Cornerstone Capital Management Holdings LLC. Has $224,000 Position in Tower International, Inc. (TOWR)

Cornerstone Capital Management Holdings LLC. lowered its stake in shares of Tower International, Inc. (NYSE:TOWR) by 56.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the auto parts company’s stock after selling 12,894 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Tower International were worth $224,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Thompson Siegel & Walmsley LLC boosted its position in Tower International by 2.0% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 29,524 shares of the auto parts company’s stock worth $663,000 after acquiring an additional 577 shares during the period. American International Group Inc. boosted its position in Tower International by 7.1% during the 1st quarter. American International Group Inc. now owns 12,627 shares of the auto parts company’s stock worth $342,000 after acquiring an additional 833 shares during the period. Teachers Advisors LLC boosted its position in Tower International by 2.6% during the 1st quarter. Teachers Advisors LLC now owns 37,704 shares of the auto parts company’s stock worth $1,022,000 after acquiring an additional 949 shares during the period. Bank of New York Mellon Corp boosted its position in Tower International by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 263,023 shares of the auto parts company’s stock worth $5,905,000 after acquiring an additional 1,136 shares during the period. Finally, SG Americas Securities LLC boosted its position in Tower International by 32.7% during the 1st quarter. SG Americas Securities LLC now owns 5,944 shares of the auto parts company’s stock worth $161,000 after acquiring an additional 1,464 shares during the period. Institutional investors and hedge funds own 88.94% of the company’s stock.

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A number of research analysts have issued reports on the company. ValuEngine upgraded Tower International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research lowered Tower International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. BidaskClub upgraded Tower International from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Finally, TheStreet upgraded Tower International from a “c+” rating to a “b” rating in a research report on Thursday, September 28th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $32.25.

Tower International, Inc. (NYSE TOWR) opened at 27.45 on Monday. The firm has a market cap of $563.30 million, a price-to-earnings ratio of 7.99 and a beta of 2.69. Tower International, Inc. has a 12 month low of $20.85 and a 12 month high of $30.50. The firm’s 50-day moving average price is $26.35 and its 200-day moving average price is $24.23.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, November 9th. This is a positive change from Tower International’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.75%. Tower International’s dividend payout ratio is 12.87%.

About Tower International

Tower International, Inc is a global manufacturer of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers (OEMs). The Company’s product portfolio includes body-structure stampings, frame and other chassis structures, and welded assemblies for small and large cars, crossovers, pickups and sport utility vehicles (SUVs).

Institutional Ownership by Quarter for Tower International (NYSE:TOWR)

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