LSV Asset Management Has $11.23 Million Stock Position in Titan International, Inc. (NYSE:TWI)

LSV Asset Management grew its position in shares of Titan International, Inc. (NYSE:TWI) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 754,759 shares of the industrial products company’s stock after acquiring an additional 6,059 shares during the quarter. LSV Asset Management owned about 1.22% of Titan International worth $11,231,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of TWI. SG Americas Securities LLC bought a new position in shares of Titan International during the third quarter valued at about $139,000. TD Asset Management Inc grew its position in Titan International by 12.3% during the third quarter. TD Asset Management Inc now owns 55,500 shares of the industrial products company’s stock valued at $745,000 after buying an additional 6,100 shares during the period. Teacher Retirement System of Texas raised its position in Titan International by 71.9% in the third quarter. Teacher Retirement System of Texas now owns 163,349 shares of the industrial products company’s stock worth $2,194,000 after acquiring an additional 68,343 shares during the period. Olympiad Research LP purchased a new position in Titan International in the third quarter valued at about $170,000. Finally, Islay Capital Management LLC bought a new position in shares of Titan International during the 3rd quarter valued at approximately $812,000. 80.39% of the stock is currently owned by institutional investors.

Titan International Stock Down 2.4 %

Titan International stock opened at $8.87 on Wednesday. Titan International, Inc. has a 1-year low of $8.65 and a 1-year high of $15.33. The firm has a 50 day simple moving average of $12.00 and a 200 day simple moving average of $13.17. The company has a current ratio of 2.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $645.99 million, a price-to-earnings ratio of 9.96 and a beta of 2.09.

Titan International (NYSE:TWI) last issued its earnings results on Wednesday, May 1st. The industrial products company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.15). Titan International had a return on equity of 17.27% and a net margin of 3.20%. The company had revenue of $482.21 million during the quarter, compared to the consensus estimate of $537.32 million. During the same quarter in the prior year, the business earned $0.53 EPS. On average, analysts predict that Titan International, Inc. will post 1.46 earnings per share for the current year.

Analyst Ratings Changes

Separately, TheStreet lowered Titan International from a “b-” rating to a “c” rating in a report on Thursday, February 29th.

Insider Buying and Selling

In other news, CAO Anthony Eheli sold 2,500 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $12.42, for a total value of $31,050.00. Following the transaction, the chief accounting officer now owns 52,918 shares of the company’s stock, valued at $657,241.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 32.50% of the stock is currently owned by insiders.

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.