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.

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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.

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