Empowered Funds LLC raised its holdings in Titan International, Inc. (NYSE:TWI – Free Report) by 27.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 773,501 shares of the industrial products company’s stock after buying an additional 168,328 shares during the quarter. Empowered Funds LLC’s holdings in Titan International were worth $5,345,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Titan International during the 3rd quarter worth approximately $27,000. Russell Investments Group Ltd. lifted its position in shares of Titan International by 22,000.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,199 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 4,180 shares during the period. State of Wyoming lifted its position in shares of Titan International by 45.2% during the 1st quarter. State of Wyoming now owns 4,758 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 1,482 shares during the period. Quantbot Technologies LP bought a new position in Titan International during the second quarter worth $46,000. Finally, Tower Research Capital LLC TRC boosted its stake in Titan International by 191.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,189 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 3,410 shares in the last quarter. 80.39% of the stock is currently owned by institutional investors.
Titan International Stock Performance
NYSE TWI opened at $7.13 on Friday. The company has a fifty day moving average price of $7.53 and a 200-day moving average price of $8.24. The firm has a market cap of $459.15 million, a price-to-earnings ratio of -5.90 and a beta of 1.45. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.11 and a quick ratio of 1.22. Titan International, Inc. has a 1 year low of $6.43 and a 1 year high of $11.70.
Analysts Set New Price Targets
TWI has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Titan International in a research report on Monday, July 20th. Wall Street Zen upgraded Titan International from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Finally, DA Davidson reissued a “buy” rating and issued a $13.00 price objective on shares of Titan International in a research note on Friday, June 12th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $13.00.
Read Our Latest Stock Report on TWI
Titan International Company Profile
Titan International, Inc is a leading global manufacturer of wheels, tires and undercarriage systems designed for off-highway vehicles. The company serves a diverse range of markets including agricultural, construction, earthmoving and consumer segments. Titan’s product portfolio encompasses a variety of tire sizes and tread designs, steel and cast centers, wheels, tracks and complete wheel‐and‐tire assemblies tailored to meet the needs of tractors, combines, skid steers, loaders, haul trucks and other specialized equipment.
In addition to original equipment manufacturing, Titan provides extensive aftermarket support through its network of distributors and sales offices.
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