Titan International: A Chance To Buy This $7 Stock At What Could Be Cyclical Lows
Titan International is a leading producer of specialty tires for various industries, facing challenges due to high interest rates impacting the farming sector. Stock price has dropped significantly, but recent strategic moves and low valuation suggest potential for rebound. Potential upside catalysts include expected interest rate cuts and recent acquisition, while downside risks include trade issues and economic downturn.
Titan International, Inc. (NYSE:TWI) Shares Purchased by Panagora Asset Management Inc.
Panagora Asset Management Inc. grew its position in shares of Titan International, Inc. (NYSE:TWI – Free Report) by 52.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,692 shares of the industrial products company’s stock after purchasing an additional 69,861 shares during the period. Panagora Asset Management Inc. owned 0.33% of Titan International worth $3,031,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Titan International by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,407,435 shares of the industrial products company’s stock valued at $50,703,000 after buying an additional 215,637 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Titan International by 38.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,310,404 shares of the industrial products company’s stock worth $34,379,000 after purchasing an additional 637,123 shares during the period. LSV Asset Management boosted its holdings in shares of Titan International by 0.8% during the fourth quarter. LSV Asset Management now owns 754,759 shares of the industrial products company’s stock worth $11,231,000 after purchasing an additional 6,059 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Titan International by 15.6% during the third quarter. American Century Companies Inc. now owns 700,683 shares of the industrial products company’s stock worth $9,410,000 after purchasing an additional 94,797 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Titan International by 55.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 582,950 shares of the industrial products company’s stock valued at $7,829,000 after purchasing an additional 206,984 shares during the period. 80.39% of the stock is currently owned by hedge funds and other institutional investors. Insiders Place Their Bets In other news, CAO Anthony Eheli sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $12.42, for a total value of $31,050.00. Following the transaction, the chief accounting officer now directly owns 52,918 shares in the company, valued at approximately $657,241.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 32.50% of the stock is currently owned by insiders. Wall Street Analysts Forecast Growth Separately, TheStreet lowered Titan International from a “b-” rating to a “c” rating in a research note on Thursday, February 29th. View Our Latest Stock Report on Titan International Titan International Price Performance Titan International stock opened at $8.91 on Monday. Titan International, Inc. has a 1 year low of $8.49 and a 1 year high of $15.33. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.31 and a current ratio of 2.33. The firm has a 50 day moving average price of $11.38 and a 200 day moving average price of $13.02. The company has a market cap of $649.27 million, a price-to-earnings ratio of 10.01 and a beta of 2.09. Titan International (NYSE:TWI – Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.15). The company had revenue of $482.21 million for the quarter, compared to analysts’ expectations of $537.32 million. Titan International had a net margin of 3.20% and a return on equity of 17.27%. During the same period in the prior year, the firm earned $0.53 earnings per share. Sell-side analysts predict that Titan International, Inc. will post 0.91 earnings per share for the current year. Titan International Company Profile (Free Report) 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.
