Titan International (NYSE:TWI) Hits New 12-Month High - Should You Buy?

Shares of Titan International, Inc. (NYSE:TWI - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $10.57 and last traded at $10.44, with a volume of 1840554 shares traded. The stock had previously closed at $9.22.

Analyst Ratings Changes

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

Titan International Price Performance

The stock has a market cap of $664.71 million, a price-to-earnings ratio of -49.69 and a beta of 1.95. The company has a current ratio of 2.26, a quick ratio of 1.25 and a debt-to-equity ratio of 1.06. The company's fifty day moving average is $7.78 and its two-hundred day moving average is $7.84.

Titan International (NYSE:TWI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.01 earnings per share 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 analyst estimates of $466.86 million. As a group, research analysts predict that Titan International, Inc. will post 0.03 earnings per share for the current year.

Insider Buying and Selling at Titan International

In other Titan International news, CAO Anthony Eheli sold 25,000 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 45,276 shares in the company, valued at $418,350.24. This represents a 35.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 25.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Titan International

Large investors have recently modified their holdings of the stock. Brooklyn Investment Group grew its stake in Titan International by 1,286.4% during the 1st quarter. Brooklyn Investment Group now owns 5,934 shares of the industrial products company's stock worth $50,000 after purchasing an additional 5,506 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Titan International during the fourth quarter worth about $54,000. First Trust Advisors LP purchased a new stake in shares of Titan International during the fourth quarter worth approximately $74,000. Balyasny Asset Management L.P. purchased a new stake in shares of Titan International during the fourth quarter worth approximately $74,000. Finally, Miller Financial Services LLC acquired a new stake in Titan International in the fourth quarter valued at approximately $85,000. Hedge funds and other institutional investors own 80.39% of the company's stock.

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.