Capital Investment Counsel Inc Buys 25,275 Shares of Titan International, Inc. (NYSE:TWI)

Capital Investment Counsel Inc grew its holdings in Titan International, Inc. (NYSE:TWI) by 21.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 143,878 shares of the industrial products company’s stock after acquiring an additional 25,275 shares during the quarter. Capital Investment Counsel Inc owned 0.23% of Titan International worth $977,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Villanova Investment Management Co LLC bought a new stake in shares of Titan International in the third quarter worth about $1,110,000. Total Clarity Wealth Management Inc. bought a new stake in shares of Titan International in the fourth quarter worth about $193,000. Victory Capital Management Inc. increased its holdings in shares of Titan International by 31.9% in the third quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock worth $13,083,000 after acquiring an additional 388,864 shares in the last quarter. Barclays PLC increased its holdings in shares of Titan International by 207.1% in the third quarter. Barclays PLC now owns 107,669 shares of the industrial products company’s stock worth $877,000 after acquiring an additional 72,612 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Titan International by 136.2% in the fourth quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 3,132 shares in the last quarter. 80.39% of the stock is currently owned by institutional investors.

Titan International Price Performance

TWI stock opened at $9.24 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. The business has a 50-day moving average of $7.76 and a 200-day moving average of $7.62. Titan International, Inc. has a fifty-two week low of $6.34 and a fifty-two week high of $14.27.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TWI shares. DA Davidson started coverage on Titan International in a report on Friday, December 13th. They issued a “buy” rating and a $11.00 price target for the company. StockNews.com raised Titan International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th.

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.