Titan International (TWI)

• Market cap: $432M
• 1 day: 4.55%
• 5 days: 11.96%
• 1 month: -14.83%
• 3 months: -8.89%
• 6 months: 5.42%
• Year to date: 11.63%
• 1 year: -35.76%
• 5 years: 582.88%
• 10 years: -19.28%
• Sector: Industrials
• Industry: Farm & Heavy Construction Machinery

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: 8,303

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

27% more call options, than puts

Call options by funds: $242K | Put options by funds: $191K

17% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 29

2% more funds holding

Funds holding: 181 [Q3] → 184 (+3) [Q4]

12.61% less ownership

Funds ownership: 91.76% [Q3] → 79.15% (-12.61%) [Q4]

27% less capital invested

Capital invested by funds: $538M [Q3] → $392M (-$147M) [Q4]

29% less repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 68

50% less funds holding in top 10

Funds holding in top 10: 2 [Q3] → 1 (-1) [Q4]

Research analyst outlook

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

• Low target: $11 45% upside
• Avg. target: $11 45% upside
• High target: $11 45% upside

1 analyst rating

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

Cantor Fitzgerald Derek Soderberg 11% 1-year accuracy 2 / 18 met price target

45% upside $11

Overweight Initiated

20 Mar 2025