BidaskClub downgraded shares of Tower International, Inc. (NYSE:TOWR) from a hold rating to a sell rating in a research report released on Wednesday.

Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Tower International from a hold rating to a strong-buy rating and set a $27.00 price target for the company in a research note on Thursday, July 20th. ValuEngine upgraded Tower International from a buy rating to a strong-buy rating in a research note on Thursday, July 6th. Finally, FBR & Co restated an outperform rating and issued a $40.00 price target on shares of Tower International in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $31.25.

Tower International (NYSE:TOWR) opened at 23.25 on Wednesday. The stock has a 50 day moving average of $23.04 and a 200-day moving average of $24.55. The company has a market capitalization of $477.11 million, a price-to-earnings ratio of 6.77 and a beta of 2.65. Tower International has a 52-week low of $20.85 and a 52-week high of $30.50.

Tower International (NYSE:TOWR) last announced its quarterly earnings data on Wednesday, July 26th. The auto parts company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.05. The company had revenue of $489.93 million during the quarter, compared to the consensus estimate of $494.87 million. Tower International had a return on equity of 33.20% and a net margin of 3.76%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 EPS. On average, equities research analysts anticipate that Tower International will post $3.63 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Thursday, August 10th will be issued a dividend of $0.11 per share. The ex-dividend date is Tuesday, August 8th. This represents a $0.44 annualized dividend and a yield of 1.89%. Tower International’s payout ratio is presently 12.87%.

Hedge funds have recently added to or reduced their stakes in the stock. Bogle Investment Management L P DE acquired a new stake in Tower International during the first quarter worth $2,662,000. SG Americas Securities LLC raised its stake in Tower International by 32.7% in the first quarter. SG Americas Securities LLC now owns 5,944 shares of the auto parts company’s stock worth $161,000 after buying an additional 1,464 shares during the last quarter. Alambic Investment Management L.P. raised its stake in Tower International by 10.2% in the first quarter. Alambic Investment Management L.P. now owns 34,500 shares of the auto parts company’s stock worth $935,000 after buying an additional 3,200 shares during the last quarter. LSV Asset Management raised its stake in Tower International by 2.1% in the first quarter. LSV Asset Management now owns 1,084,295 shares of the auto parts company’s stock worth $29,384,000 after buying an additional 22,600 shares during the last quarter. Finally, First Quadrant L P CA acquired a new stake in Tower International during the second quarter worth $951,000. Institutional investors own 88.68% of the company’s stock.

Tower International Company Profile

Tower International, Inc is a global manufacturer of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers (OEMs). The Company’s product portfolio includes body-structure stampings, frame and other chassis structures, and welded assemblies for small and large cars, crossovers, pickups and sport utility vehicles (SUVs).

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