Titan International Inc (TWI) Given Average Recommendation of “Buy” by Brokerages
Shares of Titan International Inc (NYSE:TWI) have earned an average recommendation of “Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $14.00.
A number of equities research analysts have commented on the company. Zacks Investment Research cut Titan International from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. William Blair restated an “outperform” rating on shares of Titan International in a report on Friday, February 23rd.
Several hedge funds have recently bought and sold shares of TWI. Franklin Resources Inc. boosted its holdings in shares of Titan International by 5.0% during the fourth quarter. Franklin Resources Inc. now owns 4,452,747 shares of the industrial products company’s stock worth $57,351,000 after purchasing an additional 210,477 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Titan International during the third quarter worth $1,630,000. Dimensional Fund Advisors LP boosted its holdings in shares of Titan International by 3.9% during the third quarter. Dimensional Fund Advisors LP now owns 4,075,326 shares of the industrial products company’s stock worth $41,364,000 after purchasing an additional 152,773 shares during the last quarter. Cortina Asset Management LLC boosted its holdings in shares of Titan International by 32.0% during the third quarter. Cortina Asset Management LLC now owns 626,696 shares of the industrial products company’s stock worth $6,361,000 after purchasing an additional 152,054 shares during the last quarter. Finally, Gardner Lewis Asset Management L P acquired a new stake in shares of Titan International during the fourth quarter worth $1,880,000. Institutional investors and hedge funds own 86.74% of the company’s stock.
Titan International (NYSE:TWI) last announced its earnings results on Friday, February 23rd. The industrial products company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.03. The firm had revenue of $376.03 million for the quarter, compared to analysts’ expectations of $364.77 million. Titan International had a negative return on equity of 6.94% and a negative net margin of 4.31%. Titan International’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.25) EPS. equities research analysts forecast that Titan International will post 0.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend is Wednesday, March 28th. Titan International’s dividend payout ratio (DPR) is -1.79%.
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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.
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