Titan International, Inc. (NYSE:TWI) CFO James M. Froisland bought 5,000 shares of the stock in a transaction on Thursday, December 14th. The shares were acquired at an average cost of $11.65 per share, with a total value of $58,250.00. Following the acquisition, the chief financial officer now directly owns 5,000 shares in the company, valued at approximately $58,250. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Titan International, Inc. (TWI) traded up $0.07 during mid-day trading on Friday, hitting $11.79. 707,700 shares of the stock traded hands, compared to its average volume of 377,848. Titan International, Inc. has a one year low of $7.97 and a one year high of $14.23. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.22 and a quick ratio of 1.28.

Titan International (NYSE:TWI) last announced its quarterly earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, beating the 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 company had revenue of $370.99 million during the quarter, compared to analyst estimates of $331.30 million. During the same quarter in the previous year, the business earned ($0.15) EPS. The firm’s revenue was up 21.2% on a year-over-year basis. equities analysts expect that Titan International, Inc. will post -0.62 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend is Thursday, December 28th. Titan International’s dividend payout ratio (DPR) is -2.41%.

Hedge funds have recently made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new position in shares of Titan International in the 2nd quarter valued at $125,000. IndexIQ Advisors LLC grew its holdings in shares of Titan International by 0.6% in the 2nd quarter. IndexIQ Advisors LLC now owns 11,723 shares of the industrial products company’s stock valued at $141,000 after buying an additional 66 shares during the period. Westpac Banking Corp acquired a new position in shares of Titan International in the 2nd quarter valued at $152,000. Trexquant Investment LP acquired a new position in shares of Titan International in the 2nd quarter valued at $195,000. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Titan International by 28.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 19,442 shares of the industrial products company’s stock valued at $233,000 after buying an additional 4,323 shares during the period. 87.15% of the stock is owned by institutional investors.

A number of analysts have commented on the stock. Jefferies Group reaffirmed a “hold” rating and set a $10.50 target price on shares of Titan International in a report on Friday, October 6th. TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a report on Monday, November 6th. Zacks Investment Research raised shares of Titan International from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, ValuEngine raised shares of Titan International from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Titan International has an average rating of “Buy” and an average target price of $13.50.

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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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