An issue of Titan International Inc (NYSE:TWI) bonds fell 1.4% against their face value during trading on Tuesday. The high-yield debt issue has a 6.5% coupon and will mature on November 30, 2023. The debt is now trading at $96.50 and was trading at $97.25 one week ago. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.

Several equities research analysts recently commented on the company. ValuEngine lowered Titan International from a “hold” rating to a “sell” rating in a research report on Thursday, June 21st. William Blair lowered Titan International from an “outperform” rating to a “market perform” rating and set a $21.00 target price on the stock. in a research report on Friday, August 3rd. TheStreet lowered Titan International from a “c” rating to a “d+” rating in a research report on Thursday, August 23rd. Jefferies Financial Group cut their target price on Titan International from $12.00 to $8.50 and set a “hold” rating on the stock in a research report on Tuesday, August 7th. Finally, Zacks Investment Research lowered Titan International from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Titan International currently has an average rating of “Hold” and a consensus target price of $14.50.

NYSE:TWI traded down $0.17 on Tuesday, hitting $7.64. The stock had a trading volume of 235,900 shares, compared to its average volume of 325,970. The firm has a market cap of $452.83 million, a P/E ratio of -15.88 and a beta of 1.48. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.14 and a current ratio of 2.05. Titan International Inc has a 52 week low of $6.71 and a 52 week high of $14.53.

Titan International (NYSE:TWI) last announced its quarterly earnings results on Friday, August 3rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.16). The firm had revenue of $428.90 million during the quarter, compared to the consensus estimate of $427.32 million. Titan International had a positive return on equity of 3.38% and a negative net margin of 1.47%. The firm’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.17) EPS. equities analysts forecast that Titan International Inc will post 0.23 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a $0.005 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.02 annualized dividend and a yield of 0.26%. Titan International’s payout ratio is currently -4.08%.

In other news, CFO David A. Martin purchased 20,000 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were acquired at an average price of $7.21 per share, for a total transaction of $144,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maurice M. Taylor, Jr. purchased 100,000 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was purchased at an average price of $7.20 per share, for a total transaction of $720,000.00. Following the acquisition, the director now owns 549,870 shares of the company’s stock, valued at approximately $3,959,064. The disclosure for this purchase can be found here. 17.30% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Titan International by 11.6% in the second quarter. BlackRock Inc. now owns 7,267,904 shares of the industrial products company’s stock valued at $77,985,000 after purchasing an additional 754,114 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Titan International by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,308,848 shares of the industrial products company’s stock valued at $54,335,000 after purchasing an additional 22,408 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Titan International by 9.0% in the second quarter. Renaissance Technologies LLC now owns 2,867,100 shares of the industrial products company’s stock valued at $30,764,000 after purchasing an additional 236,800 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Titan International by 12.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 800,000 shares of the industrial products company’s stock valued at $8,584,000 after purchasing an additional 90,000 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Titan International by 3.0% in the second quarter. Northern Trust Corp now owns 636,047 shares of the industrial products company’s stock valued at $6,825,000 after purchasing an additional 18,738 shares in the last quarter. Institutional investors own 86.41% of the company’s stock.

Titan International Company Profile (NYSE:TWI)

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles in the United States and internationally. It operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.

Featured Story: Index Funds

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.