Thrivent Financial for Lutherans Raises Position in Titan International Inc (TWI)

Thrivent Financial for Lutherans boosted its holdings in Titan International Inc (NYSE:TWI) by 74.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,289 shares of the industrial products company’s stock after buying an additional 25,637 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.10% of Titan International worth $281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Flinton Capital Management LLC grew its holdings in shares of Titan International by 92.2% during the fourth quarter. Flinton Capital Management LLC now owns 7,514 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 3,604 shares in the last quarter. Magnus Financial Group LLC purchased a new position in shares of Titan International during the fourth quarter worth about $59,000. Metropolitan Life Insurance Co. NY grew its holdings in shares of Titan International by 354.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,205 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 12,637 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Titan International by 71.7% during the fourth quarter. SG Americas Securities LLC now owns 17,357 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 7,246 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new position in shares of Titan International during the fourth quarter worth about $89,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

NYSE TWI opened at $6.74 on Wednesday. Titan International Inc has a 12 month low of $4.35 and a 12 month high of $12.90. The firm has a market capitalization of $393.85 million, a PE ratio of 24.96 and a beta of 1.70. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.02 and a current ratio of 2.08.

Titan International (NYSE:TWI) last released its quarterly earnings data on Thursday, March 7th. The industrial products company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.16). Titan International had a net margin of 0.14% and a return on equity of 2.49%. The business had revenue of $363.10 million for the quarter, compared to analysts’ expectations of $385.08 million. During the same period last year, the business earned ($0.10) earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. As a group, equities analysts anticipate that Titan International Inc will post 0.63 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Thursday, March 28th. Titan International’s dividend payout ratio is 7.41%.

TWI has been the subject of a number of recent research reports. Zacks Investment Research upgraded Titan International from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a research report on Friday, February 8th. Sidoti set a $10.00 target price on Titan International and gave the company a “buy” rating in a report on Wednesday, February 20th. ValuEngine downgraded Titan International from a “sell” rating to a “strong sell” rating in a report on Friday, January 25th. Finally, TheStreet raised Titan International from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $11.44.

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Titan International Profile

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, and internationally. The company operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.

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

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