Titan International, Inc. (NYSE:TWI) Director Sells $659,324.50 in Stock

Titan International, Inc. (NYSE:TWI - Get Free Report) Director Richard M. Cashin, Jr. sold 63,950 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $10.31, for a total transaction of $659,324.50. Following the completion of the transaction, the director directly owned 388,859 shares in the company, valued at approximately $4,009,136.29. The trade was a 14.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Titan International Stock Performance

NYSE:TWI traded up $0.36 during trading hours on Wednesday, reaching $10.83. The stock had a trading volume of 685,745 shares, compared to its average volume of 688,832. Titan International, Inc. has a 12-month low of $5.93 and a 12-month high of $10.87. 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 has a 50 day simple moving average of $8.00 and a 200 day simple moving average of $7.89. 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 announced its quarterly earnings data 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). The firm had revenue of $490.71 million during the quarter, compared to the consensus estimate of $466.86 million. Titan International had a negative net margin of 0.83% and a negative return on equity of 0.05%. On average, research analysts forecast that Titan International, Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TWI shares. Cantor Fitzgerald began coverage on Titan International in a report on Thursday, March 20th. They issued an "overweight" rating and a $11.00 target price on the stock. Wall Street Zen upgraded Titan International from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, Noble Financial began coverage on Titan International in a research report on Wednesday, June 4th. They set an "outperform" rating and a $11.00 price target for the company.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Proficio Capital Partners LLC bought a new position in shares of Titan International in the fourth quarter worth $126,000. BNP Paribas Financial Markets increased its holdings in shares of Titan International by 90.6% in the fourth quarter. BNP Paribas Financial Markets now owns 67,380 shares of the industrial products company's stock worth $458,000 after purchasing an additional 32,023 shares during the period. ExodusPoint Capital Management LP purchased a new stake in shares of Titan International in the fourth quarter worth $236,000. Jump Financial LLC bought a new stake in Titan International during the fourth quarter valued at $116,000. Finally, Mariner LLC grew its position in Titan International by 24.2% during the fourth quarter. Mariner LLC now owns 29,020 shares of the industrial products company's stock worth $197,000 after buying an additional 5,655 shares in the last quarter. 80.39% of the stock is owned by institutional investors.

Titan International Company 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.