Hartford Investment Management Co. held its stake in Titan International, Inc. (NYSE:TWI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,400 shares of the industrial products company’s stock at the end of the second quarter. Hartford Investment Management Co.’s holdings in Titan International were worth $185,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in TWI. State Street Corp boosted its stake in Titan International by 7.0% in the fourth quarter. State Street Corp now owns 968,171 shares of the industrial products company’s stock worth $10,852,000 after buying an additional 62,930 shares during the last quarter. Essex Investment Management Co. LLC boosted its stake in Titan International by 40.4% in the first quarter. Essex Investment Management Co. LLC now owns 121,284 shares of the industrial products company’s stock worth $1,254,000 after buying an additional 34,921 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Titan International during the fourth quarter worth $580,000. Fishman Jay A Ltd. MI boosted its stake in Titan International by 2.1% in the first quarter. Fishman Jay A Ltd. MI now owns 2,730,882 shares of the industrial products company’s stock worth $28,237,000 after buying an additional 55,095 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in Titan International by 16.0% in the first quarter. Thrivent Financial For Lutherans now owns 27,230 shares of the industrial products company’s stock worth $282,000 after buying an additional 3,750 shares during the last quarter. 85.35% of the stock is currently owned by institutional investors.

Shares of Titan International, Inc. (NYSE:TWI) traded up 1.132% during trading on Tuesday, hitting $10.275. 303,745 shares of the stock were exchanged. Titan International, Inc. has a 12-month low of $7.79 and a 12-month high of $14.23. The firm has a 50 day moving average of $12.15 and a 200-day moving average of $11.50. The company’s market cap is $612.98 million.

Titan International (NYSE:TWI) last released its earnings results on Thursday, August 3rd. The industrial products company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.18. The business had revenue of $364.40 million for the quarter, compared to analysts’ expectations of $352.13 million. Titan International had a negative net margin of 3.23% and a negative return on equity of 10.79%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.04) earnings per share. On average, analysts forecast that Titan International, Inc. will post ($0.11) earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.20%. The ex-dividend date was Wednesday, June 28th. Titan International’s dividend payout ratio (DPR) is currently -2.44%.

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A number of analysts have weighed in on TWI shares. Zacks Investment Research raised shares of Titan International from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Friday, June 30th. TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a report on Friday, June 30th. BidaskClub raised shares of Titan International from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Sidoti raised shares of Titan International from a “neutral” rating to a “buy” rating in a report on Tuesday, April 18th. Finally, Jefferies Group LLC reissued an “underperform” rating and set a $14.00 price objective (up previously from $11.50) on shares of Titan International in a report on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Titan International has an average rating of “Buy” and a consensus price target of $14.00.

About Titan International

Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.

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

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