Invesco Ltd. Sells 97,155 Shares of Titan International, Inc. $TWI

Invesco Ltd. decreased its holdings in shares of Titan International, Inc. (NYSE:TWI) by 10.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 844,422 shares of the industrial products company’s stock after selling 97,155 shares during the period. Invesco Ltd. owned 1.33% of Titan International worth $7,085,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Balyasny Asset Management L.P. bought a new position in Titan International during the 4th quarter valued at approximately $74,000. First Trust Advisors LP bought a new position in Titan International during the 4th quarter valued at approximately $74,000. Sigma Planning Corp bought a new position in Titan International during the 1st quarter valued at approximately $101,000. ProShare Advisors LLC raised its position in Titan International by 45.2% during the 4th quarter. ProShare Advisors LLC now owns 15,098 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 4,702 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Titan International by 130.5% during the 1st quarter. GAMMA Investing LLC now owns 12,518 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 7,087 shares during the period. Institutional investors own 80.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TWI shares. DA Davidson raised their target price on Titan International from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Wall Street Zen upgraded Titan International from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Finally, Noble Financial initiated coverage on Titan International in a research note on Wednesday, June 4th. They issued an “outperform” rating and a $11.00 target price for the company. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $11.33.

Titan International Stock Performance

Shares of TWI opened at $9.00 on Wednesday. The company has a market cap of $574.78 million, a price-to-earnings ratio of -29.02 and a beta of 2.05. Titan International, Inc. has a 12 month low of $5.93 and a 12 month high of $10.94. The company has a current ratio of 2.35, a quick ratio of 1.27 and a debt-to-equity ratio of 0.98. The business’s fifty day simple moving average is $9.33 and its two-hundred day simple moving average is $8.37.

Titan International (NYSE:TWI) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The firm had revenue of $460.83 million during the quarter, compared to analysts’ expectations of $483.84 million. Titan International had a negative return on equity of 1.62% and a negative net margin of 1.24%. Titan International has set its Q3 2025 guidance at EPS. Research analysts anticipate that Titan International, Inc. will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Richard M. Cashin, Jr. sold 212,398 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $10.34, for a total value of $2,196,195.32. Following the transaction, the director directly owned 176,461 shares in the company, valued at $1,824,606.74. This trade represents a 54.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Anthony Eheli sold 25,000 shares of the firm’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $9.24, for a total value of $231,000.00. Following the completion of the transaction, the chief accounting officer owned 45,276 shares in the company, valued at approximately $418,350.24. This trade represents a 35.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 301,348 shares of company stock worth $3,086,520. Company insiders own 32.50% of the company’s stock.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.