Titan International Inc (TWI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Titan International Inc (NYSE:TWI) have been given an average recommendation of “Hold” by the eight brokerages that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $12.00.

TWI has been the subject of a number of recent research reports. Jefferies Group reaffirmed a “hold” rating and issued a $10.50 target price on shares of Titan International in a research note on Friday, October 6th. ValuEngine raised shares of Titan International from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a research note on Monday, November 6th. Finally, Zacks Investment Research raised shares of Titan International from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th.

Titan International (NYSE TWI) traded up $0.28 during trading hours on Friday, reaching $13.50. 238,911 shares of the company’s stock were exchanged, compared to its average volume of 235,803. The firm has a market capitalization of $805.37, a price-to-earnings ratio of -16.27 and a beta of 1.82. Titan International has a 52-week low of $7.97 and a 52-week high of $14.31. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.28 and a current ratio of 2.22.

Titan International (NYSE:TWI) last announced its earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.03. Titan International had a negative net margin of 3.19% and a negative return on equity of 9.22%. The company had revenue of $370.99 million during the quarter, compared to the consensus estimate of $331.30 million. During the same period in the previous year, the firm posted ($0.15) earnings per share. The company’s revenue was up 21.2% on a year-over-year basis. analysts expect that Titan International will post -0.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend was Thursday, December 28th. Titan International’s dividend payout ratio (DPR) is presently -2.41%.

In other news, CFO James M. Froisland purchased 5,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was purchased at an average price of $11.65 per share, for a total transaction of $58,250.00. Following the completion of the purchase, the chief financial officer now directly owns 5,000 shares in the company, valued at approximately $58,250. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Paul G. Reitz sold 22,000 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $10.82, for a total transaction of $238,040.00. The disclosure for this sale can be found here. Corporate insiders own 17.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Piedmont Investment Advisors LLC bought a new position in shares of Titan International in the second quarter valued at about $125,000. BNP Paribas Arbitrage SA raised its position in shares of Titan International by 28.6% in the second quarter. BNP Paribas Arbitrage SA now owns 19,442 shares of the industrial products company’s stock valued at $233,000 after purchasing an additional 4,323 shares during the period. Voya Investment Management LLC raised its position in shares of Titan International by 10.3% in the second quarter. Voya Investment Management LLC now owns 24,230 shares of the industrial products company’s stock valued at $291,000 after purchasing an additional 2,266 shares during the period. Thrivent Financial For Lutherans raised its position in shares of Titan International by 7.1% in the second quarter. Thrivent Financial For Lutherans now owns 29,170 shares of the industrial products company’s stock valued at $350,000 after purchasing an additional 1,940 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Titan International by 0.5% in the second quarter. Wells Fargo & Company MN now owns 30,618 shares of the industrial products company’s stock valued at $368,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 87.15% of the company’s stock.

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Titan International Company Profile

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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