Thrivent Financial For Lutherans boosted its holdings in shares of Titan International, Inc. (NYSE:TWI) by 7.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,170 shares of the industrial products company’s stock after buying an additional 1,940 shares during the period. Thrivent Financial For Lutherans’ holdings in Titan International were worth $350,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TWI. State of Alaska Department of Revenue raised its holdings in Titan International by 94.8% during the second quarter. State of Alaska Department of Revenue now owns 9,447 shares of the industrial products company’s stock worth $113,000 after buying an additional 4,597 shares during the last quarter. Mason Street Advisors LLC raised its holdings 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 worth $116,000 after buying an additional 1,696 shares during the last quarter. Stifel Financial Corp raised its holdings 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 worth $119,000 after buying an additional 104 shares during the last quarter. IndexIQ Advisors LLC raised its holdings in Titan International by 0.6% during the second quarter. IndexIQ Advisors LLC now owns 11,723 shares of the industrial products company’s stock worth $141,000 after buying an additional 66 shares during the last quarter. Finally, Westpac Banking Corp acquired a new position in Titan International during the second quarter worth $152,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Shares of Titan International, Inc. (TWI) opened at 9.70 on Friday. The company’s market cap is $579.09 million. Titan International, Inc. has a 1-year low of $7.97 and a 1-year high of $14.23. The stock has a 50 day moving average of $9.73 and a 200 day moving average of $10.52.

Titan International (NYSE:TWI) last posted its quarterly earnings results on Thursday, August 3rd. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.18). The company had revenue of $364.40 million during the quarter, compared to analysts’ expectations of $352.13 million. Titan International had a negative return on equity of 10.79% and a negative net margin of 3.23%. Titan International’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) EPS. On average, equities analysts forecast that Titan International, Inc. will post ($0.53) EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Thursday, September 28th. Titan International’s dividend payout ratio is presently -2.44%.

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Several research analysts have weighed in on TWI shares. TheStreet upgraded shares of Titan International from a “d+” rating to a “c-” rating in a report on Friday, June 30th. BidaskClub upgraded shares of Titan International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research lowered shares of Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. ValuEngine lowered shares of Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $10.50 target price on shares of Titan International in a research note on Friday, October 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $12.75.

About Titan International

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.

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

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