Titan International, Inc. (TWI) Receives Average Rating of “Hold” from Analysts
Shares of Titan International, Inc. (NYSE:TWI) have been given an average rating of “Hold” by the nine brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $13.50.
TWI has been the topic of several research analyst reports. ValuEngine raised Titan International from a “sell” rating to a “hold” rating in a research note on Thursday. BidaskClub lowered Titan International from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Titan International in a research note on Sunday. Finally, Zacks Investment Research lowered Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th.
Institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans lifted its position in Titan International by 16.0% during the 1st quarter. Thrivent Financial For Lutherans now owns 27,230 shares of the industrial products company’s stock worth $282,000 after acquiring an additional 3,750 shares in the last quarter. Prudential Financial Inc. lifted its position in Titan International by 10.2% during the 1st quarter. Prudential Financial Inc. now owns 118,945 shares of the industrial products company’s stock worth $1,230,000 after acquiring an additional 11,033 shares in the last quarter. Franklin Resources Inc. lifted its position in Titan International by 70.3% during the 2nd quarter. Franklin Resources Inc. now owns 3,157,500 shares of the industrial products company’s stock worth $37,922,000 after acquiring an additional 1,303,200 shares in the last quarter. Citigroup Inc. lifted its position in Titan International by 33.6% during the 2nd quarter. Citigroup Inc. now owns 74,229 shares of the industrial products company’s stock worth $891,000 after acquiring an additional 18,651 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Titan International by 89.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 83,178 shares of the industrial products company’s stock worth $999,000 after acquiring an additional 39,187 shares in the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.
Titan International (NYSE TWI) traded up $0.36 on Monday, reaching $11.54. The company’s stock had a trading volume of 306,498 shares, compared to its average volume of 226,724. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.22 and a quick ratio of 1.28. Titan International has a 52 week low of $7.97 and a 52 week high of $14.23.
Titan International (NYSE:TWI) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.03. The company had revenue of $370.99 million during the quarter, compared to analysts’ expectations of $331.30 million. Titan International had a negative return on equity of 9.22% and a negative net margin of 3.19%. The firm’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.15) EPS. sell-side analysts forecast that Titan International will post -0.73 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.17%. The ex-dividend date was Thursday, September 28th. Titan International’s dividend payout ratio (DPR) is presently -2.41%.
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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