Hartford Investment Management Co. Maintains Stake in Titan International, Inc. (TWI)

Hartford Investment Management Co. maintained its position in Titan International, Inc. (NYSE:TWI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,400 shares of the industrial products company’s stock at the end of the second quarter. Hartford Investment Management Co.’s holdings in Titan International were worth $185,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TWI. Clear Harbor Asset Management LLC raised its position in Titan International by 2.2% in the second quarter. Clear Harbor Asset Management LLC now owns 175,845 shares of the industrial products company’s stock valued at $2,138,000 after buying an additional 3,720 shares during the period. Russell Investments Group Ltd. raised its position in Titan International by 89.1% in the second quarter. Russell Investments Group Ltd. now owns 83,178 shares of the industrial products company’s stock valued at $999,000 after buying an additional 39,187 shares during the period. State of Alaska Department of Revenue raised its position in Titan International by 94.8% in the second quarter. State of Alaska Department of Revenue now owns 9,447 shares of the industrial products company’s stock valued at $113,000 after buying an additional 4,597 shares during the period. Public Employees Retirement System of Ohio raised its position in Titan International by 25.5% in the first quarter. Public Employees Retirement System of Ohio now owns 66,086 shares of the industrial products company’s stock valued at $683,000 after buying an additional 13,430 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Titan International by 18.4% in the first quarter. Goldman Sachs Group Inc. now owns 192,432 shares of the industrial products company’s stock valued at $1,990,000 after buying an additional 29,940 shares during the period. Hedge funds and other institutional investors own 85.35% of the company’s stock.

Titan International, Inc. (NYSE:TWI) traded up 1.132% on Tuesday, hitting $10.275. 303,745 shares of the company traded hands. The firm’s market capitalization is $612.98 million. The stock’s 50-day moving average is $12.15 and its 200 day moving average is $11.50. Titan International, Inc. has a 12 month low of $7.79 and a 12 month high of $14.23.

Titan International (NYSE:TWI) last issued its earnings results on Thursday, August 3rd. The industrial products company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.18. The firm had revenue of $364.40 million during the quarter, compared to analyst estimates of $352.13 million. Titan International had a negative net margin of 3.23% and a negative return on equity of 10.79%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned ($0.04) EPS. Equities analysts forecast that Titan International, Inc. will post ($0.11) EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a $0.005 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.02 annualized dividend and a yield of 0.20%. Titan International’s dividend payout ratio (DPR) is -2.44%.

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Several research analysts recently commented on the stock. BidaskClub upgraded shares of Titan International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. TheStreet upgraded shares of Titan International from a “d+” rating to a “c-” rating in a research note on Friday, June 30th. Zacks Investment Research lowered shares of Titan International from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Sidoti upgraded shares of Titan International from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 18th. Finally, Jefferies Group LLC reiterated an “underperform” rating and set a $14.00 price objective (up previously from $11.50) on shares of Titan International in a research note on Friday, April 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $14.00.

About Titan International

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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Institutional Ownership by Quarter for Titan International (NYSE:TWI)

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