Titan International (NYSE:TWI) Now Covered by DA Davidson

DA Davidson assumed coverage on shares of Titan International (NYSE:TWI) in a research report sent to investors on Friday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $11.00 price target on the industrial products company’s stock.

Separately, StockNews.com raised shares of Titan International from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

Titan International Price Performance

TWI opened at $8.17 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. The stock’s 50 day simple moving average is $7.20 and its 200 day simple moving average is $7.60. The firm has a market cap of $515.53 million, a price-to-earnings ratio of -68.04 and a beta of 1.83. Titan International has a 1 year low of $6.34 and a 1 year high of $15.33.

Institutional Investors Weigh In On Titan International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Villanova Investment Management Co LLC bought a new position in shares of Titan International during the third quarter valued at approximately $1,110,000. Victory Capital Management Inc. increased its position in Titan International by 31.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock valued at $13,083,000 after purchasing an additional 388,864 shares during the period. Donald Smith & CO. Inc. bought a new position in Titan International in the 3rd quarter worth $3,234,000. Creative Planning lifted its position in shares of Titan International by 80.2% in the 3rd quarter. Creative Planning now owns 73,151 shares of the industrial products company’s stock worth $595,000 after purchasing an additional 32,562 shares during the period. Finally, Denali Advisors LLC boosted its stake in shares of Titan International by 582.0% during the 2nd quarter. Denali Advisors LLC now owns 276,887 shares of the industrial products company’s stock valued at $2,052,000 after purchasing an additional 236,287 shares in the last quarter. Hedge funds and other institutional investors own 80.39% of the company’s 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.