Brandywine Global Investment Management LLC Has $2.79 Million Position in Titan International Inc (NYSE:TWI)

Brandywine Global Investment Management LLC lowered its position in Titan International Inc (NYSE:TWI) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 598,630 shares of the industrial products company’s stock after selling 29,764 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 1.00% of Titan International worth $2,790,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Titan International by 5.4% during the third quarter. BlackRock Inc. now owns 7,657,382 shares of the industrial products company’s stock worth $56,817,000 after purchasing an additional 389,478 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Titan International by 141.2% during the third quarter. JPMorgan Chase & Co. now owns 280,343 shares of the industrial products company’s stock worth $2,080,000 after purchasing an additional 164,128 shares during the last quarter. Morgan Stanley raised its stake in shares of Titan International by 102.3% during the third quarter. Morgan Stanley now owns 271,079 shares of the industrial products company’s stock worth $2,011,000 after purchasing an additional 137,098 shares during the last quarter. Jefferies Financial Group Inc. raised its stake in shares of Titan International by 107.7% during the fourth quarter. Jefferies Financial Group Inc. now owns 239,959 shares of the industrial products company’s stock worth $1,118,000 after purchasing an additional 124,449 shares during the last quarter. Finally, Vanguard Group Inc raised its stake in shares of Titan International by 2.9% during the third quarter. Vanguard Group Inc now owns 4,082,672 shares of the industrial products company’s stock worth $30,293,000 after purchasing an additional 115,819 shares during the last quarter. Institutional investors own 83.95% of the company’s stock.

Several research firms have recently commented on TWI. ValuEngine upgraded Titan International from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 7th. TheStreet upgraded Titan International from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. Sidoti set a $10.00 price target on Titan International and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Finally, Zacks Investment Research cut Titan International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Titan International presently has a consensus rating of “Hold” and an average target price of $11.44.

TWI stock traded down $0.10 on Monday, reaching $6.57. 214,500 shares of the company’s stock were exchanged, compared to its average volume of 445,856. Titan International Inc has a twelve month low of $4.35 and a twelve month high of $12.90. The firm has a market capitalization of $395.65 million, a PE ratio of 24.33 and a beta of 1.70. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.08 and a quick ratio of 1.02.

Titan International (NYSE:TWI) last announced its quarterly earnings data on Thursday, March 7th. The industrial products company reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.16). Titan International had a return on equity of 2.49% and a net margin of 0.14%. The business had revenue of $363.10 million for the quarter, compared to analyst estimates of $385.08 million. During the same period in the prior year, the company earned ($0.10) EPS. The company’s revenue was down 3.4% on a year-over-year basis. Equities research analysts expect that Titan International Inc will post 0.63 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Thursday, March 28th. Titan International’s dividend payout ratio is presently 7.41%.

WARNING: “Brandywine Global Investment Management LLC Has $2.79 Million Position in Titan International Inc (NYSE:TWI)” was first reported by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.baseballdailydigest.com/news/2019/04/15/brandywine-global-investment-management-llc-sells-29764-shares-of-titan-international-inc-twi.html.

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 North America, Europe, Latin America, the Commonwealth of Independent States region, and internationally. The company operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.

Recommended Story: What is dollar cost averaging (DCA)?

Institutional Ownership by Quarter for Titan International (NYSE:TWI)

Receive News & Ratings for Titan International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan International and related companies with MarketBeat.com's FREE daily email newsletter.