Shares of Titan International, Inc. (NYSE:TWI - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.38 and traded as high as $8.82. Titan International shares last traded at $8.48, with a volume of 1,337,192 shares trading hands.
Analyst Ratings Changes
TWI has been the subject of several recent research reports. DA Davidson raised their target price on shares of Titan International from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Noble Financial assumed coverage on Titan International in a research report on Wednesday, June 4th. They set an "outperform" rating and a $11.00 price target on the stock. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $11.33.
Read Our Latest Stock Report on Titan International
Titan International Stock Performance
The company has a market capitalization of $508.64 million, a price-to-earnings ratio of -25.68 and a beta of 1.85. The firm has a fifty day simple moving average of $8.82 and a 200 day simple moving average of $8.37. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.35 and a quick ratio of 1.27.
Titan International (NYSE:TWI - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). Titan International had a negative net margin of 1.24% and a negative return on equity of 1.62%. The business had revenue of $460.83 million for the quarter, compared to analysts' expectations of $483.84 million. Titan International has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Titan International, Inc. will post 0.03 earnings per share for the current fiscal year.
Insider Transactions at Titan International
In other news, Director Richard M. Cashin, Jr. sold 212,398 shares of the firm's stock in a transaction that occurred on 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 transaction, the director owned 176,461 shares in the company, valued at $1,824,606.74. This trade represents a 54.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 32.50% of the company's stock.
Hedge Funds Weigh In On Titan International
Several hedge funds and other institutional investors have recently modified their holdings of TWI. AlphaQuest LLC acquired a new stake in shares of Titan International in the 2nd quarter worth $43,000. Quantbot Technologies LP acquired a new stake in shares of Titan International during the 2nd quarter worth approximately $46,000. Brooklyn Investment Group raised its position in shares of 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 valued at $50,000 after buying an additional 5,506 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Titan International by 191.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,189 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 3,410 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in Titan International by 2,953.5% in the second quarter. Osaic Holdings Inc. now owns 7,817 shares of the industrial products company's stock valued at $80,000 after acquiring an additional 7,561 shares during the last quarter. 80.39% of the stock is owned by hedge funds and other institutional investors.
About Titan International
(
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.
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