ValuEngine Lowers Titan International (TWI) to Sell

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ValuEngine lowered shares of Titan International (NYSE:TWI) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

TWI has been the subject of a number of other research reports. Zacks Investment Research lowered Titan International from a strong-buy rating to a hold rating in a research note on Thursday, April 26th. William Blair reiterated an outperform rating on shares of Titan International in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Hold and an average target price of $13.00.

TWI stock opened at $11.12 on Thursday. The company has a quick ratio of 1.17, a current ratio of 2.06 and a debt-to-equity ratio of 1.23. Titan International has a 1 year low of $7.97 and a 1 year high of $14.53. The stock has a market capitalization of $673.01 million, a PE ratio of -22.69 and a beta of 1.73.

Titan International (NYSE:TWI) last posted its earnings results on Friday, May 4th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.19. Titan International had a positive return on equity of 1.24% and a negative net margin of 2.31%. The business had revenue of $425.38 million during the quarter, compared to analyst estimates of $407.27 million. During the same quarter last year, the firm earned ($0.18) earnings per share. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. equities analysts predict that Titan International will post 0.6 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be issued a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Thursday, June 28th. Titan International’s dividend payout ratio is currently -4.08%.

A number of institutional investors and hedge funds have recently modified their holdings of TWI. Schwab Charles Investment Management Inc. boosted its holdings in Titan International by 8.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 524,719 shares of the industrial products company’s stock valued at $6,759,000 after purchasing an additional 41,909 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Titan International by 6.9% in the fourth quarter. Victory Capital Management Inc. now owns 130,468 shares of the industrial products company’s stock valued at $1,680,000 after purchasing an additional 8,368 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in Titan International in the fourth quarter valued at about $216,000. Teacher Retirement System of Texas purchased a new position in Titan International in the fourth quarter valued at about $223,000. Finally, California Public Employees Retirement System boosted its holdings in Titan International by 4.7% in the fourth quarter. California Public Employees Retirement System now owns 268,242 shares of the industrial products company’s stock valued at $3,455,000 after purchasing an additional 12,031 shares during the last quarter. 86.22% of the stock is owned by hedge funds and other institutional investors.

About Titan International

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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