Capital Investment Counsel Inc Has $977,000 Stock Holdings in Titan International, Inc. (NYSE:TWI)

Capital Investment Counsel Inc boosted its stake in shares of Titan International, Inc. (NYSE:TWI) by 21.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 143,878 shares of the industrial products company’s stock after purchasing an additional 25,275 shares during the period. Capital Investment Counsel Inc’s holdings in Titan International were worth $977,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TWI. GAMMA Investing LLC boosted its position in Titan International by 136.2% during the fourth quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 3,132 shares during the last quarter. Quarry LP acquired a new position in Titan International during the third quarter valued at approximately $41,000. FMR LLC boosted its position in Titan International by 43.7% during the third quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 1,625 shares during the last quarter. Mraz Amerine & Associates Inc. acquired a new position in Titan International during the fourth quarter valued at approximately $74,000. Finally, Quantinno Capital Management LP acquired a new position in Titan International during the third quarter valued at approximately $92,000. 80.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TWI has been the subject of several recent research reports. StockNews.com raised Titan International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. DA Davidson began coverage on Titan International in a research report on Friday, December 13th. They issued a “buy” rating and a $11.00 price objective for the company.

Titan International Price Performance

TWI opened at $9.24 on Friday. Titan International, Inc. has a 12-month low of $6.34 and a 12-month high of $14.27. The business has a 50 day moving average of $7.76 and a 200-day moving average of $7.62. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84.

Titan International Company Profile

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.