A number of other research firms have also weighed in on TWI. Zacks Investment Research raised shares of Titan International from a sell rating to a hold rating in a report on Friday, February 2nd. TheStreet raised shares of Titan International from a d+ rating to a c- rating in a report on Monday, November 6th. Jefferies Group reaffirmed a hold rating and set a $12.00 target price on shares of Titan International in a report on Sunday, November 5th. Finally, ValuEngine raised shares of Titan International from a sell rating to a hold rating in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $12.00.
Shares of Titan International (TWI) opened at $14.15 on Friday. 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 cap of $844.94, a P/E ratio of -12.63 and a beta of 1.73.
In other news, CFO James M. Froisland bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were acquired at an average price of $11.65 per share, with a total value of $58,250.00. Following the acquisition, the chief financial officer now owns 5,000 shares of the company’s stock, valued at approximately $58,250. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 17.80% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its holdings in Titan International by 0.5% during the 2nd quarter. Wells Fargo & Company MN now owns 30,618 shares of the industrial products company’s stock worth $368,000 after acquiring an additional 150 shares during the period. California State Teachers Retirement System increased its holdings in shares of Titan International by 1.3% in the 2nd quarter. California State Teachers Retirement System now owns 88,309 shares of the industrial products company’s stock worth $1,061,000 after buying an additional 1,100 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Titan International by 10.3% in the 2nd quarter. Voya Investment Management LLC now owns 24,230 shares of the industrial products company’s stock worth $291,000 after buying an additional 2,266 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Titan International by 2.5% in the 2nd quarter. New York State Common Retirement Fund now owns 106,559 shares of the industrial products company’s stock worth $1,280,000 after buying an additional 2,581 shares during the last quarter. Finally, Nationwide Fund Advisors increased its holdings in shares of Titan International by 9.9% in the 2nd quarter. Nationwide Fund Advisors now owns 37,740 shares of the industrial products company’s stock worth $453,000 after buying an additional 3,388 shares during the last quarter. 86.19% of the stock is currently owned by institutional investors and hedge funds.
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About Titan International
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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