Titan International Target of Unusually Large Options Trading (TWI)

Titan International Inc (NYSE:TWI) saw unusually large options trading on Thursday. Stock investors purchased 7,582 call options on the company. This represents an increase of approximately 2,570% compared to the average daily volume of 284 call options.

TWI stock traded down $0.03 during trading on Friday, hitting $5.53. The stock had a trading volume of 194,859 shares, compared to its average volume of 363,763. The company has a current ratio of 1.91, a quick ratio of 1.02 and a debt-to-equity ratio of 1.49. Titan International has a twelve month low of $4.35 and a twelve month high of $12.38. The stock has a market cap of $333.60 million, a price-to-earnings ratio of 20.48 and a beta of 1.75.

Titan International (NYSE:TWI) last issued its earnings results on Friday, May 3rd. The industrial products company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.13). The company had revenue of $410.40 million for the quarter, compared to analyst estimates of $429.30 million. Titan International had a negative return on equity of 2.44% and a negative net margin of 0.77%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 earnings per share. As a group, equities analysts forecast that Titan International will post 0.37 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Thursday, March 28th. Titan International’s dividend payout ratio is currently 7.41%.

TWI has been the subject of a number of recent research reports. TheStreet upgraded Titan International from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. ValuEngine upgraded Titan International from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 7th. Sidoti set a $10.00 price target on Titan International and gave the company a “buy” rating in a research note on Wednesday, February 20th. Finally, Zacks Investment Research lowered Titan International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $11.44.

Several institutional investors have recently modified their holdings of TWI. Rutabaga Capital Management LLC MA purchased a new position in shares of Titan International during the 1st quarter worth approximately $5,997,000. Swiss National Bank increased its stake in shares of Titan International by 5.0% during the 1st quarter. Swiss National Bank now owns 92,800 shares of the industrial products company’s stock worth $554,000 after purchasing an additional 4,400 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Titan International by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,586,438 shares of the industrial products company’s stock worth $27,381,000 after purchasing an additional 234,746 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Titan International by 87.9% during the 1st quarter. Wells Fargo & Company MN now owns 158,613 shares of the industrial products company’s stock worth $947,000 after purchasing an additional 74,220 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Titan International by 0.8% during the 1st quarter. BlackRock Inc. now owns 7,857,667 shares of the industrial products company’s stock worth $46,910,000 after purchasing an additional 65,432 shares in the last quarter. Institutional investors and hedge funds own 83.70% of the company’s stock.

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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.

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