New York State Teachers Retirement System Boosts Holdings in Titan International, Inc. (NYSE:TWI)

New York State Teachers Retirement System increased its stake in shares of Titan International, Inc. (NYSE:TWIGet Rating) by 36.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,459 shares of the industrial products company’s stock after buying an additional 7,383 shares during the period. New York State Teachers Retirement System’s holdings in Titan International were worth $404,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TWI. Invesco Ltd. increased its holdings in Titan International by 99.2% during the fourth quarter. Invesco Ltd. now owns 1,466,033 shares of the industrial products company’s stock worth $16,068,000 after buying an additional 730,033 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Titan International in the fourth quarter worth about $2,383,000. CastleKnight Management LP purchased a new position in shares of Titan International in the fourth quarter worth about $2,064,000. Assenagon Asset Management S.A. increased its stake in shares of Titan International by 87.6% in the first quarter. Assenagon Asset Management S.A. now owns 345,467 shares of the industrial products company’s stock worth $5,089,000 after purchasing an additional 161,360 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Titan International in the fourth quarter worth about $1,118,000. Hedge funds and other institutional investors own 75.23% of the company’s stock.

Titan International Price Performance

TWI opened at $15.74 on Wednesday. The company has a market capitalization of $986.27 million, a price-to-earnings ratio of 16.57 and a beta of 2.39. The company has a quick ratio of 0.99, a current ratio of 1.85 and a debt-to-equity ratio of 1.97. The firm has a 50-day moving average price of $16.59 and a 200-day moving average price of $13.96. Titan International, Inc. has a twelve month low of $6.69 and a twelve month high of $19.81.

Titan International (NYSE:TWIGet Rating) last released its quarterly earnings data on Monday, May 2nd. The industrial products company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.15. Titan International had a net margin of 3.10% and a return on equity of 37.62%. The company had revenue of $556.00 million during the quarter, compared to analyst estimates of $506.33 million. During the same period last year, the business earned $0.07 earnings per share. Equities analysts expect that Titan International, Inc. will post 2.25 EPS for the current year.

Insider Buying and Selling at Titan International

In other news, CEO Paul G. Reitz sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $17.95, for a total value of $718,000.00. Following the completion of the sale, the chief executive officer now directly owns 252,413 shares in the company, valued at approximately $4,530,813.35. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 19.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Titan International from a “hold” rating to a “buy” rating in a research note on Sunday, April 24th.

Titan International Company Profile

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Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally.

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Institutional Ownership by Quarter for Titan International (NYSE:TWI)

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