Insider Selling: Titan International, Inc. (NYSE:TWI) Director Sells 18,402 Shares of Stock

Titan International, Inc. (NYSE:TWI) Director Max A. Guinn sold 18,402 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $12.49, for a total value of $229,840.98. Following the completion of the sale, the director now owns 132,379 shares of the company’s stock, valued at $1,653,413.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Titan International Stock Down 0.6 %

NYSE TWI traded down $0.08 during trading hours on Monday, hitting $12.42. 311,904 shares of the company traded hands, compared to its average volume of 443,765. The stock has a market capitalization of $779.11 million, a price-to-earnings ratio of 5.39 and a beta of 2.24. Titan International, Inc. has a twelve month low of $9.23 and a twelve month high of $17.29. The business’s 50-day moving average is $12.10 and its 200-day moving average is $11.27. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.38 and a current ratio of 2.32.

Titan International (NYSE:TWI) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. Titan International had a net margin of 7.11% and a return on equity of 31.05%. The business had revenue of $481.18 million during the quarter, compared to analysts’ expectations of $516.00 million. Sell-side analysts anticipate that Titan International, Inc. will post 1.5 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TWI. Fuller & Thaler Asset Management Inc. grew its holdings in Titan International by 0.4% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 218,217 shares of the industrial products company’s stock worth $3,214,000 after purchasing an additional 805 shares during the period. Sei Investments Co. boosted its stake in shares of Titan International by 4.9% during the 4th quarter. Sei Investments Co. now owns 18,557 shares of the industrial products company’s stock worth $284,000 after acquiring an additional 873 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Titan International by 5.6% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 16,829 shares of the industrial products company’s stock worth $193,000 after acquiring an additional 893 shares during the last quarter. State of Wyoming raised its stake in Titan International by 9.9% in the 4th quarter. State of Wyoming now owns 10,500 shares of the industrial products company’s stock valued at $161,000 after acquiring an additional 944 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Titan International by 2.2% in the 4th quarter. JPMorgan Chase & Co. now owns 45,341 shares of the industrial products company’s stock valued at $695,000 after acquiring an additional 964 shares during the period. 80.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Titan International from a “hold” rating to a “buy” rating in a research report on Thursday, August 31st.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Latin America, Europe, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally.