Titan International, Inc. (NYSE:TWI) CAO Anthony Eheli Sells 25,000 Shares

Titan International, Inc. (NYSE:TWI) CAO Anthony Eheli sold 25,000 shares of the business’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $9.24, for a total value of $231,000.00. Following the transaction, the chief accounting officer now owns 45,276 shares in the company, valued at $418,350.24. This represents a 35.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Titan International Price Performance

NYSE:TWI traded down $0.26 during mid-day trading on Monday, hitting $8.95. The company’s stock had a trading volume of 658,990 shares, compared to its average volume of 699,757. The company has a market capitalization of $570.12 million, a price-to-earnings ratio of -42.62 and a beta of 1.95. The company has a current ratio of 2.26, a quick ratio of 1.25 and a debt-to-equity ratio of 1.06. Titan International, Inc. has a fifty-two week low of $5.93 and a fifty-two week high of $9.60. The stock has a fifty day moving average of $7.58 and a 200-day moving average of $7.80.

Titan International (NYSE:TWI) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Titan International had a negative return on equity of 0.05% and a negative net margin of 0.83%. The company had revenue of $490.71 million during the quarter, compared to analyst estimates of $466.86 million. As a group, equities analysts forecast that Titan International, Inc. will post 0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Titan International

Several large investors have recently made changes to their positions in the company. Brooklyn Investment Group grew its position in Titan International by 1,286.4% during the 1st quarter. Brooklyn Investment Group now owns 5,934 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 5,506 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Titan International in the 4th quarter valued at $54,000. Balyasny Asset Management L.P. acquired a new position in Titan International in the fourth quarter worth $74,000. First Trust Advisors LP bought a new stake in shares of Titan International during the fourth quarter worth $74,000. Finally, Sigma Planning Corp acquired a new stake in shares of Titan International in the first quarter valued at $101,000. Institutional investors own 80.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Cantor Fitzgerald assumed coverage on Titan International in a research report on Thursday, March 20th. They issued an “overweight” rating and a $11.00 price objective for the company. Wall Street Zen raised Titan International from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th. Finally, Noble Financial started coverage on shares of Titan International in a research note on Wednesday, June 4th. They set an “outperform” rating and a $11.00 price target on the stock.

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.