142,551 Shares in Titan International, Inc. $TWI Bought by TritonPoint Partners LLC

TritonPoint Partners LLC acquired a new position in shares of Titan International, Inc. (NYSE:TWI) in the fourth quarter, HoldingsChannel reports. The fund acquired 142,551 shares of the industrial products company’s stock, valued at approximately $1,116,000.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP bought a new position in Titan International during the third quarter worth about $27,000. Russell Investments Group Ltd. lifted its holdings in Titan International by 22,000.0% during the third quarter. Russell Investments Group Ltd. now owns 4,199 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 4,180 shares in the last quarter. Quantbot Technologies LP bought a new position in Titan International during the second quarter worth about $46,000. Tower Research Capital LLC TRC lifted its holdings in Titan International by 191.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,189 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 3,410 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in Titan International by 2,953.5% during the second quarter. Osaic Holdings Inc. now owns 7,817 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 7,561 shares in the last quarter. Institutional investors and hedge funds own 80.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Titan International in a report on Wednesday, April 22nd. Wall Street Zen upgraded Titan International from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Finally, DA Davidson reiterated a “buy” rating and set a $13.00 target price on shares of Titan International in a report on Friday. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.00.

Titan International Stock Performance

TWI stock opened at $7.72 on Monday. The firm has a market cap of $496.81 million, a PE ratio of -5.63 and a beta of 1.45. The business’s 50-day moving average price is $7.73 and its two-hundred day moving average price is $8.38. Titan International, Inc. has a 1-year low of $6.43 and a 1-year high of $11.70. The company has a current ratio of 2.19, a quick ratio of 1.22 and a debt-to-equity ratio of 1.15.

Titan International (NYSE:TWI) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.39). The firm had revenue of $505.07 million during the quarter, compared to the consensus estimate of $497.23 million. Titan International had a negative net margin of 4.72% and a negative return on equity of 3.00%. As a group, research analysts forecast that Titan International, Inc. will post -0.09 earnings per share for the current year.

Titan International Profile

Titan International, Inc is a leading global manufacturer of wheels, tires and undercarriage systems designed for off-highway vehicles. The company serves a diverse range of markets including agricultural, construction, earthmoving and consumer segments. Titan’s product portfolio encompasses a variety of tire sizes and tread designs, steel and cast centers, wheels, tracks and complete wheel‐and‐tire assemblies tailored to meet the needs of tractors, combines, skid steers, loaders, haul trucks and other specialized equipment.

In addition to original equipment manufacturing, Titan provides extensive aftermarket support through its network of distributors and sales offices.