The stock of Titan International Inc. (NYSE:TWI) last traded at $13.32, up 1.22% from the previous session.
TWI stock price is now -3.16% away from the 50-day moving average and -4.86% away from the 200-day moving average. The market capitalization of the company currently stands at $904.83M.
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, while ‘Goldman’ rates the stock as ‘Sell’.
In other news, TROYANOVICH MICHAEL G, Secretary and General Counsel sold 32,600 shares of the company’s stock on Aug 25. The stock was sold for $524,534 at an average price of $16.09. Upon completion of the transaction, the Secretary and General Counsel now directly owns 153,785 shares in the company, valued at $2.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 24, Secretary and General Counsel TROYANOVICH MICHAEL G sold 7,400 shares of the business’s stock. A total of $118,474 was realized by selling the stock at an average price of $16.01. This leaves the insider owning 186,385 shares of the company worth $2.48 million. Insiders disposed of 180,635 shares of company stock worth roughly $2.41 million over the past 1 year. A total of 5.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TWI stock. A new stake in Titan International Inc. shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $12,317,000. CLARIVEST ASSET MANAGEMENT LLC invested $1,917,000 in shares of TWI during the first quarter. In the first quarter, EAM INVESTORS, LLC acquired a new stake in Titan International Inc. valued at approximately $1,681,000. SWISS NATIONAL BANK acquired a new stake in TWI for approximately $1,568,000. EAM GLOBAL INVESTORS LLC purchased a new stake in TWI valued at around $1,317,000 in the second quarter. In total, there are 236 active investors with 80.30% ownership of the company’s stock.
With an opening price of $12.74 on Wednesday morning, Titan International Inc. (NYSE: TWI) set off the trading day. During the past 12 months, Titan International Inc. has had a low of $6.69 and a high of $19.81. As of last week, the company has a debt-to-equity ratio of 1.64, a current ratio of 1.90, and a quick ratio of 1.00. The fifty day moving average price for TWI is $13.73 and a two-hundred day moving average price translates $14.01 for the stock.
The latest earnings results from Titan International Inc. (NYSE: TWI) was released for Mar, 2022. According to the Farm & Heavy Construction Machinery Company, earnings per share came in at $0.44, beating analysts’ expectations of $0.28 by 0.16. This compares to -$0.04 EPS in the same period last year. The net profit margin was 6.30% and return on equity was 54.40% for TWI. The company reported revenue of $572.89 million for the quarter, compared to $438.64 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 30.61 percent. For the current quarter, analysts expect TWI to generate $582.1M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/15/2020. Investors who held shares on 03/31/2020 were paid a $0.005 dividend.
Titan International Inc.(TWI) Company 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, the Middle East, Africa, Russia, and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers rims, wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment. The company also offers rims, wheels, tires, and undercarriage systems and components for off-the-road earthmoving, mining, military, construction, and forestry equipment, including skid steers, aerial lifts, cranes, graders and levelers, scrapers, self-propelled shovel loaders, articulated dump trucks, load transporters, haul trucks, backhoe loaders, crawler tractors, lattice cranes, shovels, and hydraulic excavators. In addition, it provides bias and light truck tires; and products for ATVs, turf, and golf cart applications, as well as specialty and train brakes. It sells its products directly to original equipment manufacturers, as well as to the aftermarket through independent distributors, equipment dealers, and own distribution centers. Titan International, Inc. was founded in 1890 and is headquartered in Quincy, Illinois.
