Titan International Inc (TWI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Titan International Inc (NYSE:TWI) have received an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $12.00.

Several research firms recently commented on TWI. TheStreet raised Titan International from a “d+” rating to a “c-” rating in a research note on Monday, November 6th. Zacks Investment Research raised Titan International from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Jefferies Group reissued a “hold” rating and issued a $12.00 target price on shares of Titan International in a report on Sunday, November 5th. Finally, ValuEngine raised Titan International from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd.

In related news, CFO James M. Froisland bought 5,000 shares of the stock in a transaction on Thursday, December 14th. The shares were purchased at an average price of $11.65 per share, for a total transaction of $58,250.00. Following the acquisition, the chief financial officer now owns 5,000 shares in the company, valued at $58,250. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 value of $238,040.00. The disclosure for this sale can be found here. Insiders own 17.80% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Gardner Lewis Asset Management L P acquired a new stake in Titan International during the 4th quarter valued at $1,880,000. Alliancebernstein L.P. lifted its stake in shares of Titan International by 39.8% during the 4th quarter. Alliancebernstein L.P. now owns 78,589 shares of the industrial products company’s stock worth $1,012,000 after purchasing an additional 22,383 shares during the period. Leucadia National Corp lifted its stake in shares of Titan International by 70.9% during the 4th quarter. Leucadia National Corp now owns 30,339 shares of the industrial products company’s stock worth $391,000 after purchasing an additional 12,586 shares during the period. Investors Research Corp purchased a new position in shares of Titan International in the 4th quarter worth $575,000. Finally, Allianz Asset Management GmbH raised its position in shares of Titan International by 4.4% in the 4th quarter. Allianz Asset Management GmbH now owns 1,707,648 shares of the industrial products company’s stock worth $21,994,000 after buying an additional 71,658 shares during the period. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Titan International (TWI) traded up $0.11 during trading hours on Wednesday, reaching $11.70. The company’s stock had a trading volume of 79,333 shares, compared to its average volume of 259,006. Titan International has a 12 month low of $7.97 and a 12 month high of $14.31. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.22 and a quick ratio of 1.28. The stock has a market capitalization of $692.08, a P/E ratio of -14.13 and a beta of 1.73.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 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 of this dividend was Thursday, December 28th. Titan International’s payout ratio is -2.41%.

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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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