State of New Jersey Common Pension Fund D Has $7 Million Position in Titan International, Inc. (TWI)

State of New Jersey Common Pension Fund D lifted its holdings in Titan International, Inc. (NYSE:TWI) by 15.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 690,000 shares of the industrial products company’s stock after acquiring an additional 90,000 shares during the period. State of New Jersey Common Pension Fund D owned 1.16% of Titan International worth $7,004,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Titan International by 5.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,922,553 shares of the industrial products company’s stock valued at $47,110,000 after acquiring an additional 208,779 shares during the last quarter. Vanguard Group Inc. lifted its stake in Titan International by 9.5% in the second quarter. Vanguard Group Inc. now owns 3,349,303 shares of the industrial products company’s stock worth $40,224,000 after purchasing an additional 290,653 shares during the last quarter. Franklin Resources Inc. lifted its stake in Titan International by 70.3% in the second quarter. Franklin Resources Inc. now owns 3,157,500 shares of the industrial products company’s stock worth $37,922,000 after purchasing an additional 1,303,200 shares during the last quarter. Fishman Jay A Ltd. MI lifted its stake in Titan International by 3.7% in the second quarter. Fishman Jay A Ltd. MI now owns 2,833,032 shares of the industrial products company’s stock worth $34,025,000 after purchasing an additional 102,150 shares during the last quarter. Finally, State Street Corp lifted its stake in Titan International by 3.7% in the second quarter. State Street Corp now owns 1,058,638 shares of the industrial products company’s stock worth $12,714,000 after purchasing an additional 37,423 shares during the last quarter. 86.25% of the stock is owned by hedge funds and other institutional investors.

Titan International, Inc. (NYSE TWI) opened at 9.74 on Wednesday. The stock’s market capitalization is $581.48 million. Titan International, Inc. has a 12 month low of $7.97 and a 12 month high of $14.23. The stock’s 50 day moving average is $9.91 and its 200-day moving average is $10.53.

Titan International (NYSE:TWI) last posted its quarterly earnings results on Thursday, August 3rd. The industrial products company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.18). Titan International had a negative net margin of 3.23% and a negative return on equity of 10.79%. The firm had revenue of $364.40 million during the quarter, compared to analysts’ expectations of $352.13 million. During the same period last year, the company earned ($0.04) EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis. On average, equities research analysts expect that Titan International, Inc. will post ($0.53) earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a $0.005 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.21%. Titan International’s dividend payout ratio is currently -2.44%.

Several analysts have issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $10.50 price objective on shares of Titan International in a research note on Friday, October 6th. Zacks Investment Research downgraded shares of Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. ValuEngine downgraded shares of Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Finally, BidaskClub downgraded shares of Titan International from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $12.75.

WARNING: “State of New Jersey Common Pension Fund D Has $7 Million Position in Titan International, Inc. (TWI)” was originally published by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://www.com-unik.info/2017/11/01/state-of-new-jersey-common-pension-fund-d-has-7-million-position-in-titan-international-inc-twi.html.

Titan International Company Profile

Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.

Want to see what other hedge funds are holding TWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Titan International, Inc. (NYSE:TWI).

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

What are top analysts saying about Titan International Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Titan International Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit