Titan International (TWI)

• Market cap: $430M
• 1 day: -1.59%
• 5 days: -2.16%
• 1 month: -8.47%
• 3 months: -16.24%
• 6 months: -6.58%
• Year to date: -54.17%
• 1 year: -54.17%
• 5 years: 86.58%
• 10 years: -37.06%
• Sector: Materials
• Industry: Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

About: Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. The company operates through three segments namely Agricultural, Earthmoving/Construction, and Consumer. Geographically, business of the group can be seen in the United States, Europe / CIS, Latin America and Other international. Titan derives majority of the revenue from Agricultural segment which manufacture various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers and Titan's own distribution centers.

Employees: 6,900

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

8% more capital invested

Capital invested by funds: $504M [Q2] → $544M (+$39.9M) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

1% less funds holding

Funds holding: 180 [Q2] → 179 (-1) [Q3]

3% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 31

7% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 58

1.55% less ownership

Funds ownership: 93.4% [Q2] → 91.85% (-1.55%) [Q3]

61% less call options, than puts

Call options by funds: $962K | Put options by funds: $2.46M

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $11 62% upside
• Avg. target: $11 62% upside
• High target: $11 62% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

DA Davidson Michael Shlisky 38% 1-year accuracy 10 / 26 met price target

62% upside $11

Buy Initiated

13 Dec 2024