Magnus Financial Group LLC Invests $59,000 in Titan International Inc (TWI) Stock
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.
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.
ILLEGAL ACTIVITY WARNING: “Magnus Financial Group LLC Invests $59,000 in Titan International Inc (TWI) Stock” was posted by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.watchlistnews.com/magnus-financial-group-llc-invests-59000-in-titan-international-inc-twi-stock/2897681.html.
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.
Read More: Why is cost of goods sold important?
Want to see what other hedge funds are holding TWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Titan International Inc (NYSE:TWI).
Receive News & Ratings for Titan International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan International and related companies with MarketBeat.com's FREE daily email newsletter.