Titan International (NYSE:TWI) Sets New 12-Month High – Here’s Why

Titan International, Inc. (NYSE:TWI)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $11.41 and last traded at $11.10, with a volume of 435641 shares trading hands. The stock had previously closed at $11.35.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Titan International in a research note on Monday, December 29th. Wall Street Zen upgraded Titan International from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.33.

Titan International Price Performance

The stock has a market cap of $705.30 million, a P/E ratio of -110.29 and a beta of 1.50. The company’s 50 day moving average price is $8.88 and its 200-day moving average price is $8.40. The company has a quick ratio of 1.25, a current ratio of 2.28 and a debt-to-equity ratio of 0.97.

Hedge Funds Weigh In On Titan International

A number of hedge funds and other institutional investors have recently made changes to their positions in TWI. Deutsche Bank AG increased its position in shares of Titan International by 4.8% during the fourth quarter. Deutsche Bank AG now owns 41,775 shares of the industrial products company’s stock worth $327,000 after buying an additional 1,913 shares during the period. First Eagle Investment Management LLC lifted its stake in Titan International by 0.3% in the third quarter. First Eagle Investment Management LLC now owns 622,251 shares of the industrial products company’s stock valued at $4,704,000 after buying an additional 2,000 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Titan International by 6.3% during the 2nd quarter. Prudential Financial Inc. now owns 52,026 shares of the industrial products company’s stock worth $534,000 after buying an additional 3,085 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Titan International by 191.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,189 shares of the industrial products company’s stock worth $53,000 after buying an additional 3,410 shares during the period. Finally, Quarry LP bought a new stake in shares of Titan International in the 3rd quarter valued at $27,000. 80.39% of the stock is owned by institutional investors and hedge funds.

Titan International Company 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.