Legal & General Group Plc raised its position in shares of Titan International, Inc. (NYSE:TWI) by 9.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,142 shares of the industrial products company’s stock after buying an additional 7,126 shares during the quarter. Legal & General Group Plc owned 0.14% of Titan International worth $1,034,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Stifel Financial Corp lifted its stake in Titan International by 0.9% during the first quarter. Stifel Financial Corp now owns 11,363 shares of the industrial products company’s stock valued at $119,000 after buying an additional 104 shares in the last quarter. Texas Permanent School Fund lifted its stake in Titan International by 0.5% during the second quarter. Texas Permanent School Fund now owns 35,280 shares of the industrial products company’s stock valued at $424,000 after buying an additional 188 shares in the last quarter. Arizona State Retirement System lifted its stake in Titan International by 1.3% during the first quarter. Arizona State Retirement System now owns 22,831 shares of the industrial products company’s stock valued at $236,000 after buying an additional 300 shares in the last quarter. Mason Street Advisors LLC lifted its stake in Titan International by 17.7% during the first quarter. Mason Street Advisors LLC now owns 11,264 shares of the industrial products company’s stock valued at $116,000 after buying an additional 1,696 shares in the last quarter. Finally, Comerica Bank lifted its stake in Titan International by 4.3% during the first quarter. Comerica Bank now owns 48,382 shares of the industrial products company’s stock valued at $527,000 after buying an additional 1,974 shares in the last quarter. 86.09% of the stock is owned by institutional investors.

TWI has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Titan International from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Friday, June 30th. TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a research note on Friday, June 30th. BidaskClub raised shares of Titan International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, ValuEngine lowered shares of Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $14.00.

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Shares of Titan International, Inc. (NYSE:TWI) opened at 10.15 on Friday. Titan International, Inc. has a 52-week low of $7.97 and a 52-week high of $14.23. The stock’s market capitalization is $605.96 million. The stock has a 50 day moving average of $9.34 and a 200-day moving average of $10.66.

Titan International (NYSE:TWI) last released its quarterly earnings data on Thursday, August 3rd. The industrial products company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.18). Titan International had a negative net margin of 3.23% and a negative return on equity of 10.79%. The business had revenue of $364.40 million for the quarter, compared to the consensus estimate of $352.13 million. During the same quarter last year, the firm earned ($0.04) EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities research analysts predict that Titan International, Inc. will post ($0.26) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Thursday, September 28th. Titan International’s dividend payout ratio (DPR) is presently -2.44%.

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.

Institutional Ownership by Quarter for Titan International (NYSE:TWI)

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