LSV Asset Management Purchases 47,600 Shares of Titan International, Inc. (NYSE:TWI)

LSV Asset Management grew its position in shares of Titan International, Inc. (NYSE:TWI) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 828,300 shares of the industrial products company’s stock after buying an additional 47,600 shares during the quarter. LSV Asset Management owned approximately 1.15% of Titan International worth $6,138,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TWI. Vanguard Group Inc. grew its position in Titan International by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 3,878,594 shares of the industrial products company’s stock worth $48,327,000 after acquiring an additional 10,537 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Titan International by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,407,435 shares of the industrial products company’s stock valued at $50,703,000 after buying an additional 215,637 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Titan International by 2,689.3% in the second quarter. Victory Capital Management Inc. now owns 1,220,344 shares of the industrial products company’s stock valued at $9,043,000 after buying an additional 1,176,593 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Titan International by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,146 shares of the industrial products company’s stock valued at $7,844,000 after buying an additional 1,927 shares during the last quarter. Finally, Grace & White Inc. NY lifted its position in Titan International by 68.7% during the 2nd quarter. Grace & White Inc. NY now owns 403,828 shares of the industrial products company’s stock worth $2,992,000 after buying an additional 164,500 shares in the last quarter. 80.39% of the stock is owned by institutional investors.

Titan International Trading Up 0.6 %

TWI opened at $8.00 on Thursday. Titan International, Inc. has a 1-year low of $6.71 and a 1-year high of $15.33. The stock has a market capitalization of $576.92 million, a PE ratio of 8.98 and a beta of 1.80. The company has a current ratio of 2.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average price of $7.92 and a two-hundred day moving average price of $9.43.

Titan International (NYSE:TWI) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.15). Titan International had a return on equity of 12.23% and a net margin of 1.55%. The company had revenue of $532.17 million during the quarter, compared to the consensus estimate of $547.02 million. As a group, equities analysts anticipate that Titan International, Inc. will post 0.42 earnings per share for the current fiscal year.

About Titan International

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.