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About Tower International (NYSE:TOWR)
Tower International, Inc. manufactures and sells engineered automotive structural metal components and assemblies primarily for original equipment manufacturers. It operates in two segments, North America and Europe. The company provides body structures and assemblies, including structural metal components, which comprise body pillars, roof rails, and side sills; and Class A surfaces and assemblies that consist of body sides, hoods, doors, fenders, and pickup truck boxes. It also offers lower vehicle frames and structures, such as pickup truck and sport utility vehicle (SUV) full frames, automotive engine and rear suspension cradles, floor pan components, and cross members. In addition, the company offers complex body-in-white assemblies comprising various components and sub-assemblies. Its products have applications in small and large cars, crossovers, pickups, and SUVs. The company was formerly known as Tower Automotive, LLC and changed its name to Tower International, Inc. in October 2010. Tower International, Inc. was founded in 1993 and is headquartered in Livonia, Michigan.
Industry, Sector and Symbol
Industry Motor vehicle parts & accessories
Sub-IndustryAuto Parts & Equipment
SectorAuto/Tires/Trucks
SymbolNYSE:TOWR
CUSIP89182610
Phone248-675-6000
Debt
Debt-to-Equity Ratio1.18
Current Ratio1.12
Quick Ratio0.97
Price-To-Earnings
Trailing P/E Ratio7.77
Forward P/E Ratio7.05
P/E Growth0.87
Sales & Book Value
Annual Sales$1.99 billion
Price / Sales0.30
Cash Flow$7.5648 per share
Price / Cash3.86
Book Value$13.15 per share
Price / Book2.22
Profitability
EPS (Most Recent Fiscal Year)$3.76
Net Income$47.62 million
Net Margins2.32%
Return on Equity28.77%
Return on Assets6.15%
Miscellaneous
Employees7,600
Outstanding Shares20,590,000
Tower International (NYSE:TOWR) Frequently Asked Questions
What is Tower International's stock symbol?
Tower International trades on the New York Stock Exchange (NYSE) under the ticker symbol "TOWR."
How often does Tower International pay dividends? What is the dividend yield for Tower International?
Tower International announced a quarterly dividend on Thursday, April 19th. Stockholders of record on Thursday, May 10th will be given a dividend of $0.12 per share on Friday, June 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Wednesday, May 9th. View Tower International's Dividend History.
How were Tower International's earnings last quarter?
Tower International Inc (NYSE:TOWR) released its quarterly earnings data on Thursday, May, 3rd. The auto parts company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.80 by $0.02. The auto parts company had revenue of $563.51 million for the quarter, compared to analyst estimates of $546.67 million. Tower International had a net margin of 2.32% and a return on equity of 28.77%. The firm's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share. View Tower International's Earnings History.
When is Tower International's next earnings date?
What guidance has Tower International issued on next quarter's earnings?
Tower International issued an update on its FY18 earnings guidance on Thursday, May, 3rd. The company provided earnings per share (EPS) guidance of approx $4.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.17. The company issued revenue guidance of approx $2.15 billion, compared to the consensus revenue estimate of $2.15 billion.Tower International also updated its Q2 guidance to approx $1.08 EPS.
What price target have analysts set for TOWR?
3 brokerages have issued 12 month target prices for Tower International's shares. Their predictions range from $31.00 to $40.00. On average, they expect Tower International's stock price to reach $35.50 in the next year. View Analyst Ratings for Tower International.
Who are some of Tower International's key competitors?
Some companies that are related to Tower International include LCI Industries (LCII), Dorman Products (DORM), Meritor (MTOR), American Axle (AXL), Gentherm (THRM), Iochpe-Maxion (IOCJY), Standard Motor Products (SMP), Modine Manufacturing (MOD), Stoneridge (SRI), Lydall (LDL), Superior Industries International (SUP), Motorcar Parts of America (MPAA), Commercial Vehicle Group (CVGI), Horizon Global (HZN) and China Automotive Systems (CAAS).
Who are Tower International's key executives?
Tower International's management team includes the folowing people:
- Mr. James C. Gouin, Chief Exec. Officer and Director (Age 58)
- Mr. Pär O. H. Malmhagen, Pres (Age 55)
- Mr. Jeffrey L. Kersten, Exec. VP & CFO (Age 50)
- Mr. Michael M. Rajkovic, Exec. VP & COO (Age 56)
- Mr. Gregory B. Guastella, Chief Accounting Officer (Age 35)
Has Tower International been receiving favorable news coverage?
News headlines about TOWR stock have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tower International earned a coverage optimism score of 0.07 on Accern's scale. They also assigned news headlines about the auto parts company an impact score of 47.10 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are Tower International's major shareholders?
Tower International's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.82%), Dimensional Fund Advisors LP (6.23%), LSV Asset Management (5.31%), Towle & Co. (4.87%), Prudential Financial Inc. (2.32%) and Thrivent Financial for Lutherans (1.92%). Company insiders that own Tower International stock include James C Gouin, Michael Rajkovic, Nicholas D Chabraja, Thomas K Brown and William Cook. View Institutional Ownership Trends for Tower International.
Which institutional investors are selling Tower International stock?
TOWR stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Thrivent Financial for Lutherans, Allianz Asset Management GmbH, Russell Investments Group Ltd., Citadel Advisors LLC, GSA Capital Partners LLP and California Public Employees Retirement System. View Insider Buying and Selling for Tower International.
Which institutional investors are buying Tower International stock?
TOWR stock was purchased by a variety of institutional investors in the last quarter, including Matarin Capital Management LLC, Alambic Investment Management L.P., Millennium Management LLC, Dimensional Fund Advisors LP, Mutual Advisors LLC, Schwab Charles Investment Management Inc., Hodges Capital Management Inc. and Prudential Financial Inc.. Company insiders that have bought Tower International stock in the last two years include James C Gouin, Nicholas D Chabraja and Thomas K Brown. View Insider Buying and Selling for Tower International.
How do I buy shares of Tower International?
Shares of TOWR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Tower International's stock price today?
One share of TOWR stock can currently be purchased for approximately $29.20.
How big of a company is Tower International?
Tower International has a market capitalization of $595.20 million and generates $1.99 billion in revenue each year. The auto parts company earns $47.62 million in net income (profit) each year or $3.76 on an earnings per share basis. Tower International employs 7,600 workers across the globe.
How can I contact Tower International?
Tower International's mailing address is 17672 LAUREL PARK DRIVE NORTH SUITE 400E, LIVONIA MI, 48152. The auto parts company can be reached via phone at 248-675-6000 or via email at [email protected]
MarketBeat Community Rating for Tower International (TOWR)
MarketBeat's community ratings are surveys of what our community members think about Tower International and other stocks. Vote "Outperform" if you believe TOWR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TOWR will underperform the S&P 500 over the long term. You may vote once every thirty days.
Tower International (NYSE:TOWR) Dividend Information
Tower International pays an annual dividend of $0.48 per share, with a dividend yield of 1.64%. TOWR's next quarterly dividend payment will be made on Friday, June 8. Tower International pays out 12.77% of its earnings out as a dividend.
| Next Dividend: | 6/8/2018 |
| Annual Dividend: | $0.48 |
| Dividend Yield: | 1.64% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio(s): | 12.77% (Trailing 12 Months of Earnings)
11.59% (Based on This Year's Estimates)
10.88% (Based on Next Year's Estimates)
6.35% (Based on Cash Flow)
|
| Track Record: | 2 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Tower International (NYSE:TOWR) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/19/2018 | quarterly | $0.12 | 1.63% | 5/9/2018 | 5/10/2018 | 6/8/2018 |
| 1/26/2018 | quarterly | $0.12 | 1.73% | 2/8/2018 | 2/9/2018 | 2/28/2018 |
| 10/20/2017 | quarterly | $0.12 | 1.75% | 11/9/2017 | 11/10/2017 | 12/8/2017 |
| 7/21/2017 | quarterly | $0.11 | 1.99% | 8/8/2017 | 8/10/2017 | 9/8/2017 |
| 4/21/2017 | quarterly | $0.11 | 1.67% | 5/8/2017 | 5/10/2017 | 6/9/2017 |
| 1/27/2017 | quarterly | $0.11 | 1.69% | 2/8/2017 | 2/10/2017 | 2/28/2017 |
| 10/21/2016 | quarterly | $0.11 | 1.93% | 11/8/2016 | 11/10/2016 | 12/9/2016 |
| 7/22/2016 | quarterly | $0.10 | 1.81% | 8/8/2016 | 8/10/2016 | 9/9/2016 |
| 4/22/2016 | quarterly | $0.10 | 1.46% | 5/6/2016 | 5/10/2016 | 6/10/2016 |
| 1/29/2016 | quarterly | $0.10 | | 2/8/2016 | 2/10/2016 | 2/29/2016 |
| 10/16/2015 | quarterly | $0.10 | | 11/6/2015 | 11/10/2015 | 12/10/2015 |
(Data available from 1/1/2013 forward)
Tower International (NYSE TOWR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 6.10%
Institutional Ownership Percentage: 90.68%
Tower International (NYSE TOWR) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 11/6/2017 | William Cook | SVP | Sell | 6,601 | $31.87 | $210,373.87 | 11,917 |  |
| 2/17/2017 | Michael Rajkovic | COO | Sell | 60,000 | $28.07 | $1,684,200.00 | 15,312 | |
| 6/28/2016 | James C Gouin | CFO | Buy | 2,500 | $19.66 | $49,150.00 | 110,212 | |
| 6/28/2016 | Thomas K Brown | Director | Buy | 6,390 | $19.70 | $125,883.00 | 6,390 | |
| 5/25/2016 | Nicholas D Chabraja | Director | Buy | 4,000 | $21.03 | $84,120.00 | 8,000 | |
| 8/18/2014 | James Bernard | Insider | Sell | 18,218 | $34.09 | $621,051.62 | | |
| 6/9/2014 | Paer Malmhagen | Insider | Sell | 5,161 | $32.96 | $170,106.56 | | |
| 6/5/2014 | Paul Eugene Radkoski | SVP | Sell | 24,717 | $31.03 | $766,968.51 | | |
| 5/28/2014 | William Cook | SVP | Sell | 29,205 | $30.80 | $899,514.00 | | |
| 5/9/2014 | Paul Eugene Radkoski | SVP | Sell | 4,332 | $27.80 | $120,429.60 | | |
| 5/2/2014 | James Bernard | Insider | Sell | 22,543 | $28.52 | $642,926.36 | | |
| 2/18/2014 | Jeffrey Kersten | SVP | Sell | 10,000 | $25.00 | $250,000.00 | 20,438 | |
| 11/8/2013 | Stephen Feinberg | major shareholder | Sell | 3,450,000 | $20.10 | $69,345,000.00 | | |
| 9/9/2013 | William Cook | SVP | Sell | 15,058 | $21.50 | $323,747.00 | | |
| 9/5/2013 | James C Gouin | CFO | Sell | 10,600 | $21.50 | $227,900.00 | | |
| 8/26/2013 | James Gouin | CFO | Sell | 14,400 | $21.50 | $309,600.00 | 84,557 | |
| 8/14/2013 | James Gouin | CFO | Sell | 36,000 | $21.57 | $776,520.00 | 98,957 | |
| 8/12/2013 | James Gouin | CFO | Sell | 14,000 | $21.57 | $301,980.00 | 134,957 | |
| 8/2/2013 | James Bernard | Insider | Sell | 11,608 | $22.50 | $261,180.00 | | |
| 8/2/2013 | Michael Rajkovic | COO | Sell | 85,535 | $22.11 | $1,891,178.85 | | |
| 7/30/2013 | Stephen Feinberg | Major Shareholder | Sell | 7,888,122 | $20.24 | $159,655,589.28 | | |
| 7/26/2013 | James Bernard | Insider | Sell | 3,513 | $21.00 | $73,773.00 | | |
| 6/7/2013 | Jeffrey L Kersten | SVP | Sell | 4,000 | $19.00 | $76,000.00 | | |
| 6/7/2013 | Paer Malmhagen | Insider | Sell | 5,760 | $19.01 | $109,497.60 | | |
| 6/4/2013 | Michael Rajkovic | COO | Sell | 149,194 | $18.65 | $2,782,468.10 | | |
| 5/31/2013 | Jeffrey L Kersten | SVP | Sell | 14,517 | $19.08 | $276,984.36 | | |
| 5/30/2013 | Paul Eugene Radkoski | SVP | Sell | 38,079 | $18.87 | $718,550.73 | | |
| 9/17/2012 | Nicholas D Chabraja | Director | Buy | 2,000 | $8.01 | $16,020.00 | | |
| 9/6/2012 | Mark Malcolm | CEO | Buy | 74,451 | $7.18 | $534,558.18 | | |
| 8/15/2012 | Frank E Jr. English | Director | Buy | 1,000 | $8.45 | $8,450.00 | | |
(Data available from 1/1/2013 forward)
Tower International (NYSE TOWR) News Headlines
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Tower International (NYSE:TOWR) SEC Filings
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Tower International (NYSE:TOWR) Income Statement, Balance Sheet and Cash Flow Statement
Tower International (NYSE TOWR) Stock Chart for Tuesday, May, 22, 2018
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