Magnus Financial Group LLC acquired a new position in shares of Titan International Inc (NYSE:TWI) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 12,636 shares of the industrial products company’s stock, valued at approximately $59,000.

A number of other institutional investors have also recently made changes to their positions in TWI. Flinton Capital Management LLC lifted its holdings in shares of Titan International by 92.2% in the fourth quarter. Flinton Capital Management LLC now owns 7,514 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 3,604 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Titan International in the third quarter worth about $111,000. SG Americas Securities LLC lifted its holdings in shares of Titan International by 71.7% in the fourth quarter. SG Americas Securities LLC now owns 17,357 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 7,246 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Titan International by 3,853.9% in the third quarter. PNC Financial Services Group Inc. now owns 18,425 shares of the industrial products company’s stock worth $137,000 after acquiring an additional 17,959 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new position in shares of Titan International in the fourth quarter worth about $89,000. Hedge funds and other institutional investors own 83.99% of the company’s stock.

Shares of NYSE TWI opened at $5.12 on Friday. The company has a market capitalization of $306.92 million, a P/E ratio of 18.96 and a beta of 1.71. Titan International Inc has a 1 year low of $4.35 and a 1 year high of $13.85. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.08 and a quick ratio of 1.02.

Titan International (NYSE:TWI) last issued its quarterly earnings data on Thursday, March 7th. The industrial products company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.16). The business had revenue of $363.10 million during the quarter, compared to the consensus estimate of $385.08 million. Titan International had a net margin of 0.14% and a return on equity of 2.49%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the business earned ($0.10) EPS. Analysts forecast that Titan International Inc will post 0.65 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $0.005 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.39%. Titan International’s dividend payout ratio (DPR) is presently 7.41%.

A number of research analysts have recently commented on the stock. TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. Zacks Investment Research lowered shares of Titan International from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. ValuEngine upgraded shares of Titan International from a “strong sell” rating to a “sell” rating in a report on Thursday, March 7th. Finally, Sidoti set a $10.00 price objective on shares of Titan International and gave the company a “buy” rating in a report on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Titan International currently has a consensus rating of “Hold” and an average target price of $11.44.

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Titan International Company Profile

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, and internationally. The company operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.

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

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