last quarter. Institutional investors own 61.16% of the company’s stock.
Twin Disc Price Performance
Twin Disc stock opened at $11.45 on Friday. The stock’s 50 day moving average is $10.76 and its 200 day moving average is $10.44. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.44 and a quick ratio of 0.90. The firm has a market cap of $158.24 million, a P/E ratio of 16.13 and a beta of 0.99. Twin Disc, Incorporated has a one year low of $7.91 and a one year high of $14.46.
Wall Street Analyst Weigh In
Twin Disc Profile
Twin Disc, Inc engages in the manufacturing and marketing of marine and off-highway power transmission equipment. It operates through the Manufacturing and Distribution segments. The Manufacturing segment refers to the manufacturing, assembly, and office facilities in Racine, Wisconsin, U.SA, Nivelles, Belgium, Decima, Italy, and Switzerland.
Further Reading
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