Segall Bryant & Hamill LLC Invests $1.38 Million in Twin Disc, Incorporated (NASDAQ:TWIN)

Segall Bryant & Hamill LLC purchased a new stake in shares of Twin Disc, Incorporated (NASDAQ:TWIN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 110,801 shares of the industrial products company’s stock, valued at approximately $1,384,000.

A number of other large investors also recently bought and sold shares of the stock. Acadian Asset Management LLC increased its holdings in shares of Twin Disc by 62.0% during 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 purchasing an additional 38,915 shares in the last quarter. Vanguard Group Inc. grew its position in Twin Disc by 6.8% during the first quarter. Vanguard Group Inc. now owns 540,668 shares of the industrial products company’s stock valued at $8,937,000 after buying an additional 34,425 shares during the period. Renaissance Technologies LLC increased its holdings in Twin Disc by 33.2% in the second quarter. Renaissance Technologies LLC now owns 131,193 shares of the industrial products company’s stock valued at $1,545,000 after buying an additional 32,673 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Twin Disc by 44.3% in the second quarter. Bank of New York Mellon Corp now owns 102,281 shares of the industrial products company’s stock worth $1,205,000 after acquiring an additional 31,378 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Twin Disc by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 555,283 shares of the industrial products company’s stock worth $6,541,000 after acquiring an additional 16,452 shares during the period. 65.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded Twin Disc from a “buy” rating to a “strong-buy” rating in a research note on Friday.

Twin Disc Trading Up 2.2 %

Shares of TWIN stock opened at $11.42 on Friday. Twin Disc, Incorporated has a 1-year low of $10.83 and a 1-year high of $18.00. The company has a market cap of $161.02 million, a price-to-earnings ratio of 17.04 and a beta of 0.61. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.23 and a quick ratio of 0.84. The stock has a 50 day simple moving average of $12.02 and a 200-day simple moving average of $12.75.

Twin Disc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Monday, November 18th. Twin Disc’s dividend payout ratio is presently 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.