Titan International (NYSE:TWI) Trading 7.6% Higher - What's Next?

Key Points

• Titan International shares rose 7.6% to about $8.22, outperforming its previous close despite trading volume running 76% below average.
• Analyst sentiment remains mixed, with ratings ranging from Buy to Sell; the consensus is Hold with an average price target of $13.00.
• Titan beat quarterly earnings expectations with $0.10 EPS versus a projected $0.05 loss and revenue of $484.77 million, while institutional investors own approximately 80.39% of the stock.

Titan International, Inc. (NYSE:TWI - Get Free Report) shares shot up 7.6% on Friday . The stock traded as high as $8.18 and last traded at $8.22. 174,014 shares were traded during mid-day trading, a decline of 76% from the average session volume of 736,548 shares. The stock had previously closed at $7.64.

Analyst Ratings Changes

A number of analysts recently commented on TWI shares. Wall Street Zen upgraded shares of Titan International from a "sell" rating to a "hold" rating in a research note on Sunday, May 10th. DA Davidson reissued a "buy" rating and set a $13.00 target price on shares of Titan International in a report on Friday, June 12th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Titan International in a research report on Monday, July 20th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $13.00.

Titan International Stock Performance

The business's fifty day moving average price is $7.35 and its 200-day moving average price is $7.78. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.11 and a quick ratio of 1.15. The stock has a market capitalization of $527.61 million, a PE ratio of -6.76 and a beta of 1.46.

Titan International (NYSE:TWI - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.15. Titan International had a negative net margin of 4.11% and a negative return on equity of 1.56%. The company had revenue of $484.77 million during the quarter, compared to analysts' expectations of $480.06 million. As a group, equities research analysts expect that Titan International, Inc. will post -0.12 EPS for the current year.

Institutional Trading of Titan International

Several institutional investors and hedge funds have recently modified their holdings of the business. Aip LLC bought a new position in shares of Titan International in the second quarter worth approximately $68,468,485. Donald Smith & CO. Inc. bought a new stake in Titan International during the second quarter valued at approximately $40,936,000. BlackRock Inc. purchased a new position in Titan International in the 2nd quarter worth approximately $35,922,000. Vanguard Group Inc. increased its holdings in shares of Titan International by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,527,269 shares of the industrial products company's stock worth $26,666,000 after buying an additional 12,630 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Titan International by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,426,873 shares of the industrial products company's stock worth $23,678,000 after buying an additional 204,589 shares during the last quarter. Hedge funds and other institutional investors own 80.39% of the company's stock.

About Titan International

Titan International, Inc is a leading global manufacturer of wheels, tires and undercarriage systems designed for off-highway vehicles. The company serves a diverse range of markets including agricultural, construction, earthmoving and consumer segments. Titan's product portfolio encompasses a variety of tire sizes and tread designs, steel and cast centers, wheels, tracks and complete wheel‐and‐tire assemblies tailored to meet the needs of tractors, combines, skid steers, loaders, haul trucks and other specialized equipment.

In addition to original equipment manufacturing, Titan provides extensive aftermarket support through its network of distributors and sales offices.

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