Titan International (NYSE:TWI) Stock Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Titan shares passed above their 200-day moving average, trading as high as $8.71 vs. a 200‑day MA of $8.35 and last at $8.3650 on volume ~581,842.
• Analyst and ownership signals are mixed: consensus is a Hold with an average price target of $12 while Weiss Ratings kept a "sell," and major shareholder Aipct Holdings sold 3,041,288 shares (a ~25.5% reduction).
• The company remains unprofitable, reporting Q4 EPS of ‑$0.27 (missed by $0.01) with negative net margin and ROE, though revenue beat estimates; market cap is about $535.5M.

Shares of Titan International, Inc. (NYSE:TWI - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.35 and traded as high as $8.71. Titan International shares last traded at $8.3650, with a volume of 581,842 shares.

Analyst Ratings Changes

Several research analysts have recently weighed in on TWI shares. Weiss Ratings restated a "sell (e+)" rating on shares of Titan International in a research note on Monday, December 29th. DA Davidson set a $13.00 price objective on Titan International in a research report on Tuesday, March 3rd. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $12.00.

Titan International Stock Performance

The company has a market cap of $535.53 million, a PE ratio of -8.37 and a beta of 1.57. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.30 and a quick ratio of 1.20. The business has a 50-day moving average of $8.93 and a 200 day moving average of $8.35.

Titan International (NYSE:TWI - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The industrial products company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.01). The firm had revenue of $410.44 million for the quarter, compared to analysts' expectations of $396.86 million. Titan International had a negative net margin of 3.47% and a negative return on equity of 2.82%. Equities research analysts anticipate that Titan International, Inc. will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Aipct Holdings Llc sold 3,041,288 shares of the company's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $8.95, for a total transaction of $27,219,527.60. Following the completion of the sale, the insider owned 8,880,478 shares in the company, valued at approximately $79,480,278.10. This represents a 25.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 25.00% of the company's stock.

Institutional Trading of Titan International

A number of hedge funds and other institutional investors have recently bought and sold shares of TWI. Quarry LP purchased a new stake in Titan International in the third quarter worth about $27,000. Federated Hermes Inc. purchased a new stake in Titan International in the third quarter worth about $31,000. Byrne Asset Management LLC purchased a new stake in Titan International in the third quarter worth about $32,000. Russell Investments Group Ltd. increased its position in Titan International by 22,000.0% in the third quarter. Russell Investments Group Ltd. now owns 4,199 shares of the industrial products company's stock worth $32,000 after buying an additional 4,180 shares in the last quarter. Finally, Strs Ohio purchased a new stake in Titan International in the third quarter worth about $36,000. Hedge funds and other institutional investors own 80.39% of the company's stock.

Titan International Company Profile

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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