Donald Smith & CO. Inc. Has $27.34 Million Stock Position in Titan International, Inc. $TWI

Donald Smith & CO. Inc. boosted its position in Titan International, Inc. (NYSE:TWI) by 59.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,491,649 shares of the industrial products company’s stock after purchasing an additional 1,297,542 shares during the period. Donald Smith & CO. Inc. owned about 5.46% of Titan International worth $27,340,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of TWI. Quarry LP acquired a new stake in Titan International during the third quarter worth approximately $27,000. Federated Hermes Inc. acquired a new stake in Titan International during the third quarter worth approximately $31,000. Russell Investments Group Ltd. lifted its position in Titan International by 22,000.0% during the third quarter. Russell Investments Group Ltd. now owns 4,199 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 4,180 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Titan International during the second quarter worth approximately $46,000. Finally, Tower Research Capital LLC TRC lifted its position in Titan International by 191.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,189 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 3,410 shares during the last quarter. 80.39% of the stock is currently owned by institutional investors and hedge funds.

Titan International Stock Performance

Shares of NYSE:TWI opened at $7.23 on Thursday. The company’s 50 day simple moving average is $7.71 and its 200 day simple moving average is $8.38. The stock has a market capitalization of $465.07 million, a price-to-earnings ratio of -5.27 and a beta of 1.45. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.19 and a quick ratio of 1.22. Titan International, Inc. has a 1 year low of $6.43 and a 1 year high of $11.70.

Titan International (NYSE:TWI) last posted its earnings results on Thursday, April 30th. The industrial products company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.39). The company had revenue of $505.07 million for the quarter, compared to the consensus estimate of $497.23 million. Titan International had a negative return on equity of 3.00% and a negative net margin of 4.72%. As a group, research analysts predict that Titan International, Inc. will post -0.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. DA Davidson set a $13.00 price target on shares of Titan International in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Titan International in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.00.

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.