Brandywine Global Investment Management LLC Increases Stock Position in Titan International, Inc. $TWI

Brandywine Global Investment Management LLC increased its holdings in shares of Titan International, Inc. (NYSE:TWI) by 20.0% during the second quarter, HoldingsChannel reports. The firm owned 276,110 shares of the industrial products company’s stock after buying an additional 46,110 shares during the period. Brandywine Global Investment Management LLC’s holdings in Titan International were worth $2,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. AlphaQuest LLC purchased a new position in Titan International in the 2nd quarter worth about $43,000. Brooklyn Investment Group raised its holdings in shares of Titan International by 1,286.4% during the first quarter. Brooklyn Investment Group now owns 5,934 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 5,506 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Titan International by 1,669.4% during the second quarter. Nisa Investment Advisors LLC now owns 10,581 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 9,983 shares during the last quarter. Hsbc Holdings PLC lifted its position in Titan International by 25.4% during the first quarter. Hsbc Holdings PLC now owns 14,678 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 2,969 shares during the period. Finally, Koshinski Asset Management Inc. purchased a new stake in Titan International in the second quarter worth approximately $138,000. 80.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TWI. Weiss Ratings reiterated a “sell (e+)” rating on shares of Titan International in a research note on Wednesday, November 19th. Wall Street Zen upgraded Titan International from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.33.

Titan International Price Performance

NYSE TWI opened at $7.76 on Tuesday. The business’s fifty day moving average is $7.72 and its 200 day moving average is $8.41. Titan International, Inc. has a fifty-two week low of $5.93 and a fifty-two week high of $10.94. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.27 and a current ratio of 2.35. The company has a market capitalization of $495.94 million, a PE ratio of -25.02 and a beta of 1.91.

Titan International (NYSE:TWI) last issued its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. Titan International had a negative return on equity of 1.62% and a negative net margin of 1.24%.The business had revenue of $466.47 million during the quarter, compared to analysts’ expectations of $458.74 million. Sell-side analysts predict that Titan International, Inc. will post 0.03 earnings per share for the current year.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.