Barclays PLC Has $186,000 Stock Holdings in Twin Disc, Incorporated (NASDAQ:TWIN)

Barclays PLC increased its stake in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 280.7% in the third quarter, Holdings Channel.com reports. The firm owned 14,863 shares of the industrial products company’s stock after buying an additional 10,959 shares during the quarter. Barclays PLC’s holdings in Twin Disc were worth $186,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. MetLife Investment Management LLC increased its position in Twin Disc by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 6,685 shares of the industrial products company’s stock valued at $83,000 after acquiring an additional 3,767 shares during the period. Rhumbline Advisers boosted its stake 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 purchasing an additional 12,454 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Twin Disc in the 2nd quarter valued at $184,000. BNP Paribas Financial Markets boosted its stake 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 purchasing an additional 13,686 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake 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 purchasing an additional 14,091 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Twin Disc Stock Performance

Shares of TWIN stock opened at $11.27 on Thursday. The firm has a 50-day moving average of $11.71 and a 200-day moving average of $12.26. The company has a market cap of $158.91 million, a P/E ratio of 16.82 and a beta of 0.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.23 and a quick ratio of 0.84. Twin Disc, Incorporated has a one year low of $10.22 and a one year high of $18.00.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported ($0.20) earnings per share (EPS) for the quarter. The company had revenue of $72.90 million for the quarter. Twin Disc had a return on equity of 4.26% and a net margin of 3.09%.

Twin Disc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a $0.04 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.42%. Twin Disc’s dividend payout ratio (DPR) is currently 23.88%.

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.