Tower International Inc (NYSE:TOWR) has been given an average rating of “Buy” by the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $35.00.

A number of analysts have recently commented on the company. FBR & Co reaffirmed a “buy” rating and issued a $40.00 price target on shares of Tower International in a research note on Tuesday, October 31st. ValuEngine cut Tower International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 7th. Zacks Investment Research raised Tower International from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Thursday, December 21st. BidaskClub cut Tower International from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, B. Riley reaffirmed a “buy” rating on shares of Tower International in a research note on Wednesday, November 1st.

Several hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in Tower International by 0.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 647,441 shares of the auto parts company’s stock worth $17,610,000 after purchasing an additional 2,015 shares in the last quarter. Capital Fund Management S.A. increased its stake in Tower International by 17.1% during the 4th quarter. Capital Fund Management S.A. now owns 18,500 shares of the auto parts company’s stock worth $565,000 after purchasing an additional 2,700 shares in the last quarter. Icon Advisers Inc. Co. increased its stake in Tower International by 15.0% during the 4th quarter. Icon Advisers Inc. Co. now owns 25,300 shares of the auto parts company’s stock worth $773,000 after purchasing an additional 3,300 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Tower International by 5.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 67,994 shares of the auto parts company’s stock worth $1,849,000 after purchasing an additional 3,316 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in Tower International by 34.0% during the 3rd quarter. Gamco Investors INC. ET AL now owns 13,400 shares of the auto parts company’s stock worth $364,000 after purchasing an additional 3,400 shares in the last quarter. 90.33% of the stock is owned by institutional investors.

Tower International (TOWR) opened at $28.05 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 1.32. Tower International has a 52-week low of $21.00 and a 52-week high of $33.65. The stock has a market cap of $578.90, a PE ratio of 8.55, a price-to-earnings-growth ratio of 0.69 and a beta of 2.48.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 9th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.71%. Tower International’s dividend payout ratio (DPR) is presently 14.63%.

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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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