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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 Ratio7.75
Forward P/E Ratio7.07
P/E Growth0.87
Sales & Book Value
Annual Sales$1.99 billion
Price / Sales0.30
Cash Flow$7.5777 per share
Price / Cash3.86
Book Value$14.16 per share
Price / Book2.07
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 paid 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 of this dividend is Wednesday, May 9th. View Tower International's Dividend History.
How were Tower International's earnings last quarter?
Tower International Inc (NYSE:TOWR) issued its quarterly earnings data on Thursday, May, 3rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.02. The auto parts company earned $563.51 million during the quarter, compared to analysts' expectations of $546.67 million. Tower International had a net margin of 2.32% and a return on equity of 28.77%. The company's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous 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 EPS guidance of approx $4.10 for the period, compared to the Thomson Reuters consensus 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?
4 brokers have issued 12 month price targets for Tower International's stock. Their predictions range from $31.00 to $41.00. On average, they expect Tower International's stock price to reach $37.3333 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?
Media coverage about TOWR stock has trended somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Tower International earned a news sentiment score of 0.04 on Accern's scale. They also gave media coverage about the auto parts company an impact score of 44.40 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Tower International's major shareholders?
Tower International's stock is owned by a variety of of retail and institutional 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 major 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 major 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 $29.25.
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) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
4 Wall Street analysts have issued ratings and price targets for Tower International in the last 12 months. Their average twelve-month price target is $37.3333, suggesting that the stock has a possible upside of 27.64%. The high price target for TOWR is $41.00 and the low price target for TOWR is $31.00. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.75 | 2.67 | 2.67 | 2.67 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $37.3333 | $35.50 | $35.50 | $35.00 |
| Price Target Upside: | 27.64% upside | 30.51% upside | 30.51% upside | 11.82% upside |
Tower International (NYSE:TOWR) Consensus Price Target History
Tower International (NYSE:TOWR) Analyst Ratings History
Show:
(Data available from 5/24/2016 forward)
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)
6.33% (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: 6.20%
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 Thursday, May, 24, 2018
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