Titan International, Inc. (NYSE:TWI) Upgraded by TheStreet to C-
Titan International, Inc. (NYSE:TWI) was upgraded by stock analysts at TheStreet from a “d+” rating to a “c-” rating in a research note issued to investors on Friday.
TWI has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Titan International from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Friday, June 30th. Sidoti upgraded shares of Titan International from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 18th. Jefferies Group LLC restated an “underperform” rating and set a $14.00 target price (up previously from $11.50) on shares of Titan International in a research report on Friday, April 14th. Finally, Feltl & Co. restated a “buy” rating on shares of Titan International in a research report on Thursday, March 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Titan International currently has an average rating of “Buy” and a consensus price target of $14.00.
Titan International (TWI) traded up 0.16% during mid-day trading on Friday, hitting $12.23. The company had a trading volume of 247,954 shares. The firm’s market cap is $729.61 million. The stock’s 50 day moving average price is $11.17 and its 200 day moving average price is $11.32. Titan International has a 52-week low of $5.97 and a 52-week high of $14.23.
Titan International (NYSE:TWI) last issued its earnings results on Thursday, May 4th. The industrial products company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.09. The firm had revenue of $357.50 million during the quarter, compared to the consensus estimate of $332.14 million. Titan International had a negative net margin of 3.12% and a negative return on equity of 11.22%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.33) earnings per share. On average, equities research analysts predict that Titan International will post ($0.07) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be paid a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend is Wednesday, June 28th. Titan International’s payout ratio is -2.78%.
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Several institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new position in Titan International during the fourth quarter valued at about $580,000. Comerica Bank increased its position in Titan International by 5.2% in the fourth quarter. Comerica Bank now owns 46,408 shares of the industrial products company’s stock valued at $491,000 after buying an additional 2,310 shares during the last quarter. State Street Corp increased its position in Titan International by 7.0% in the fourth quarter. State Street Corp now owns 968,171 shares of the industrial products company’s stock valued at $10,852,000 after buying an additional 62,930 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Titan International by 19.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,281,067 shares of the industrial products company’s stock valued at $36,781,000 after buying an additional 527,385 shares during the last quarter. Finally, FMR LLC acquired a new position in Titan International during the fourth quarter valued at about $3,443,000. 85.17% of the stock is owned by hedge funds and other institutional investors.
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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