California State Teachers Retirement System increased its stake in shares of Titan International Inc. (NYSE:TWI) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 92,809 shares of the company’s stock after buying an additional 473 shares during the period. California State Teachers Retirement System owned about 0.17% of Titan International worth $575,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in TWI. Hartford Investment Management Co. bought a new position in shares of Titan International during the second quarter valued at $105,000. Mount Vernon Associates Inc. MD boosted its position in Titan International by 2.3% in the second quarter. Mount Vernon Associates Inc. MD now owns 18,100 shares of the company’s stock valued at $112,000 after buying an additional 400 shares during the last quarter. Arizona State Retirement System boosted its position in Titan International by 6.2% in the first quarter. Arizona State Retirement System now owns 22,431 shares of the company’s stock valued at $121,000 after buying an additional 1,300 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new position in Titan International during the first quarter valued at approximately $181,000. Finally, Capstone Asset Management Co. boosted its position in Titan International by 1.3% in the second quarter. Capstone Asset Management Co. now owns 34,041 shares of the company’s stock valued at $211,000 after buying an additional 430 shares during the last quarter. Institutional investors own 77.10% of the company’s stock.
Titan International Inc. (NYSE:TWI) traded down 2.92% during trading on Friday, hitting $9.97. The stock had a trading volume of 296,157 shares. Titan International Inc. has a 12 month low of $2.50 and a 12 month high of $10.36. The firm has a 50 day moving average of $9.37 and a 200-day moving average of $7.21. The stock’s market cap is $538.84 million.
Titan International (NYSE:TWI) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.04) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). Titan International had a negative net margin of 8.44% and a negative return on equity of 17.71%. The firm earned $330.20 million during the quarter, compared to the consensus estimate of $330.92 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The company’s revenue was down 12.2% on a year-over-year basis. Equities analysts predict that Titan International Inc. will post ($0.48) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Wednesday, September 28th. Titan International’s dividend payout ratio (DPR) is -0.91%.
Several research firms recently commented on TWI. Jefferies Group boosted their target price on Titan International from $6.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, August 5th. Zacks Investment Research upgraded Titan International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $9.43.
Titan International Company Profile
Titan International, Inc is a manufacturer of wheels, tires and undercarriage systems and components for off-highway vehicles used in the agricultural, earthmoving/construction and consumer segments. The Company operates through three segments: agricultural, earthmoving/construction and consumer. The Company’s agricultural market includes rims, wheels, tires and undercarriage systems and components manufactured for use on various agricultural and forestry equipment.
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).
Receive News & Ratings for Titan International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.