Tower International, Inc. (NYSE:TOWR) SVP Sells $210,373.87 in Stock

Tower International, Inc. (NYSE:TOWR) SVP William Cook sold 6,601 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $31.87, for a total transaction of $210,373.87. Following the transaction, the senior vice president now owns 11,917 shares in the company, valued at $379,794.79. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Tower International, Inc. (NYSE:TOWR) traded up $0.50 during midday trading on Friday, reaching $31.20. 82,043 shares of the company traded hands, compared to its average volume of 127,915. The stock has a market capitalization of $630.22, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 0.82 and a beta of 2.69. Tower International, Inc. has a 52-week low of $21.00 and a 52-week high of $33.65. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.18 and a quick ratio of 1.01.

Tower International (NYSE:TOWR) last posted its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08. The company had revenue of $462.00 million for the quarter, compared to analyst estimates of $451.73 million. Tower International had a net margin of 3.08% and a return on equity of 21.58%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 earnings per share. sell-side analysts anticipate that Tower International, Inc. will post 3.7 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.54%. This is a positive change from Tower International’s previous quarterly dividend of $0.11. Tower International’s dividend payout ratio (DPR) is currently 15.64%.

ILLEGAL ACTIVITY NOTICE: “Tower International, Inc. (NYSE:TOWR) SVP Sells $210,373.87 in Stock” was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://stocknewstimes.com/2017/11/18/tower-international-inc-towr-svp-william-cook-sells-6601-shares.html.

TOWR has been the topic of several research reports. Zacks Investment Research lowered shares of Tower International from a “strong-buy” rating to a “hold” rating in a report on Friday, July 21st. BidaskClub lowered shares of Tower International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. ValuEngine lowered shares of Tower International from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Finally, TheStreet upgraded shares of Tower International from a “c+” rating to a “b” rating in a report on Thursday, September 28th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Tower International has an average rating of “Buy” and an average target price of $33.67.

Several institutional investors and hedge funds have recently bought and sold shares of TOWR. Bowling Portfolio Management LLC purchased a new stake in shares of Tower International during the second quarter valued at approximately $225,000. Aperio Group LLC purchased a new stake in shares of Tower International during the third quarter valued at approximately $254,000. Eqis Capital Management Inc. purchased a new stake in shares of Tower International during the third quarter valued at approximately $259,000. Cigna Investments Inc. New purchased a new stake in shares of Tower International during the second quarter valued at approximately $317,000. Finally, American International Group Inc. raised its stake in shares of Tower International by 7.1% during the first quarter. American International Group Inc. now owns 12,627 shares of the auto parts company’s stock valued at $342,000 after purchasing an additional 833 shares during the period. Institutional investors own 89.54% of the company’s stock.

About Tower International

Tower International, Inc is a global manufacturer of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers (OEMs). The Company’s product portfolio includes body-structure stampings, frame and other chassis structures, and welded assemblies for small and large cars, crossovers, pickups and sport utility vehicles (SUVs).

Receive News & Ratings for Tower International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tower International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply