Titan International, Inc. (NYSE:TWI - Get Free Report) Director Richard M. Cashin, Jr. sold 212,398 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $10.34, for a total value of $2,196,195.32. Following the completion of the sale, the director owned 176,461 shares of the company's stock, valued at $1,824,606.74. This trade represents a 54.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Titan International Stock Up 3.4%
TWI traded up $0.36 during trading on Wednesday, reaching $10.83. 685,745 shares of the stock were exchanged, compared to its average volume of 688,832. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 2.26. The stock's 50 day moving average price is $8.00 and its two-hundred day moving average price is $7.89. Titan International, Inc. has a twelve month low of $5.93 and a twelve month high of $10.87. The stock has a market cap of $689.87 million, a P/E ratio of -51.57 and a beta of 2.03.
Titan International (NYSE:TWI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). Titan International had a negative net margin of 0.83% and a negative return on equity of 0.05%. The firm had revenue of $490.71 million during the quarter, compared to the consensus estimate of $466.86 million. Equities analysts expect that Titan International, Inc. will post 0.03 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in TWI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Titan International by 4.4% in the fourth 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 last quarter. Principal Financial Group Inc. grew its stake in Titan International by 0.6% in the 4th quarter. Principal Financial Group Inc. now owns 232,819 shares of the industrial products company's stock valued at $1,581,000 after buying an additional 1,464 shares during the last quarter. SummerHaven Investment Management LLC grew its stake 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 buying an additional 1,628 shares during the last quarter. Hsbc Holdings PLC raised 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 acquiring an additional 2,969 shares during the period. Finally, MetLife Investment Management LLC lifted its position in Titan International by 14.1% during the fourth quarter. MetLife Investment Management LLC now owns 26,763 shares of the industrial products company's stock worth $182,000 after acquiring an additional 3,310 shares during the last quarter. 80.39% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
TWI has been the topic of a number of research analyst reports. 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 objective on the stock. Wall Street Zen raised shares of Titan International from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Cantor Fitzgerald started coverage on shares of Titan International in a research report on Thursday, March 20th. They set an "overweight" rating and a $11.00 price target on the stock.
Check Out Our Latest Stock Report on Titan International
Titan International Company Profile
(
Get Free Report)
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.
Read More
Before you consider Titan International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Titan International wasn't on the list.
While Titan International currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
