Victory Capital Management Inc. Buys 167,032 Shares of Titan International, Inc. $TWI

Victory Capital Management Inc. lifted its position in shares of Titan International, Inc. (NYSE:TWI) by 11.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,649,715 shares of the industrial products company’s stock after purchasing an additional 167,032 shares during the period. Victory Capital Management Inc. owned 2.58% of Titan International worth $12,472,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Federated Hermes Inc. bought a new position in Titan International in the 3rd quarter valued at about $31,000. Byrne Asset Management LLC acquired a new stake in shares of Titan International in the third quarter valued at approximately $32,000. Quantbot Technologies LP acquired a new stake in Titan International during the second quarter worth approximately $46,000. Strs Ohio acquired a new stake in shares of Titan International during the 3rd quarter worth $36,000. Finally, Tower Research Capital LLC TRC grew its stake in Titan International by 191.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,189 shares of the industrial products company’s stock worth $53,000 after buying an additional 3,410 shares in the last quarter. Institutional investors own 80.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TWI shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Titan International in a report on Monday, December 29th. DA Davidson set a $13.00 price target on shares of Titan International in a report on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $11.67.

Titan International Stock Down 1.1%

Shares of NYSE:TWI opened at $8.27 on Thursday. Titan International, Inc. has a 1 year low of $5.93 and a 1 year high of $11.70. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.30 and a quick ratio of 1.20. The business’s 50-day moving average is $9.54 and its 200-day moving average is $8.56. The company has a market capitalization of $529.16 million, a price-to-earnings ratio of -8.27 and a beta of 1.47.

Titan International (NYSE:TWI) last issued its earnings results on Thursday, February 26th. The industrial products company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.01). Titan International had a negative net margin of 3.47% and a negative return on equity of 2.82%. The firm had revenue of $410.44 million during the quarter, compared to the consensus estimate of $396.86 million. Equities research analysts predict that Titan International, Inc. will post 0.03 earnings per share for the current year.

Insider Activity at Titan International

In other Titan International news, major shareholder Aipct Holdings Llc sold 3,041,288 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $8.95, for a total value of $27,219,527.60. Following the transaction, the insider owned 8,880,478 shares of the company’s stock, valued at approximately $79,480,278.10. The trade was a 25.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 25.00% of the stock is currently owned by corporate insiders.

Titan International Profile

Titan International, Inc is a leading global manufacturer of wheels, tires and undercarriage systems designed for off-highway vehicles. The company serves a diverse range of markets including agricultural, construction, earthmoving and consumer segments. Titan’s product portfolio encompasses a variety of tire sizes and tread designs, steel and cast centers, wheels, tracks and complete wheel‐and‐tire assemblies tailored to meet the needs of tractors, combines, skid steers, loaders, haul trucks and other specialized equipment.

In addition to original equipment manufacturing, Titan provides extensive aftermarket support through its network of distributors and sales offices.