Great West Life Assurance Co. Can Has $643,000 Stake in Titan International, Inc. (TWI)

Great West Life Assurance Co. Can continued to hold its position in shares of Titan International, Inc. (NYSE:TWI) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 62,173 shares of the industrial products company’s stock at the end of the first quarter. Great West Life Assurance Co. Can’s holdings in Titan International were worth $643,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Ellington Management Group LLC purchased a new position in shares of Titan International during the fourth quarter valued at about $113,000. Trexquant Investment LP purchased a new position in shares of Titan International during the fourth quarter valued at about $134,000. Stokes & Hubbell Capital Management LLC purchased a new position in shares of Titan International during the first quarter valued at about $124,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Titan International during the fourth quarter valued at about $204,000. Finally, Louisiana State Employees Retirement System increased its position in shares of Titan International by 12.5% in the first quarter. Louisiana State Employees Retirement System now owns 19,800 shares of the industrial products company’s stock valued at $205,000 after buying an additional 2,200 shares during the period. 85.17% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Titan International (NYSE:TWI)

Shares of Titan International, Inc. (NYSE:TWI) opened at 11.84 on Tuesday. The company’s 50 day moving average is $10.96 and its 200-day moving average is $11.31. The company’s market capitalization is $706.34 million. Titan International, Inc. has a 52 week low of $5.79 and a 52 week high of $14.23.

Titan International (NYSE:TWI) last announced its quarterly earnings results on Thursday, May 4th. The industrial products company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.09. Titan International had a negative net margin of 3.12% and a negative return on equity of 11.22%. The company had revenue of $357.50 million during the quarter, compared to the consensus estimate of $332.14 million. During the same quarter last year, the company earned ($0.33) earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. On average, analysts expect that Titan International, Inc. will post ($0.07) EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be given a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend is Wednesday, June 28th. Titan International’s dividend payout ratio (DPR) is -2.78%.

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Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Titan International from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Saturday, March 11th. Feltl & Co. reissued a “buy” rating on shares of Titan International in a report on Thursday, March 16th. Jefferies Group LLC reissued an “underperform” rating and set a $14.00 price target (up previously from $11.50) on shares of Titan International in a report on Friday, April 14th. Finally, Sidoti raised shares of Titan International from a “neutral” rating to a “buy” rating in a report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Titan International has a consensus rating of “Buy” and a consensus target price of $14.33.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TWI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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