BlackRock Inc. acquired 743,060 shares of Twin Disc, Incorporated.
The purchase represents a 5.15% stake in the industrial products manufacturer.
The total value of the investment is approximately $17.24 million.
Twin Disc recently reported quarterly earnings of $0.64 per share.
This result exceeded the consensus analyst estimate of $0.23 per share.
Quarterly revenue reached $114.4 million, surpassing the $100.35 million forecast.
The company also raised its quarterly dividend from $0.04 to $0.05 per share.