Titan International, Inc. (NYSE:TWI – Get Free Report) Director Max A. Guinn sold 18,402 shares of Titan International stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $12.49, for a total value of $229,840.98. Following the completion of the transaction, the director now owns 132,379 shares in the company, valued at $1,653,413.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Titan International Trading Down 0.6 %
Shares of TWI stock opened at $12.42 on Tuesday. Titan International, Inc. has a 1 year low of $9.23 and a 1 year high of $17.29. The firm’s fifty day simple moving average is $12.12 and its 200 day simple moving average is $11.26. The firm has a market capitalization of $779.11 million, a P/E ratio of 5.35 and a beta of 2.24. The company has a current ratio of 2.32, a quick ratio of 1.38 and a debt-to-equity ratio of 0.91.
Titan International (NYSE:TWI – Get Free Report) last announced its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $481.18 million for the quarter, compared to analyst estimates of $516.00 million. Titan International had a net margin of 7.11% and a return on equity of 31.05%. As a group, sell-side analysts predict that Titan International, Inc. will post 1.5 EPS for the current year.
Wall Street Analysts Forecast Growth
Institutional Investors Weigh In On Titan International
Institutional investors and hedge funds have recently made changes to their positions in the company. ExodusPoint Capital Management LP acquired a new stake in shares of Titan International in the 1st quarter valued at $1,351,000. SummerHaven Investment Management LLC boosted its stake in shares of Titan International by 2.7% in the 1st quarter. SummerHaven Investment Management LLC now owns 56,192 shares of the industrial products company’s stock valued at $589,000 after purchasing an additional 1,480 shares in the last quarter. Cipher Capital LP acquired a new stake in shares of Titan International in the 4th quarter valued at $156,000. SG Capital Management LLC acquired a new stake in shares of Titan International in the 4th quarter valued at $5,991,000. Finally, Islay Capital Management LLC acquired a new position in Titan International during the 1st quarter worth about $505,000. Institutional investors and hedge funds own 80.39% of the company’s stock.
Titan International Company Profile
Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Latin America, Europe, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally.
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