Shares of Titan International Inc (NYSE:TWI) have been given a consensus rating of “Hold” by the six analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $13.00.
Several brokerages recently commented on TWI. ValuEngine downgraded shares of Titan International from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research raised shares of Titan International from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a research report on Tuesday, May 8th.
Shares of Titan International stock traded down $0.13 during trading on Tuesday, hitting $11.12. The company’s stock had a trading volume of 460,457 shares, compared to its average volume of 217,484. The company has a current ratio of 2.06, a quick ratio of 1.17 and a debt-to-equity ratio of 1.23. Titan International has a 52 week low of $7.97 and a 52 week high of $14.53.
Titan International (NYSE:TWI) last announced its quarterly earnings data on Friday, May 4th. The industrial products company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.19. Titan International had a negative net margin of 2.31% and a positive return on equity of 1.24%. The company had revenue of $425.38 million for the quarter, compared to the consensus estimate of $407.27 million. During the same period in the prior year, the firm posted ($0.18) EPS. Titan International’s revenue for the quarter was up 19.0% on a year-over-year basis. equities research analysts forecast that Titan International will post 0.6 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be given a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend is Thursday, June 28th. Titan International’s dividend payout ratio (DPR) is -4.08%.
A number of hedge funds have recently made changes to their positions in the stock. WINTON GROUP Ltd purchased a new stake in shares of Titan International during the 1st quarter valued at about $5,500,000. Matarin Capital Management LLC purchased a new stake in shares of Titan International during the 1st quarter valued at about $4,607,000. Millennium Management LLC purchased a new stake in shares of Titan International during the 1st quarter valued at about $3,424,000. Franklin Resources Inc. boosted its holdings in shares of Titan International by 5.0% during the 4th quarter. Franklin Resources Inc. now owns 4,452,747 shares of the industrial products company’s stock valued at $57,351,000 after acquiring an additional 210,477 shares during the last quarter. Finally, Covalent Partners LLC purchased a new stake in shares of Titan International during the 1st quarter valued at about $2,511,000. 86.22% of the stock is currently owned by institutional investors.
Titan International Company Profile
Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles in the United States and internationally. It operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.
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