Clayton Financial Group LLC Acquires New Holdings in Titan International, Inc. (NYSE:TWI)

Clayton Financial Group LLC acquired a new stake in shares of Titan International, Inc. (NYSE:TWI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,092 shares of the industrial products company’s stock, valued at approximately $169,000.

Several other institutional investors also recently bought and sold shares of TWI. KLP Kapitalforvaltning AS purchased a new position in Titan International during the fourth quarter valued at approximately $54,000. Mraz Amerine & Associates Inc. purchased a new position in Titan International during the fourth quarter valued at approximately $74,000. First Trust Advisors LP purchased a new position in Titan International during the fourth quarter valued at approximately $74,000. Balyasny Asset Management L.P. purchased a new position in Titan International during the fourth quarter valued at approximately $74,000. Finally, Miller Financial Services LLC purchased a new position in Titan International during the fourth quarter valued at approximately $85,000. 80.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on TWI. Cantor Fitzgerald assumed coverage on shares of Titan International in a report on Thursday, March 20th. They issued an “overweight” rating and a $11.00 price target on the stock. Wall Street Zen raised shares of Titan International from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Finally, Noble Financial assumed coverage on shares of Titan International in a report on Wednesday, June 4th. They issued an “outperform” rating and a $11.00 price target on the stock.

Titan International Trading Up 2.8%

NYSE:TWI opened at $9.09 on Tuesday. The company has a market capitalization of $578.94 million, a P/E ratio of -75.73 and a beta of 1.95. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. Titan International, Inc. has a 12 month low of $5.93 and a 12 month high of $9.60. The firm has a fifty day simple moving average of $7.42 and a 200-day simple moving average of $7.74.

Titan International (NYSE:TWI) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $490.71 million for the quarter, compared to analysts’ expectations of $466.86 million. Titan International had a negative net margin of 0.51% and a positive return on equity of 5.76%. On average, equities research analysts anticipate that Titan International, Inc. will post 0.03 earnings per share for the current year.

Titan International Profile

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.