Titan International (TWI) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Titan International (NYSE:TWI) from a hold rating to a buy rating in a research note released on Friday. The brokerage currently has $6.25 price target on the industrial products company’s stock.

According to Zacks, “Titan International, Inc. is a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products. The company globally produces a broad range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets. “

Separately, ValuEngine lowered Titan International from a sell rating to a strong sell rating in a research report on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $11.92.

Shares of TWI opened at $5.42 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.11 and a quick ratio of 1.11. Titan International has a 52-week low of $4.49 and a 52-week high of $14.53. The company has a market capitalization of $324.75 million, a P/E ratio of -11.06 and a beta of 1.72.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were given a $0.005 dividend. The ex-dividend date of this dividend was Friday, December 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.37%. Titan International’s dividend payout ratio is presently -4.08%.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Financial Engines Advisors L.L.C. boosted its position in Titan International by 7.5% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 37,422 shares of the industrial products company’s stock worth $174,000 after acquiring an additional 2,612 shares during the last quarter. Arizona State Retirement System boosted its position in Titan International by 6.2% during the 4th quarter. Arizona State Retirement System now owns 77,508 shares of the industrial products company’s stock worth $361,000 after acquiring an additional 4,520 shares during the last quarter. SG Americas Securities LLC boosted its position in Titan International by 71.7% during the 4th quarter. SG Americas Securities LLC now owns 17,357 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 7,246 shares during the last quarter. New Jersey Better Educational Savings Trust boosted its position in Titan International by 36.4% during the 3rd quarter. New Jersey Better Educational Savings Trust now owns 30,000 shares of the industrial products company’s stock worth $223,000 after acquiring an additional 8,000 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan boosted its position in Titan International by 9.8% during the 4th quarter. NJ State Employees Deferred Compensation Plan now owns 90,000 shares of the industrial products company’s stock worth $419,000 after acquiring an additional 8,000 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

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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