Twin Disc, Incorporated (NASDAQ:TWIN) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Twin Disc, Incorporated (NASDAQ:TWIN) by 36.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,894 shares of the industrial products company’s stock after acquiring an additional 14,091 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.38% of Twin Disc worth $661,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in Twin Disc by 1,037.8% during the 2nd quarter. Rhumbline Advisers now owns 13,654 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 12,454 shares during the period. Squarepoint Ops LLC acquired a new position in Twin Disc during the second quarter worth $184,000. Acadian Asset Management LLC raised its position in Twin Disc by 62.0% in the second quarter. Acadian Asset Management LLC now owns 101,656 shares of the industrial products company’s stock worth $1,195,000 after acquiring an additional 38,915 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in 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 valued at $1,205,000 after acquiring an additional 31,378 shares during the period. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Twin Disc during the 3rd quarter worth $1,384,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Twin Disc from a “buy” rating to a “strong-buy” rating in a report on Friday, November 22nd.

Twin Disc Price Performance

Shares of NASDAQ:TWIN opened at $12.63 on Friday. The firm has a market capitalization of $178.08 million, a price-to-earnings ratio of 18.85 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 business’s 50 day simple moving average is $12.00 and its 200-day simple moving average is $12.66. Twin Disc, Incorporated has a 12 month low of $10.83 and a 12 month high of $18.00.

Twin Disc Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, November 18th. This represents a $0.16 dividend on an annualized basis and a yield of 1.27%. Twin Disc’s payout ratio is 23.88%.

About Twin Disc

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.