Victory Capital Management Inc. raised its position in Titan International, Inc. (NYSE:TWI) by 1.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 117,366 shares of the industrial products company’s stock after buying an additional 1,260 shares during the quarter. Victory Capital Management Inc. owned about 0.20% of Titan International worth $1,410,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Thrivent Financial For Lutherans increased its stake in Titan International by 16.0% in the 1st quarter. Thrivent Financial For Lutherans now owns 27,230 shares of the industrial products company’s stock valued at $282,000 after buying an additional 3,750 shares during the period. Fishman Jay A Ltd. MI increased its stake in Titan International by 2.1% in the 1st quarter. Fishman Jay A Ltd. MI now owns 2,730,882 shares of the industrial products company’s stock valued at $28,237,000 after buying an additional 55,095 shares during the period. Prudential Financial Inc. increased its stake in Titan International by 10.2% in the 1st quarter. Prudential Financial Inc. now owns 118,945 shares of the industrial products company’s stock valued at $1,230,000 after buying an additional 11,033 shares during the period. Comerica Bank increased its stake in Titan International by 4.3% in the 1st quarter. Comerica Bank now owns 48,382 shares of the industrial products company’s stock valued at $527,000 after buying an additional 1,974 shares during the period. Finally, State of Tennessee Treasury Department grew its stake in shares of Titan International by 17.8% during the 1st quarter. State of Tennessee Treasury Department now owns 41,010 shares of the industrial products company’s stock worth $424,000 after purchasing an additional 6,189 shares during the period. 86.09% of the stock is currently owned by institutional investors.

Titan International, Inc. (NYSE:TWI) opened at 9.14 on Wednesday. The stock’s 50 day moving average is $9.83 and its 200-day moving average is $10.82. The firm’s market capitalization is $545.66 million. Titan International, Inc. has a 1-year low of $7.97 and a 1-year high of $14.23.

Titan International (NYSE:TWI) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). Titan International had a negative net margin of 3.23% and a negative return on equity of 10.79%. The company had revenue of $364.40 million for the quarter, compared to the consensus estimate of $352.13 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. Titan International’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities research analysts forecast that Titan International, Inc. will post ($0.26) EPS for the current year.

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A number of equities analysts have recently weighed in on TWI shares. Zacks Investment Research raised shares of Titan International from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Friday, June 30th. TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a research note on Friday, June 30th. BidaskClub cut shares of Titan International from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, ValuEngine cut shares of Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $14.00.

About Titan International

Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.

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Institutional Ownership by Quarter for Titan International (NYSE:TWI)

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