Titan International (NYSE:TWI) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Titan International (NYSE:TWI – Get Rating) in a research note issued to investors on Thursday. The firm issued a buy rating on the industrial products company’s stock.

Titan International Price Performance

Shares of Titan International stock opened at $10.16 on Thursday. The company has a quick ratio of 1.15, a current ratio of 2.04 and a debt-to-equity ratio of 1.08. The company has a market cap of $638.76 million, a PE ratio of 3.67 and a beta of 2.22. The business has a 50 day moving average of $14.91 and a 200 day moving average of $14.33. Titan International has a 52 week low of $10.12 and a 52 week high of $19.81.

Insider Activity at Titan International

In related news, General Counsel Michael G. Troyanovich sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $15.10, for a total transaction of $604,000.00. Following the completion of the transaction, the general counsel now owns 113,785 shares in the company, valued at $1,718,153.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Maurice M. Taylor, Jr. sold 200,000 shares of the company’s stock in a transaction on Friday, December 23rd. The stock was sold at an average price of $15.44, for a total value of $3,088,000.00. Following the sale, the director now directly owns 592,968 shares of the company’s stock, valued at $9,155,425.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Michael G. Troyanovich sold 40,000 shares of the company’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $15.10, for a total value of $604,000.00. Following the completion of the sale, the general counsel now directly owns 113,785 shares in the company, valued at $1,718,153.50. The disclosure for this sale can be found here. Insiders sold a total of 340,000 shares of company stock worth $5,219,000 over the last quarter. 19.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Titan International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. grew its stake in shares of Titan International by 5.3% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 13,248 shares of the industrial products company’s stock worth $161,000 after acquiring an additional 664 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Titan International by 1.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 54,712 shares of the industrial products company’s stock worth $838,000 after acquiring an additional 762 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Titan International by 0.4% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 218,217 shares of the industrial products company’s stock worth $3,214,000 after acquiring an additional 805 shares during the last quarter. Texas Permanent School Fund grew its stake in shares of Titan International by 2.4% in the second quarter. Texas Permanent School Fund now owns 37,135 shares of the industrial products company’s stock worth $561,000 after acquiring an additional 871 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Titan International by 4.9% in the fourth quarter. Sei Investments Co. now owns 18,557 shares of the industrial products company’s stock worth $284,000 after acquiring an additional 873 shares during the last quarter. 79.43% of the stock is owned by hedge funds and other institutional investors.

About Titan International

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Titan International, Inc is a holding company engaged in the manufacture of wheels, tires, and undercarriage industrial. It operates through the following segments: Agricultural, Earthmoving and Construction, and Consumer. The Agricultural segment manufactures rims, wheels, and tires for use in various agricultural and forestry equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.