BidaskClub downgraded shares of Tower International, Inc. (NYSE:TOWR) from a buy rating to a hold rating in a report released on Tuesday morning.

Several other analysts have also commented on TOWR. Zacks Investment Research lowered shares of Tower International from a strong-buy rating to a hold rating in a research note on Friday, July 21st. ValuEngine raised shares of Tower International from a hold rating to a buy rating in a research note on Friday, September 22nd. FBR & Co reissued a buy rating and set a $40.00 target price on shares of Tower International in a research note on Tuesday, October 31st. Finally, TheStreet raised shares of Tower International from a c+ rating to a b rating in a research note on Thursday, September 28th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Tower International has an average rating of Buy and an average price target of $33.67.

Tower International (NYSE TOWR) opened at $30.80 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 1.32. The stock has a market cap of $638.43, a P/E ratio of 8.64, a PEG ratio of 0.84 and a beta of 2.69. Tower International has a 1-year low of $21.00 and a 1-year high of $33.65.

Tower International (NYSE:TOWR) last posted its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.08. The business had revenue of $462.00 million during the quarter, compared to analysts’ expectations of $451.73 million. Tower International had a net margin of 3.58% and a return on equity of 30.51%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm posted $0.90 earnings per share. analysts anticipate that Tower International will post 3.7 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was published by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/tower-international-inc-towr-stock-rating-lowered-by-bidaskclub/1695883.html.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, November 9th. This is a positive change from Tower International’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.56%. Tower International’s dividend payout ratio is currently 14.63%.

In related news, SVP William Cook sold 6,601 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $31.87, for a total value of $210,373.87. Following the completion of the sale, the senior vice president now owns 11,917 shares in the company, valued at approximately $379,794.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.20% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Capital Fund Management S.A. purchased a new stake in shares of Tower International in the 2nd quarter valued at approximately $404,000. Nationwide Fund Advisors lifted its position in shares of Tower International by 211.8% in the 2nd quarter. Nationwide Fund Advisors now owns 118,372 shares of the auto parts company’s stock valued at $2,657,000 after acquiring an additional 80,408 shares in the last quarter. Prudential PLC lifted its position in shares of Tower International by 8.2% in the 2nd quarter. Prudential PLC now owns 688,000 shares of the auto parts company’s stock valued at $15,446,000 after acquiring an additional 52,300 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Tower International by 3.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 645,426 shares of the auto parts company’s stock valued at $14,490,000 after acquiring an additional 19,634 shares in the last quarter. Finally, First Quadrant L P CA purchased a new stake in shares of Tower International in the 2nd quarter valued at approximately $951,000. Institutional investors and hedge funds own 88.89% of the company’s stock.

About Tower International

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).

Receive News & Ratings for Tower International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tower International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.