1060 Capital LLC Makes New Investment in Titan International, Inc. $TWI

Key Points

• 1060 Capital LLC acquired a new stake in Titan International, purchasing 540,649 shares valued at approximately $4.5 million, making Titan about 10.3% of their holdings.
• The company's recent earnings report showed a loss of ($0.02) EPS, missing expectations and revealing a negative net margin and return on equity.
• Analysts have a consensus "Buy" rating for Titan International, with a target price of $11.33, highlighting positive expectations amidst recent market performance.

1060 Capital LLC purchased a new stake in Titan International, Inc. (NYSE:TWI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 540,649 shares of the industrial products company's stock, valued at approximately $4,536,000. Titan International comprises 10.3% of 1060 Capital LLC's holdings, making the stock its 6th largest position. 1060 Capital LLC owned approximately 0.85% of Titan International as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TWI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Titan International by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,628 shares of the industrial products company's stock valued at $194,000 after purchasing an additional 1,216 shares during the period. SummerHaven Investment Management LLC boosted its holdings in Titan International by 1.5% in the 1st quarter. SummerHaven Investment Management LLC now owns 108,736 shares of the industrial products company's stock valued at $912,000 after purchasing an additional 1,628 shares during the period. Hsbc Holdings PLC boosted its holdings in Titan International by 25.4% in the 1st quarter. Hsbc Holdings PLC now owns 14,678 shares of the industrial products company's stock valued at $124,000 after purchasing an additional 2,969 shares during the period. MetLife Investment Management LLC boosted its holdings in Titan International by 12.5% in the 1st quarter. MetLife Investment Management LLC now owns 30,104 shares of the industrial products company's stock valued at $253,000 after purchasing an additional 3,341 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Titan International by 7.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,598 shares of the industrial products company's stock valued at $398,000 after purchasing an additional 4,124 shares during the period. Institutional investors and hedge funds own 80.39% of the company's stock.

Insider Buying and Selling at Titan International

In other news, CAO Anthony Eheli sold 25,000 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $9.24, for a total transaction of $231,000.00. Following the completion of the sale, the chief accounting officer directly owned 45,276 shares in the company, valued at $418,350.24. This represents a 35.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard M. Cashin, Jr. sold 212,398 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $10.34, for a total transaction of $2,196,195.32. Following the sale, the director owned 176,461 shares of the company's stock, valued at approximately $1,824,606.74. This trade represents a 54.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 301,348 shares of company stock valued at $3,086,520. 25.00% of the stock is currently owned by corporate insiders.

Titan International Trading Down 1.2%

Shares of TWI stock traded down $0.11 during trading hours on Friday, hitting $8.63. 251,561 shares of the company's stock traded hands, compared to its average volume of 343,705. The stock's 50 day simple moving average is $9.03 and its 200 day simple moving average is $8.36. The stock has a market cap of $551.67 million, a PE ratio of -27.85 and a beta of 1.85. Titan International, Inc. has a 12 month low of $5.93 and a 12 month high of $10.94. The company has a quick ratio of 1.27, a current ratio of 2.35 and a debt-to-equity ratio of 0.98.

Titan International (NYSE:TWI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $460.83 million for the quarter, compared to the consensus estimate of $483.84 million. Titan International had a negative net margin of 1.24% and a negative return on equity of 1.62%. Titan International has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Titan International, Inc. will post 0.03 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on TWI shares. Noble Financial started coverage on shares of Titan International in a report on Wednesday, June 4th. They set an "outperform" rating and a $11.00 price target for the company. DA Davidson upped their price target on shares of Titan International from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Titan International has an average rating of "Buy" and a consensus price target of $11.33.

Titan International Profile

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.