ValuEngine upgraded shares of Tower International (NYSE:TOWR) from a hold rating to a buy rating in a research report sent to investors on Monday.

A number of other analysts have also issued reports on TOWR. Zacks Investment Research upgraded shares of Tower International from a sell rating to a hold rating in a research note on Friday, August 3rd. Citigroup boosted their price target on shares of Tower International from $29.00 to $34.00 and gave the stock a neutral rating in a research note on Thursday, August 9th. Finally, Roth Capital began coverage on shares of Tower International in a research note on Thursday, May 24th. They set a buy rating and a $41.00 price target on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $35.20.

Shares of NYSE:TOWR opened at $35.45 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.98 and a current ratio of 1.16. The stock has a market cap of $688.17 million, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 1.01 and a beta of 2.27. Tower International has a 1 year low of $21.25 and a 1 year high of $36.65.

Tower International (NYSE:TOWR) last issued its quarterly earnings results on Tuesday, July 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.01. The company had revenue of $556.01 million for the quarter, compared to analyst estimates of $554.90 million. Tower International had a net margin of 2.39% and a return on equity of 28.42%. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 earnings per share. analysts anticipate that Tower International will post 4.12 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Shareholders of record on Thursday, August 9th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, August 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.35%. Tower International’s dividend payout ratio (DPR) is presently 12.77%.

In other Tower International news, COO Michael Rajkovic sold 17,764 shares of the business’s stock in a transaction dated Tuesday, June 26th. The shares were sold at an average price of $33.38, for a total transaction of $592,962.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.10% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank increased its stake in shares of Tower International by 6.6% during the first quarter. Swiss National Bank now owns 35,700 shares of the auto parts company’s stock worth $991,000 after buying an additional 2,200 shares during the period. Northern Trust Corp increased its stake in shares of Tower International by 1.5% during the first quarter. Northern Trust Corp now owns 217,161 shares of the auto parts company’s stock worth $6,026,000 after buying an additional 3,169 shares during the period. Segall Bryant & Hamill LLC increased its stake in shares of Tower International by 19.5% during the second quarter. Segall Bryant & Hamill LLC now owns 21,251 shares of the auto parts company’s stock worth $676,000 after buying an additional 3,470 shares during the period. United Services Automobile Association purchased a new stake in shares of Tower International during the second quarter worth approximately $443,000. Finally, Barclays PLC increased its stake in shares of Tower International by 45.7% during the first quarter. Barclays PLC now owns 23,408 shares of the auto parts company’s stock worth $650,000 after buying an additional 7,341 shares during the period. Hedge funds and other institutional investors own 89.22% of the company’s stock.

About Tower International

Tower International, Inc manufactures and sells engineered automotive structural metal components and assemblies primarily for original equipment manufacturers. It operates in two segments, North America and Europe. The company provides body structures and assemblies, including structural metal components, which comprise body pillars, roof rails, and side sills; and Class A surfaces and assemblies that consist of body sides, hoods, doors, fenders, and pickup truck boxes.

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Analyst Recommendations for Tower International (NYSE:TOWR)

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