Titan International, Inc. (NYSE:TWI) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp decreased its holdings in Titan International, Inc. (NYSE:TWI) by 14.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,985 shares of the industrial products company’s stock after selling 6,431 shares during the period. Texas Permanent School Fund Corp owned approximately 0.05% of Titan International worth $281,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TWI. Innealta Capital LLC acquired a new stake in Titan International in the 2nd quarter valued at about $27,000. Gladius Capital Management LP purchased a new stake in shares of Titan International in the 2nd quarter valued at approximately $30,000. nVerses Capital LLC grew its stake in shares of Titan International by 344.4% in the 2nd quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock valued at $30,000 after buying an additional 3,100 shares during the period. CWM LLC grew its stake in shares of Titan International by 46.8% in the 2nd quarter. CWM LLC now owns 8,837 shares of the industrial products company’s stock valued at $65,000 after buying an additional 2,819 shares during the period. Finally, Tradewinds Capital Management LLC purchased a new stake in shares of Titan International in the 1st quarter valued at approximately $100,000. Institutional investors and hedge funds own 80.39% of the company’s stock.

Titan International Stock Performance

Titan International stock opened at $8.12 on Monday. The firm has a 50 day simple moving average of $8.08 and a 200-day simple moving average of $9.17. Titan International, Inc. has a 1-year low of $6.71 and a 1-year high of $15.33. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.40 and a quick ratio of 1.38. The stock has a market cap of $591.71 million, a price-to-earnings ratio of 9.12 and a beta of 1.80.

Titan International (NYSE:TWI) last posted its quarterly earnings results 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 net margin of 1.55% and a return on equity of 12.23%. The firm had revenue of $532.17 million during the quarter, compared to analysts’ expectations of $547.02 million. On average, analysts expect that Titan International, Inc. will post 0.42 EPS for the current year.

Titan International Company 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.