Dimensional Fund Advisors LP Grows Stake in Titan International, Inc. (NYSE:TWI)

Posted by on May 30th, 2023

Dimensional Fund Advisors LP raised its stake in Titan International, Inc. (NYSE:TWI – Get Rating) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,941,390 shares of the industrial products company’s stock after acquiring an additional 32,789 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.68% of Titan International worth $45,062,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. boosted its stake in Titan International by 5.3% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 13,248 shares of the industrial products company’s stock valued at $161,000 after acquiring an additional 664 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of Titan International by 1.4% during the 4th quarter. SummerHaven Investment Management LLC now owns 54,712 shares of the industrial products company’s stock valued at $838,000 after buying an additional 762 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Titan International by 0.4% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 218,217 shares of the industrial products company’s stock valued at $3,214,000 after buying an additional 805 shares in the last quarter. Barclays PLC lifted its stake in shares of Titan International by 3.0% during the 3rd quarter. Barclays PLC now owns 41,420 shares of the industrial products company’s stock valued at $503,000 after buying an additional 1,220 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Titan International by 65.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,516 shares of the industrial products company’s stock valued at $51,000 after buying an additional 1,388 shares in the last quarter. 79.43% of the stock is currently owned by hedge funds and other institutional investors.

Titan International Stock Performance

Shares of TWI stock opened at $10.56 on Tuesday. The stock has a market capitalization of $666.65 million, a P/E ratio of 3.64 and a beta of 2.19. The company has a current ratio of 2.07, a quick ratio of 1.24 and a debt-to-equity ratio of 0.98. The firm’s 50 day moving average is $10.35 and its 200 day moving average is $13.22. Titan International, Inc. has a 12 month low of $9.23 and a 12 month high of $19.81.

Titan International (NYSE:TWI – Get Rating) last posted its earnings results on Monday, February 27th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01). Titan International had a return on equity of 40.65% and a net margin of 8.52%. The firm had revenue of $509.77 million during the quarter, compared to analysts’ expectations of $523.31 million. On average, sell-side analysts anticipate that Titan International, Inc. will post 1.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Titan International in a research note on Thursday, May 18th. They set a “hold” rating on the stock.

Titan International Company Profile

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Titan International, Inc is a holding company engaged in the manufacture of wheels, tires, and undercarriage industrial. It operates through the following segments: Agricultural, Earthmoving and Construction, and Consumer. The Agricultural segment manufactures rims, wheels, and tires for use in various agricultural and forestry equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.

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

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