TritonPoint Partners LLC Takes Position in Titan International, Inc. $TWI

TritonPoint Partners LLC bought a new stake in Titan International, Inc. (NYSE:TWI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 142,551 shares of the industrial products company’s stock, valued at approximately $1,116,000. TritonPoint Partners LLC owned 0.22% of Titan International as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TWI. Donald Smith & CO. Inc. increased its stake in shares of Titan International by 59.1% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,491,649 shares of the industrial products company’s stock valued at $27,340,000 after buying an additional 1,297,542 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Titan International by 20.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,198,692 shares of the industrial products company’s stock valued at $9,386,000 after buying an additional 207,425 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Titan International by 92.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 397,106 shares of the industrial products company’s stock valued at $3,109,000 after buying an additional 190,264 shares during the period. Two Sigma Investments LP increased its stake in shares of Titan International by 69.9% in the 3rd quarter. Two Sigma Investments LP now owns 452,317 shares of the industrial products company’s stock valued at $3,420,000 after buying an additional 186,048 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Titan International by 11.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,649,715 shares of the industrial products company’s stock valued at $12,472,000 after buying an additional 167,032 shares during the period. 80.39% of the stock is owned by institutional investors and hedge funds.

Titan International Stock Down 0.0%

Shares of Titan International stock opened at $7.72 on Monday. The company has a quick ratio of 1.22, a current ratio of 2.19 and a debt-to-equity ratio of 1.15. Titan International, Inc. has a 12 month low of $6.43 and a 12 month high of $11.70. The business has a fifty day simple moving average of $7.73 and a 200 day simple moving average of $8.38. The stock has a market cap of $496.81 million, a PE ratio of -5.63 and a beta of 1.45.

Titan International (NYSE:TWI) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.39). Titan International had a negative return on equity of 3.00% and a negative net margin of 4.72%.The company had revenue of $505.07 million for the quarter, compared to analyst estimates of $497.23 million. Research analysts predict that Titan International, Inc. will post -0.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TWI. Weiss Ratings reissued a “sell (d-)” rating on shares of Titan International in a research note on Wednesday, April 22nd. DA Davidson reissued a “buy” rating and issued a $13.00 target price on shares of Titan International in a research note on Friday. Finally, Wall Street Zen raised Titan International from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.00.

About Titan International

Titan International, Inc is a leading global manufacturer of wheels, tires and undercarriage systems designed for off-highway vehicles. The company serves a diverse range of markets including agricultural, construction, earthmoving and consumer segments. Titan’s product portfolio encompasses a variety of tire sizes and tread designs, steel and cast centers, wheels, tracks and complete wheel‐and‐tire assemblies tailored to meet the needs of tractors, combines, skid steers, loaders, haul trucks and other specialized equipment.

In addition to original equipment manufacturing, Titan provides extensive aftermarket support through its network of distributors and sales offices.