Meeder Asset Management Inc. increased its position in shares of Tower International Inc (NYSE:TOWR) by 35.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,979 shares of the auto parts company’s stock after buying an additional 1,038 shares during the period. Meeder Asset Management Inc.’s holdings in Tower International were worth $94,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. United Services Automobile Association bought a new position in Tower International during the second quarter worth $262,000. Piermont Capital Management Inc. bought a new stake in Tower International in the third quarter valued at $1,559,000. Paloma Partners Management Co bought a new stake in Tower International in the second quarter valued at $275,000. O Shaughnessy Asset Management LLC bought a new stake in Tower International in the third quarter valued at $142,000. Finally, Seizert Capital Partners LLC bought a new stake in Tower International in the third quarter valued at $3,620,000. 91.28% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on TOWR shares. ValuEngine upgraded shares of Tower International from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Zacks Investment Research cut shares of Tower International from a “buy” rating to a “hold” rating in a report on Wednesday, November 28th. Citigroup reduced their price objective on shares of Tower International from $34.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, October 12th. Finally, Roth Capital set a $36.00 price objective on shares of Tower International and gave the company a “buy” rating in a report on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Tower International presently has an average rating of “Hold” and a consensus price target of $30.50.

Shares of NYSE TOWR opened at $29.16 on Monday. The stock has a market cap of $600.90 million, a PE ratio of 7.76, a price-to-earnings-growth ratio of 0.89 and a beta of 2.03. Tower International Inc has a 1 year low of $22.67 and a 1 year high of $36.65. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 0.93.

Tower International (NYSE:TOWR) last issued its quarterly earnings data on Monday, October 29th. The auto parts company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.11. The firm had revenue of $524.57 million during the quarter, compared to analysts’ expectations of $512.78 million. Tower International had a net margin of 2.68% and a return on equity of 29.06%. The business’s revenue was up 13.5% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. As a group, research analysts anticipate that Tower International Inc will post 4.12 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Thursday, February 7th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Wednesday, February 6th. Tower International’s dividend payout ratio is currently 13.83%.

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Tower International Profile

Tower International, Inc manufactures and sells engineered automotive structural metal components and assemblies primarily for original equipment manufacturers. It operates in two segments, North America and Europe. The company provides body structures and assemblies, including structural metal components, which comprise body pillars, roof rails, and side sills; and Class A surfaces and assemblies that consist of body sides, hoods, doors, fenders, and pickup truck boxes.

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Institutional Ownership by Quarter for Tower International (NYSE:TOWR)

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