Research analysts at Aegis began coverage on shares of Titan International Inc. (NYSE:TWI) in a research note issued on Friday, The Fly reports. The brokerage set a “buy” rating on the stock.
Several other analysts have also recently commented on the company. Zacks Investment Research upgraded Titan International from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Thursday, October 6th. Jefferies Group boosted their price target on Titan International from $8.00 to $11.50 and gave the company a “hold” rating in a research note on Tuesday, October 11th.
Titan International (NYSE:TWI) opened at 11.03 on Friday. The company’s market capitalization is $596.24 million. Titan International has a 52 week low of $2.50 and a 52 week high of $12.14. The stock’s 50 day moving average is $11.35 and its 200 day moving average is $9.11.
Titan International (NYSE:TWI) last announced its earnings results on Thursday, November 3rd. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.05. Titan International had a negative net margin of 6.86% and a negative return on equity of 12.49%. The company earned $306.20 million during the quarter, compared to the consensus estimate of $301.25 million. During the same quarter in the previous year, the company earned ($0.13) earnings per share. The business’s revenue was down .8% on a year-over-year basis. Analysts predict that Titan International will post ($0.48) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be paid a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 0.18%. The ex-dividend date is Wednesday, December 28th. Titan International’s dividend payout ratio (DPR) is presently -1.23%.
A number of institutional investors have recently modified their holdings of the stock. Hartford Investment Management Co. acquired a new position in shares of Titan International during the second quarter valued at about $105,000. Mount Vernon Associates Inc. MD raised its position in shares of Titan International by 2.3% in the second quarter. Mount Vernon Associates Inc. MD now owns 18,100 shares of the company’s stock worth $112,000 after buying an additional 400 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management raised its position in shares of 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 worth $117,000 after buying an additional 71 shares during the last quarter. Keane Capital Partners LLC purchased a new position in shares of Titan International during the second quarter worth $118,000. Finally, HighTower Advisors LLC raised its position in shares of Titan International by 4.5% in the second quarter. HighTower Advisors LLC now owns 20,775 shares of the company’s stock worth $128,000 after buying an additional 900 shares during the last quarter. 81.08% of the stock is currently owned by hedge funds and other institutional investors.
Titan International Company Profile
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.