Tower International (TOWR) Downgraded to “Sell” at ValuEngine

ValuEngine lowered shares of Tower International (NYSE:TOWR) from a hold rating to a sell rating in a research note published on Friday morning.

A number of other equities research analysts also recently issued reports on TOWR. Citigroup increased their price objective on shares of Tower International from $29.00 to $34.00 and gave the stock a neutral rating in a research note on Thursday, August 9th. Roth Capital set a $36.00 price target on shares of Tower International and gave the company a buy rating in a research note on Tuesday, October 30th. Finally, Zacks Investment Research upgraded shares of Tower International from a hold rating to a buy rating and set a $34.00 price target on the stock in a research note on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Tower International currently has a consensus rating of Hold and a consensus target price of $32.25.

Tower International stock traded down $1.44 during trading hours on Friday, reaching $25.88. 86,804 shares of the stock were exchanged, compared to its average volume of 114,257. The company has a market capitalization of $562.98 million, a price-to-earnings ratio of 6.88, a PEG ratio of 0.82 and a beta of 2.09. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 0.93. Tower International has a twelve month low of $24.02 and a twelve month high of $36.65.

Tower International (NYSE:TOWR) last announced its quarterly earnings data on Monday, October 29th. The auto parts company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.11. The firm had revenue of $524.57 million for the quarter, compared to the consensus estimate of $512.78 million. Tower International had a net margin of 2.68% and a return on equity of 29.06%. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. On average, sell-side analysts expect that Tower International will post 4.19 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Thursday, November 8th were paid a $0.13 dividend. This is an increase from Tower International’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Wednesday, November 7th. Tower International’s dividend payout ratio (DPR) is presently 13.83%.

Institutional investors and hedge funds have recently bought and sold shares of the company. First Quadrant L P CA raised its holdings in Tower International by 14.8% in the 3rd quarter. First Quadrant L P CA now owns 15,837 shares of the auto parts company’s stock valued at $479,000 after buying an additional 2,038 shares during the last quarter. Teachers Advisors LLC raised its holdings in Tower International by 5.9% in the 3rd quarter. Teachers Advisors LLC now owns 40,298 shares of the auto parts company’s stock valued at $1,219,000 after buying an additional 2,243 shares during the last quarter. Segall Bryant & Hamill LLC raised its holdings in Tower International by 19.5% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 21,251 shares of the auto parts company’s stock valued at $676,000 after buying an additional 3,470 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in Tower International in the 3rd quarter valued at approximately $142,000. Finally, MetLife Investment Advisors LLC raised its holdings in Tower International by 47.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 15,459 shares of the auto parts company’s stock valued at $468,000 after buying an additional 5,004 shares during the last quarter. Institutional investors own 91.28% of the company’s stock.

About Tower International

Tower International, Inc manufactures and sells engineered automotive structural metal components and assemblies primarily for original equipment manufacturers. It operates in two segments, North America and Europe. The company provides body structures and assemblies, including structural metal components, which comprise body pillars, roof rails, and side sills; and Class A surfaces and assemblies that consist of body sides, hoods, doors, fenders, and pickup truck boxes.

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