Donald Smith & CO. Inc. Invests $3.23 Million in Titan International, Inc. (NYSE:TWI)

Donald Smith & CO. Inc. acquired a new stake in Titan International, Inc. (NYSE:TWI) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 397,800 shares of the industrial products company’s stock, valued at approximately $3,234,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Diversified Trust Co acquired a new stake in shares of Titan International during the 1st quarter valued at approximately $194,000. Denali Advisors LLC acquired a new position in Titan International during the first quarter worth $506,000. BNP Paribas Financial Markets boosted its position in Titan International by 51.0% during the first quarter. BNP Paribas Financial Markets now owns 40,001 shares of the industrial products company’s stock worth $498,000 after purchasing an additional 13,507 shares in the last quarter. Capital Investment Counsel Inc grew its holdings in Titan International by 4.6% in the first quarter. Capital Investment Counsel Inc now owns 114,840 shares of the industrial products company’s stock valued at $1,431,000 after purchasing an additional 5,057 shares during the last quarter. Finally, LSV Asset Management increased its position in shares of Titan International by 3.4% in the first quarter. LSV Asset Management now owns 780,700 shares of the industrial products company’s stock valued at $9,728,000 after buying an additional 25,941 shares in the last quarter. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Titan International Price Performance

Shares of NYSE:TWI traded up $0.14 during midday trading on Wednesday, hitting $7.41. 124,541 shares of the stock were exchanged, compared to its average volume of 499,773. The stock has a market cap of $534.70 million, a P/E ratio of 16.52 and a beta of 1.79. Titan International, Inc. has a twelve month low of $6.71 and a twelve month high of $15.33. The company has a 50 day moving average price of $7.74 and a 200-day moving average price of $8.21. The company has a current ratio of 2.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.87.

Titan International (NYSE:TWI) last announced its earnings results on Wednesday, July 31st. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). The business had revenue of $532.17 million for the quarter, compared to analyst estimates of $547.02 million. Titan International had a return on equity of 12.23% and a net margin of 1.55%. On average, research analysts forecast that Titan International, Inc. will post 0.41 earnings per share for the current year.

Titan International Profile

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.