Titan International Inc (NYSE:TWI)‘s stock had its “buy” rating reaffirmed by equities researchers at Feltl & Co. in a research report issued on Thursday.
A number of other equities analysts have also recently commented on TWI. Aegis started coverage on Titan International in a research note on Friday, December 23rd. They issued a “buy” rating and a $15.00 price target on the stock. Zacks Investment Research cut Titan International from a “buy” rating to a “hold” rating in a research note on Thursday, January 5th. Finally, William Blair raised Titan International from a “market perform” rating to an “outperform” rating in a research note on Friday, January 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $13.50.
Titan International (NYSE:TWI) opened at 10.43 on Thursday. Titan International has a 12-month low of $4.80 and a 12-month high of $14.23. The firm’s 50 day moving average price is $12.87 and its 200-day moving average price is $11.14. The company’s market capitalization is $563.80 million.
Titan International (NYSE:TWI) last announced its quarterly earnings results on Wednesday, March 15th. The company reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.15. The company earned $307.30 million during the quarter, compared to analysts’ expectations of $311.02 million. Titan International had a negative return on equity of 12.49% and a negative net margin of 6.86%. Titan International’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the firm earned ($0.38) earnings per share. On average, equities analysts anticipate that Titan International will post ($0.09) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.005 per share. The ex-dividend date is Wednesday, March 29th. This represents a $0.02 annualized dividend and a dividend yield of 0.19%. Titan International’s dividend payout ratio (DPR) is presently -1.23%.
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Institutional investors have recently bought and sold shares of the stock. Algert Global LLC acquired a new position in Titan International during the third quarter valued at about $233,000. Livingston Group Asset Management CO operating as Southport Capital Management boosted its position in Titan International by 0.6% in the third quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 11,571 shares of the company’s stock valued at $117,000 after buying an additional 71 shares during the period. Acadian Asset Management LLC acquired a new position in Titan International during the third quarter valued at about $487,000. State of New Jersey Common Pension Fund D boosted its position in Titan International by 4.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 650,000 shares of the company’s stock valued at $6,578,000 after buying an additional 30,000 shares during the period. Finally, Strs Ohio acquired a new position in Titan International during the third quarter valued at about $299,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.
About Titan International
Titan International, Inc is a manufacturer of wheels, tires and undercarriage systems and components for off-highway vehicles used in the agricultural, earthmoving/construction and consumer segments. The Company operates through three segments: agricultural, earthmoving/construction and consumer. The Company’s agricultural market includes rims, wheels, tires and undercarriage systems and components manufactured for use on various agricultural and forestry equipment.
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