Victory Capital Management Inc. Has $889,000 Stake in Twin Disc, Incorporated (NASDAQ:TWIN)

Victory Capital Management Inc. decreased its position in Twin Disc, Incorporated (NASDAQ:TWIN) by 13.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,428 shares of the industrial products company’s stock after selling 11,325 shares during the quarter. Victory Capital Management Inc. owned 0.54% of Twin Disc worth $889,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Central Pacific Bank Trust Division acquired a new stake in shares of Twin Disc in the first quarter valued at about $26,000. EntryPoint Capital LLC acquired a new stake in shares of Twin Disc in the first quarter valued at about $36,000. Rhumbline Advisers increased its position in shares of Twin Disc by 1,037.8% in the second 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 last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Twin Disc by 64.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 36,366 shares of the industrial products company’s stock valued at $601,000 after acquiring an additional 14,218 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Twin Disc by 17.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 39,115 shares of the industrial products company’s stock valued at $632,000 after acquiring an additional 5,942 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Twin Disc Trading Down 3.9 %

Twin Disc stock opened at $12.44 on Friday. Twin Disc, Incorporated has a 52 week low of $10.90 and a 52 week high of $18.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.90 and a current ratio of 2.21. The stock has a market capitalization of $175.40 million, a P/E ratio of 14.30 and a beta of 0.60. The stock has a 50-day simple moving average of $12.94 and a 200 day simple moving average of $14.15.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings data on Thursday, August 15th. The industrial products company reported $0.32 earnings per share (EPS) for the quarter. Twin Disc had a return on equity of 5.47% and a net margin of 3.72%. The company had revenue of $84.42 million during the quarter.

Twin Disc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 2nd. Stockholders of record on Monday, August 19th were given a $0.04 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.29%. Twin Disc’s payout ratio is 18.39%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Twin Disc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 7th.

Twin Disc Profile

Twin Disc, Incorporated designs, manufactures, and sells 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.