Titan International, Inc. (TWI) Position Boosted by Thrivent Financial For Lutherans

Thrivent Financial For Lutherans boosted its position in shares of Titan International, Inc. (NYSE:TWI) by 16.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,230 shares of the industrial products company’s stock after buying an additional 3,750 shares during the period. Thrivent Financial For Lutherans’ holdings in Titan International were worth $282,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mason Street Advisors LLC raised its position in Titan International by 17.7% in the first quarter. Mason Street Advisors LLC now owns 11,264 shares of the industrial products company’s stock worth $116,000 after buying an additional 1,696 shares during the period. Stifel Financial Corp raised its position in Titan International by 0.9% in the first quarter. Stifel Financial Corp now owns 11,363 shares of the industrial products company’s stock worth $119,000 after buying an additional 104 shares during the period. Stokes & Hubbell Capital Management LLC purchased a new position in Titan International during the first quarter worth approximately $124,000. UBS Asset Management Americas Inc. purchased a new position in Titan International during the first quarter worth approximately $170,000. Finally, Louisiana State Employees Retirement System raised its position in Titan International by 12.5% in the first quarter. Louisiana State Employees Retirement System now owns 19,800 shares of the industrial products company’s stock worth $205,000 after buying an additional 2,200 shares during the period. Hedge funds and other institutional investors own 84.93% of the company’s stock.

Titan International, Inc. (NYSE TWI) opened at 12.87 on Friday. The firm’s market capitalization is $767.79 million. The stock’s 50 day moving average is $12.06 and its 200-day moving average is $11.44. Titan International, Inc. has a 12 month low of $6.46 and a 12 month high of $14.23.

Titan International (NYSE:TWI) last posted its quarterly earnings results on Thursday, May 4th. The industrial products company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.09. Titan International had a negative net margin of 3.12% and a negative return on equity of 11.22%. The company had revenue of $357.50 million during the quarter, compared to analyst estimates of $332.14 million. During the same quarter in the previous year, the business posted ($0.33) earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis.

The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a $0.005 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.16%. Titan International’s payout ratio is currently -2.78%.

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A number of equities analysts have commented on TWI shares. Zacks Investment Research upgraded shares of Titan International from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Friday, June 30th. Sidoti upgraded shares of Titan International from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 18th. TheStreet upgraded shares of Titan International from a “d+” rating to a “c-” rating in a research report on Friday, June 30th. Finally, Jefferies Group LLC restated an “underperform” rating and issued a $14.00 price target (up from $11.50) on shares of Titan International in a research report on Friday, April 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $14.00.

Titan International Company Profile

Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.

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