Shares of Titan International Inc (NYSE:TWI) have been given an average rating of “Hold” by the eight ratings firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $12.00.
A number of brokerages have recently issued reports on TWI. TheStreet upgraded shares of Titan International from a “d+” rating to a “c-” rating in a research report on Monday, November 6th. ValuEngine upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Jefferies Group reiterated a “hold” rating and issued a $12.00 price objective on shares of Titan International in a research report on Sunday, November 5th. Finally, Zacks Investment Research upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th.
Shares of Titan International (NYSE:TWI) traded up $0.03 on Tuesday, hitting $13.05. 133,400 shares of the stock were exchanged, compared to its average volume of 375,870. The company has a current ratio of 2.22, a quick ratio of 1.28 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $779.26, a price-to-earnings ratio of -15.72 and a beta of 1.82. Titan International has a twelve month low of $7.97 and a twelve month high of $14.23.
Titan International (NYSE:TWI) last announced its earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. The business had revenue of $370.99 million for the quarter, compared to analyst estimates of $331.30 million. Titan International had a negative net margin of 3.19% and a negative return on equity of 9.22%. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.15) earnings per share. analysts expect that Titan International will post -0.62 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.005 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.15%. Titan International’s dividend payout ratio (DPR) is -2.41%.
In other Titan International news, CFO James M. Froisland bought 5,000 shares of Titan International stock in a transaction on Thursday, December 14th. The stock was bought at an average price of $11.65 per share, with a total value of $58,250.00. Following the completion of the acquisition, the chief financial officer now owns 5,000 shares in the company, valued at $58,250. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Paul G. Reitz sold 22,000 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $10.82, for a total value of $238,040.00. The disclosure for this sale can be found here. Company insiders own 17.80% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors LLC acquired a new position in shares of Titan International during the 2nd quarter worth $125,000. IndexIQ Advisors LLC raised its stake in shares of Titan International by 0.6% during the 2nd quarter. IndexIQ Advisors LLC now owns 11,723 shares of the industrial products company’s stock worth $141,000 after buying an additional 66 shares during the last quarter. Westpac Banking Corp acquired a new position in shares of Titan International during the 2nd quarter worth $152,000. BNP Paribas Arbitrage SA raised its stake in shares of Titan International by 28.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 19,442 shares of the industrial products company’s stock worth $233,000 after buying an additional 4,323 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of Titan International by 10.3% during the 2nd quarter. Voya Investment Management LLC now owns 24,230 shares of the industrial products company’s stock worth $291,000 after buying an additional 2,266 shares during the last quarter. 87.15% of the stock is owned by institutional investors.
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About Titan International
Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.
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