Type
|
Public |
---|---|
Traded as | NYSE: TOWR |
Industry | Automotive industry |
Founded | 1993 |
Headquarters | Livonia, Michigan, United States |
Number of locations
|
29 facilities |
Area served
|
Worldwide |
Key people
|
|
Products |
-Body structural stampings and assemblies |
Revenue | US$ 2.0 billion (FY 2016) |
Number of employees
|
8,000 |
Website | www |
-Body structural stampings and assemblies
-Chassis structural stampings and assemblies, including full frames and cradles
-Suspension components, modules and systems
Tower International is a global designer and producer of structural components and assemblies used by some major automotive vehicle manufacturers. The company's main products include body structural stampings and assemblies, chassis structural stampings and assemblies, including full frames and cradles, suspension components, modules and systems and exposed sheet metal Class A surfaces.
Headquartered in Livonia, Michigan, the company generated revenues of $2.08 billion in 2012. The company currently has 39 facilities in 13 countries in North and South America, Europe and Asia. In the Automotive News global supplier ranking for 2006, the company ranked 55th.
Tower International was founded in 1993 as R.J. Tower Corporation, and later renamed Tower Automotive. During the 1990s Tower Automotive grew quickly with multiple acquisitions in North America, Europe, Asia and South America. In February 2005, Tower Automotive, Inc. and its operating subsidiaries filed for Chapter 11 bankruptcy reorganization. In July 2007 Tower Automotive successfully emerged from Chapter 11 as an affiliate of Cerberus Capital Management, L.P, which purchased the company for $1 billion.
In October 2010, the company issued an initial public offering, intended to raise up to $122 million in order to pay off part of Tower's $654 million debt.
Tower manufactures vehicle upper-body structures, which includes large metal stampings, such as body pillars, roof rails, side members, crossmembers, floor panels and intrusion beams, as well as Class A (exterior) surfaces and assemblies, such as body panels and doors.
Tower is headquartered in Livonia, Michigan. Of its 39 facilities, it manufactures its products at 29 of them. The 29 production facilities are supported by eight engineering and sales locations.
2016-06-18 | Reiterated Rating | FBR & Co. | Buy | |
2016-06-18 | Reiterated Rating | FBR & Co | Buy | |
2016-04-29 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $27.00 |
2016-04-29 | Downgrade | Wells Fargo | Outperform to Market Perform | |
2016-04-29 | Downgrade | Wells Fargo & Co. | Outperform to Market Perform | |
2016-03-21 | Upgrade | Wells Fargo | Market Perform to Outperform | |
2016-02-12 | Reiterated Rating | FBR & Co. | Buy | $40.00 |
2015-10-20 | Boost Price Target | JPMorgan Chase & Co. | $32.00 to $33.00 | |
2015-07-01 | Initiated Coverage | Sterne Agee CRT | Buy | $34.00 |
2015-05-11 | Boost Price Target | Citigroup Inc. | Buy | $36.00 to $37.00 |
2015-05-08 | Boost Price Target | JPMorgan Chase & Co. | Neutral | $30.00 to $31.00 |
2015-04-20 | Lower Price Target | JPMorgan Chase & Co. | Neutral | $31.00 to $30.00 |
2015-02-17 | Reiterated Rating | Citigroup Inc. | Buy | $34.00 to $36.00 |
2015-02-13 | Reiterated Rating | JPMorgan Chase & Co. | Hold | $26.00 to $31.00 |
2015-01-26 | Lower Price Target | JPMorgan Chase & Co. | Neutral | $31.00 to $26.00 |
2015-01-09 | Lower Price Target | Citigroup Inc. | Buy | $35.00 to $34.00 |
2014-10-15 | Reiterated Rating | Citigroup Inc. | Buy | $39.00 to $35.00 |
2014-10-02 | Downgrade | Wells Fargo & Co. | Outperform to Market Perform | |
2014-10-02 | Downgrade | Wells Fargo | Outperform to Market Perform | |
2014-09-22 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $36.00 to $38.00 |
2014-08-04 | Reiterated Rating | Citigroup Inc. | Buy | $33.00 to $39.00 |
2014-07-22 | Reiterated Rating | JPMorgan Chase & Co. | Hold | $29.00 to $36.00 |
2014-06-11 | Boost Price Target | FBR & Co. | Outperform | $33.00 to $40.00 |
2014-05-09 | Upgrade | Keefe, Bruyette & Woods | Market Perform | |
2014-03-14 | Boost Price Target | Citigroup Inc. | $30.00 to $33.00 | |
2014-03-12 | Boost Price Target | FBR & Co. | Outperform | $28.00 to $33.00 |
2014-01-10 | Initiated Coverage | FBR & Co. | Outperform | $28.00 |
2012-12-28 | Upgrade | Robert W. Baird | Neutral to Outperform | $9 to $13 |
2016-06-18 | Reiterated Rating | FBR & Co. | Buy | |
2016-06-18 | Reiterated Rating | FBR & Co | Buy | |
2016-04-29 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $27.00 |
2016-04-29 | Downgrade | Wells Fargo | Outperform to Market Perform | |
2016-04-29 | Downgrade | Wells Fargo & Co. | Outperform to Market Perform |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In TOWR 16 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Institutional Trust Company, N.A. | 0.79M |
BlackRock Fund Advisors | 0.68M |
BLACKROCK ADVISORS LLC | 0.12M |
BlackRock Investment Management, LLC | 88232 |
Numeric Investors LLC | 81818 |
RUSSELL FRANK CO/ | 81335 |
MANAGED ACCOUNT ADVISORS LLC | 80813 |
Piermont Capital Management LLC | 62656 |
PEAK6 Investments, L.P. | 52000 |
TIAA CREF INVESTMENT MANAGEMENT LLC | 43228 |
TEACHERS ADVISORS INC | 43068 |
CORNERSTONE CAPITAL MANAGEMENT HOLDINGS LLC. | 31600 |
BlackRock Group LTD | 17171 |
Hutchin Hill Capital, LP | 7500 |
BlackRock Japan Co. Ltd | 757 |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
FEINBERG STEPHEN | 5.45% (1129744) | AVP / BXC / HCAC / HCOM / TOWR / |
Malcolm Mark President and CEO | 3.19% (660219) | GD / TOWR / |
MELEGHY GYULA President, Intl Operations | 0.83% (172468) | TOWR / |
GOUIN JAMES C EVP and CFO | 0.60% (123468) | EXTN / TOWR / |
SOMMA RANDE S Board Advisor | 0.49% (102160) | TOWR / |
Rajkovic Michael EVP and COO | 0.44% (91199) | TOWR / |
Schwentor Larry | 0.27% (55530) | TOWR / |
CHABRAJA NICHOLAS D | 0.16% (33303) | GD / NTRS / TOWR / |
KERSTEN JEFFREY L SVP & Corporate Controller | 0.15% (30199) | TOWR / |
Cook William SVP, Global Human Resources | 0.06% (11916) | TOWR / |
Malmhagen Paer President, Europe | 0.05% (10955) | TOWR / |
Bernard James President, Americas | 0.03% (7047) | TOWR / |
BROWN THOMAS K | 0.03% (6390) | CAG / MMM / TOWR / |
RADKOSKI PAUL EUGENE SVP, Global Purchasing | 0.02% (4928) | TOWR / |