Titan International (NYSE:TWI) Trading Up 6.1% – What’s Next?

Titan International, Inc. (NYSE:TWI)’s share price was up 6.1% during trading on Thursday . The stock traded as high as $9.14 and last traded at $9.11. Approximately 136,515 shares were traded during trading, a decline of 73% from the average daily volume of 506,882 shares. The stock had previously closed at $8.59.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TWI. Weiss Ratings reiterated a “sell (e+)” rating on shares of Titan International in a research note on Monday, December 29th. Wall Street Zen upgraded Titan International from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.33.

Titan International Stock Performance

The company has a market cap of $598.51 million, a P/E ratio of -93.05 and a beta of 1.41. The company has a quick ratio of 1.25, a current ratio of 2.28 and a debt-to-equity ratio of 0.97. The company has a 50 day moving average price of $8.32 and a 200-day moving average price of $8.31.

Titan International (NYSE:TWI) last announced its earnings results on Wednesday, November 5th. The industrial products company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.07. Titan International had a positive return on equity of 1.38% and a negative net margin of 0.34%.The firm had revenue of $466.47 million for the quarter, compared to analysts’ expectations of $458.74 million. Equities analysts expect that Titan International, Inc. will post 0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Titan International

Institutional investors have recently bought and sold shares of the business. First Eagle Investment Management LLC grew its stake in shares of Titan International by 0.3% in the 3rd quarter. First Eagle Investment Management LLC now owns 622,251 shares of the industrial products company’s stock valued at $4,704,000 after buying an additional 2,000 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Titan International by 8.5% in the second quarter. State of Alaska Department of Revenue now owns 28,842 shares of the industrial products company’s stock valued at $295,000 after acquiring an additional 2,253 shares during the last quarter. Prudential Financial Inc. grew its position in Titan International by 6.3% in the second quarter. Prudential Financial Inc. now owns 52,026 shares of the industrial products company’s stock worth $534,000 after acquiring an additional 3,085 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Titan International by 191.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,189 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 3,410 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Titan International during the 3rd quarter valued at $27,000. 80.39% of the stock is currently owned by institutional investors and hedge funds.

About Titan International

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.