Tritonpoint Wealth LLC Invests $2.57 Million in Titan International, Inc. (NYSE:TWI)

Tritonpoint Wealth LLC purchased a new position in shares of Titan International, Inc. (NYSE:TWI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 172,571 shares of the industrial products company's stock, valued at approximately $2,568,000. Tritonpoint Wealth LLC owned 0.28% of Titan International as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in TWI. Pacer Advisors Inc. increased its position in Titan International by 38.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,310,404 shares of the industrial products company's stock worth $34,379,000 after acquiring an additional 637,123 shares during the period. Brandywine Global Investment Management LLC bought a new position in Titan International during the third quarter worth $2,564,000. TD Asset Management Inc increased its holdings in Titan International by 12.3% in the 3rd quarter. TD Asset Management Inc now owns 55,500 shares of the industrial products company's stock valued at $745,000 after buying an additional 6,100 shares during the period. Mork Capital Management LLC acquired a new position in shares of Titan International in the 3rd quarter valued at $1,209,000. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Titan International by 602.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 104,613 shares of the industrial products company's stock valued at $1,405,000 after buying an additional 89,723 shares in the last quarter. 80.39% of the stock is currently owned by institutional investors and hedge funds.

Titan International Price Performance

Shares of TWI stock traded down $0.05 during mid-day trading on Friday, reaching $12.33. The company's stock had a trading volume of 180,786 shares, compared to its average volume of 279,734. Titan International, Inc. has a 1-year low of $9.23 and a 1-year high of $15.33. The company has a market cap of $747.75 million, a P/E ratio of 9.86 and a beta of 2.09. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.37 and a current ratio of 2.35. The firm's 50-day moving average is $13.33 and its two-hundred day moving average is $13.42.

Titan International (NYSE:TWI - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.06. Titan International had a net margin of 4.32% and a return on equity of 22.57%. The company had revenue of $390.20 million during the quarter, compared to analysts' expectations of $418.05 million. On average, research analysts predict that Titan International, Inc. will post 1.42 earnings per share for the current year.

Insider Transactions at Titan International

In other news, CAO Anthony Eheli sold 2,500 shares of the company's stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $12.42, for a total value of $31,050.00. Following the sale, the chief accounting officer now owns 52,918 shares of the company's stock, valued at approximately $657,241.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 18.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, TheStreet cut shares of Titan International from a "b-" rating to a "c" rating in a research note on Thursday, February 29th.

About Titan International

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.