Paul G. Reitz Sells 22,000 Shares of Titan International, Inc. (TWI) Stock
Titan International, Inc. (NYSE:TWI) CEO Paul G. Reitz sold 22,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $10.82, for a total value of $238,040.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Titan International, Inc. (TWI) traded up $0.01 during trading hours on Monday, hitting $11.14. The stock had a trading volume of 161,538 shares, compared to its average volume of 389,263. Titan International, Inc. has a 52-week low of $7.97 and a 52-week high of $14.23. The company has a quick ratio of 1.28, a current ratio of 2.22 and a debt-to-equity ratio of 1.17.
Titan International (NYSE:TWI) last announced its quarterly earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.03. Titan International had a negative net margin of 3.19% and a negative return on equity of 9.22%. The firm had revenue of $370.99 million during the quarter, compared to the consensus estimate of $331.30 million. During the same quarter last year, the firm earned ($0.15) EPS. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. sell-side analysts expect that Titan International, Inc. will post -0.62 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: This piece was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/11/20/paul-g-reitz-sells-22000-shares-of-titan-international-inc-twi-stock.html.
A number of hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue boosted its stake in Titan International by 94.8% in the second quarter. State of Alaska Department of Revenue now owns 9,447 shares of the industrial products company’s stock valued at $113,000 after acquiring an additional 4,597 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Titan International during the second quarter worth $125,000. IndexIQ Advisors LLC lifted its position in Titan International by 0.6% during the second quarter. IndexIQ Advisors LLC now owns 11,723 shares of the industrial products company’s stock valued at $141,000 after purchasing an additional 66 shares during the period. Westpac Banking Corp acquired a new position in Titan International during the second quarter valued at $152,000. Finally, Trexquant Investment LP acquired a new position in Titan International during the second quarter valued at $195,000. 86.81% of the stock is currently owned by institutional investors.
Several brokerages have recently commented on TWI. BidaskClub downgraded Titan International from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. TheStreet raised Titan International from a “d+” rating to a “c-” rating in a research report on Monday, November 6th. ValuEngine lowered Titan International from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Zacks Investment Research lowered Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $12.00 price objective on shares of Titan International in a research note on Sunday, November 5th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $13.50.
Titan International Company Profile
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.
Receive News & Stock Ratings for Titan International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan International Inc. and related stocks with our FREE daily email newsletter.