Total Clarity Wealth Management Inc. Raises Stake in Titan International, Inc. (NYSE:TWI)

Total Clarity Wealth Management Inc. increased its stake in Titan International, Inc. (NYSE:TWI) by 183.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 48,503 shares of the industrial products company’s stock after acquiring an additional 31,386 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Titan International were worth $359,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TWI. Truist Financial Corp purchased a new position in shares of Titan International during the fourth quarter worth approximately $357,000. Victory Capital Management Inc. bought a new stake in Titan International during the 4th quarter valued at $419,000. Charles Schwab Investment Management Inc. raised its position in Titan International by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,146 shares of the industrial products company’s stock valued at $7,844,000 after purchasing an additional 1,927 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Titan International by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,407,435 shares of the industrial products company’s stock worth $50,703,000 after buying an additional 215,637 shares during the period. Finally, Panagora Asset Management Inc. grew its position in shares of Titan International by 52.2% during the 4th quarter. Panagora Asset Management Inc. now owns 203,692 shares of the industrial products company’s stock worth $3,031,000 after buying an additional 69,861 shares in the last quarter. Institutional investors own 80.39% of the company’s stock.

Titan International Stock Performance

TWI stock opened at $8.30 on Tuesday. Titan International, Inc. has a 1-year low of $6.71 and a 1-year high of $15.33. The business has a 50-day moving average price of $7.99 and a 200 day moving average price of $9.28. The company has a market capitalization of $598.57 million, a P/E ratio of 9.32 and a beta of 1.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.40 and a quick ratio of 1.38.

Titan International (NYSE:TWI) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). Titan International had a net margin of 1.55% and a return on equity of 12.23%. The business had revenue of $532.17 million for the quarter, compared to analysts’ expectations of $547.02 million. As a group, equities research analysts forecast that Titan International, Inc. will post 0.42 EPS 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.