MetLife Investment Management LLC Has $83,000 Holdings in Twin Disc, Incorporated (NASDAQ:TWIN)

MetLife Investment Management LLC raised its holdings in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 129.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,685 shares of the industrial products company’s stock after purchasing an additional 3,767 shares during the period. MetLife Investment Management LLC’s holdings in Twin Disc were worth $83,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in TWIN. Rhumbline Advisers raised its position in shares of Twin Disc by 1,037.8% in the 2nd quarter. Rhumbline Advisers now owns 13,654 shares of the industrial products company’s stock valued at $161,000 after acquiring an additional 12,454 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Twin Disc in the 2nd quarter valued at approximately $184,000. BNP Paribas Financial Markets raised its position in shares of Twin Disc by 753.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,502 shares of the industrial products company’s stock valued at $194,000 after acquiring an additional 13,686 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Twin Disc by 36.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,894 shares of the industrial products company’s stock valued at $661,000 after acquiring an additional 14,091 shares during the period. Finally, Acadian Asset Management LLC raised its position in shares of Twin Disc by 62.0% in the 2nd quarter. Acadian Asset Management LLC now owns 101,656 shares of the industrial products company’s stock valued at $1,195,000 after acquiring an additional 38,915 shares during the period. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Twin Disc Price Performance

Shares of TWIN opened at $12.39 on Wednesday. The stock has a market capitalization of $174.70 million, a P/E ratio of 18.49 and a beta of 0.63. Twin Disc, Incorporated has a twelve month low of $10.83 and a twelve month high of $18.00. The company has a 50 day moving average of $12.00 and a 200-day moving average of $12.53. The company has a quick ratio of 0.84, a current ratio of 2.23 and a debt-to-equity ratio of 0.27.

Twin Disc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, November 18th. This represents a $0.16 dividend on an annualized basis and a yield of 1.29%. Twin Disc’s payout ratio is 23.88%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 30th.

Twin Disc Profile

Twin Disc, Incorporated engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal products include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.