Titan International (NYSE:TWI) Stock Price Down 9%

Titan International, Inc. (NYSE:TWIGet Rating) traded down 9% during trading on Tuesday . The company traded as low as $15.26 and last traded at $15.45. 2,793 shares changed hands during trading, a decline of 99% from the average session volume of 433,046 shares. The stock had previously closed at $16.97.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Titan International from a “hold” rating to a “buy” rating in a research note on Sunday, April 24th.

Titan International Stock Up 3.2 %

The company has a market capitalization of $916.67 million, a P/E ratio of 7.14 and a beta of 2.33. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.99 and a current ratio of 1.85. The stock has a 50 day moving average price of $16.34 and a 200 day moving average price of $14.29.

Titan International (NYSE:TWIGet Rating) last released its earnings results on Monday, August 1st. The industrial products company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.13. Titan International had a return on equity of 52.76% and a net margin of 6.28%. During the same quarter in the previous year, the business posted $0.22 EPS. Equities research analysts forecast that Titan International, Inc. will post 2.25 earnings per share for the current fiscal year.

Insider Activity at Titan International

In related news, CEO Paul G. Reitz sold 40,000 shares of the business’s stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $17.95, for a total value of $718,000.00. Following the sale, the chief executive officer now directly owns 252,413 shares in the company, valued at approximately $4,530,813.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 19.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Titan International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TWI. Captrust Financial Advisors raised its stake in Titan International by 5,040.0% in the 1st quarter. Captrust Financial Advisors now owns 1,799 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 1,764 shares during the period. Van ECK Associates Corp grew its holdings in Titan International by 50.0% during the 2nd quarter. Van ECK Associates Corp now owns 2,535 shares of the industrial products company’s stock valued at $38,000 after buying an additional 845 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Titan International by 65.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,516 shares of the industrial products company’s stock valued at $51,000 after buying an additional 1,388 shares in the last quarter. National Bank of Canada FI purchased a new position in Titan International during the 2nd quarter valued at about $55,000. Finally, KBC Group NV purchased a new position in Titan International during the 2nd quarter valued at about $66,000. 75.23% of the stock is currently owned by institutional investors.

Titan International Company Profile

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Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally.

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