Titan International Inc (NYSE:TWI) CFO David A. Martin bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The stock was acquired at an average cost of $7.21 per share, with a total value of $144,200.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Titan International stock opened at $7.24 on Friday. The firm has a market capitalization of $438.45 million, a P/E ratio of -14.78 and a beta of 1.62. Titan International Inc has a 1-year low of $6.71 and a 1-year high of $14.53. The company has a quick ratio of 1.14, a current ratio of 2.05 and a debt-to-equity ratio of 1.37.

Titan International (NYSE:TWI) last announced its quarterly earnings results on Friday, August 3rd. The industrial products company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). The firm had revenue of $428.90 million during the quarter, compared to analyst estimates of $427.32 million. Titan International had a negative net margin of 1.47% and a positive return on equity of 3.38%. The business’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.17) EPS. research analysts anticipate that Titan International Inc will post 0.23 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 16th. Shareholders of record on Friday, June 29th were paid a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Thursday, June 28th. Titan International’s dividend payout ratio is currently -4.08%.

A number of research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Titan International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 26th. ValuEngine downgraded shares of Titan International from a “hold” rating to a “sell” rating in a research report on Thursday, June 21st. William Blair downgraded shares of Titan International from an “outperform” rating to a “market perform” rating and set a $21.00 target price for the company. in a research report on Friday, August 3rd. Finally, Jefferies Financial Group decreased their target price on shares of Titan International from $12.00 to $8.50 and set a “hold” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $14.50.

A number of hedge funds have recently made changes to their positions in TWI. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Titan International in the second quarter valued at $113,000. Bayesian Capital Management LP acquired a new stake in Titan International in the first quarter valued at $130,000. Dynamic Technology Lab Private Ltd acquired a new stake in Titan International in the first quarter valued at $141,000. OMERS ADMINISTRATION Corp acquired a new stake in Titan International in the first quarter valued at $165,000. Finally, SG Americas Securities LLC acquired a new stake in Titan International in the second quarter valued at $189,000. Hedge funds and other institutional investors own 86.19% of the company’s stock.

Titan International Company Profile

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles in the United States and internationally. It operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.

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