Titan International, Inc. (TWI) Position Lifted by Nationwide Fund Advisors

Nationwide Fund Advisors increased its position in Titan International, Inc. (NYSE:TWI) by 9.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 37,740 shares of the industrial products company’s stock after buying an additional 3,388 shares during the period. Nationwide Fund Advisors owned about 0.06% of Titan International worth $453,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue boosted its holdings in Titan International by 94.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 9,447 shares of the industrial products company’s stock worth $113,000 after buying an additional 4,597 shares during the period. Stifel Financial Corp boosted its holdings in Titan International by 0.9% in the 1st quarter. Stifel Financial Corp now owns 11,363 shares of the industrial products company’s stock worth $119,000 after buying an additional 104 shares during the period. IndexIQ Advisors LLC boosted its holdings in Titan International by 0.6% in the 2nd quarter. IndexIQ Advisors LLC now owns 11,723 shares of the industrial products company’s stock worth $141,000 after buying an additional 66 shares during the period. Westpac Banking Corp bought a new position in Titan International in the 2nd quarter worth $152,000. Finally, UBS Asset Management Americas Inc. bought a new position in Titan International in the 1st quarter worth $170,000. 86.74% of the stock is owned by institutional investors.

Titan International, Inc. (NYSE:TWI) opened at $11.18 on Monday. Titan International, Inc. has a 1-year low of $7.97 and a 1-year high of $14.23. The company has a current ratio of 2.22, a quick ratio of 1.28 and a debt-to-equity ratio of 1.17.

Titan International (NYSE:TWI) last released its quarterly earnings data on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.03. Titan International had a negative net margin of 3.19% and a negative return on equity of 9.22%. The business had revenue of $370.99 million during the quarter, compared to the consensus estimate of $331.30 million. During the same quarter in the prior year, the firm earned ($0.15) EPS. The business’s revenue was up 21.2% on a year-over-year basis. equities analysts forecast that Titan International, Inc. will post -0.73 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.18%. The ex-dividend date of this dividend was Thursday, September 28th. Titan International’s dividend payout ratio (DPR) is presently -2.41%.

Several brokerages recently weighed in on TWI. BidaskClub raised shares of Titan International from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $12.00 target price on shares of Titan International in a report on Sunday. Zacks Investment Research downgraded shares of Titan International from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, ValuEngine downgraded shares of Titan International from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $13.50.

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About Titan International

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.

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

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