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TWI $12.46

TWI target price
12.46
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0
Titan International Inc
Traded as NYSE: TWI
S&P 600 Component
Website www.titan-intl.com
Titan Tire Corporation
Industry Tires
Predecessor Dyneer Corporation, Pirelli Armstrong Tire Corporation, Fidelity Tire, Goodyear Farm Tires, Continental AG, Denman Tire
Founded 1993
Founder Maurice M. Taylor Jr.
Headquarters Quincy, Illinois, United States
Number of locations
Des Moines, Iowa, USA
Freeport, Illinois, USA
Bryan, Ohio, USA
Union City, Tennessee USA
Sao Paulo, Brazil
Parent Titan International
Website http://www.titan-intl.com/

The Titan Tire Corporation is an American tire corporation that was formed in 1993 by Maurice M. Taylor Jr., the then owner of Titan Wheel, when Titan purchased the Dyneer Corporation, which manufactured various off-road tires. Titan is the third largest manufacturer of off-road tires in North America. They continued expanding their product offering and reach by purchasing the off-road tire assets of Pirelli Armstrong Tire Corporation in 1994. The Titan Tire Corporation was split off as a subsidiary of Titan International (NYSE: TWI) in 1997.

The assets of Fidelity Tire, based in Natchez, Mississippi, was purchased from Bankruptcy Court in 1998, and the company refocused with the sale of its golf-cart, all-terrain vehicle, and lawn tractor tires and facilities in Clinton, Tennessee, and Slinger, Wisconsin to the Carlisle Tire & Wheel Company in 2000.

In 2005, Titan purchased the farm tire business of Goodyear, and continues manufacturing Goodyear agricultural tires under license. This acquisition included the plant in Freeport, Illinois. Titan again expanded in 2006 with the purchase of Continental AG's off-the-road (OTR) tire assets in Bryan, Ohio. Titan acquired it for about $53 million.

In 2010, Titan purchased the assets of Leavittsburg, Ohio based Denman Tire in bankruptcy court for US$4.4 million. This purchase includes the consumer-related tires (on-road) as well, which Titan is considering to divest.

In November 2011 Titan Purchased Goodyear's Union City, TN plant four months after Goodyear closed it. It initially will be used for mixing raw materials for other Titan production facilities.

Titan announced that they have purchased the assets of Goodyear's Latin American off-road tire business for US$98.6 million. This includes the plant in Sao Paulo, Brazil, and a licensing agreement that allows Titan to continue manufacturing under the Goodyear brand, similar to its 2005 purchase of Goodyear's US farm tire assets.

Titan has manufactured tires for Caterpillar under the Caterpillar brand since 1999. OEM customers include John Deere, AGCO, Case IH/Case Construction, New Holland, Caterpillar and Kubota.

Titan manufactures under the Titan and Goodyear brands.

http://industrytoday.com/article_view.asp?ArticleID=596

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-01 Future report Set alerts
Q2 2022 2022-08-01 0.79 0.79
Q1 2022 2022-05-02 0.44 0.44
Q4 2021 2022-03-03 0.39 0.39
Q3 2021 2021-11-03 0.17 0.17
Q2 2021 2021-07-29 0.22 0.22
Q1 2021 2021-05-06 0.07 0.07
Q4 2020 2021-03-04 -0.36 -0.36
Q3 2020 2020-11-05 -0.21 -0.21
Q2 2020 2020-08-06 -0.08 -0.08

Ratings

2016-02-26 Upgrade Feltl & Co. Buy to Strong-Buy $9.15
2016-01-20 Lower Price Target Jefferies Group Hold $6.00 to $4.00
2015-11-19 Downgrade Goldman Sachs Neutral to Sell $8.00 to $3.00
2015-11-19 Downgrade Goldman Sachs Group Inc. Neutral to Sell $8.00 to $3.00
2015-10-15 Initiated Coverage Avondale Partners Outperform $16.00
2015-09-28 Reiterated Rating Jefferies Group Hold $10.00
2015-08-04 Initiated Coverage Oppenheimer Buy $13.00
2015-08-04 Initiated Coverage Oppenheimer Holdings Inc. Buy $13.00
2015-05-06 Initiated Coverage Goldman Sachs Neutral $12.00
2015-05-01 Upgrade Feltl & Co. Hold to Buy $11.00 to $16.88
2015-04-06 Initiated Coverage Wm Smith Not Rated $12.00
2014-04-24 Lower Price Target Oppenheimer Outperform $21.00 to $19.00
2013-12-05 Boost Price Target FBR & Co. Outperform $19.00 to $21.00
2013-11-04 Lower Price Target Oppenheimer Outperform $21.00 to $19.00
2013-10-30 Lower Price Target Jefferies Group Hold $18.00 to $16.00
2013-10-29 Lower Price Target Janney Montgomery Scott $14.00 to $12.00
2013-06-10 Downgrade Feltl & Co. Buy to Hold $29.20 to $22
2013-06-10 Downgrade BB&T Capital Mkts Buy to Hold
2013-02-26 Reiterated Feltl & Co. Buy $29.70 to $28
2012-07-27 Downgrade Feltl & Co. Strong Buy to Buy $37.50 to $32.40
2011-04-28 Upgrade Feltl & Co. Buy to Strong Buy $32.80 to $41.40
2011-03-15 Initiated Feltl & Co. Buy $28.38
2011-01-12 Initiated Boenning & Scattergood Neutral
2010-10-06 Upgrade Morgan Joseph Hold to Buy $18
2010-04-19 Downgrade Morgan Joseph Buy to Hold
2010-04-14 Upgrade Sterne Agee Neutral to Buy $9.30 to $14
2010-03-02 Initiated Morgan Joseph Buy $10
2009-12-04 Initiated Sterne Agee Neutral $10
2008-11-25 Downgrade Oppenheimer Outperform to Perform
2016-02-26 Upgrade Feltl & Co. Buy to Strong-Buy $9.15
2016-01-20 Lower Price Target Jefferies Group Hold $6.00 to $4.00
2015-11-19 Downgrade Goldman Sachs Neutral to Sell $8.00 to $3.00
2015-11-19 Downgrade Goldman Sachs Group Inc. Neutral to Sell $8.00 to $3.00
2015-10-15 Initiated Coverage Avondale Partners Outperform $16.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
RACHESKY MARK H MD 13.43%  (7200427) EMIS / KEG / LEAP / LGF / LORL / NAV / TWI /
JANA PARTNERS LLC 4.89%  (2621762) CCIX / CVEO / HDS / OIS / OUTR / SVU / TMH / TWI /
TAYLOR MAURICE M JR Chairman & CEO 0.84%  (449870) TWI /
QUAIN MITCHELL I 0.24%  (127250) ALOT / HDNG / HNH / MAG / ROLL / TECUA / TWI / XRM /
Reitz Paul G Chief Financial Officer 0.13%  (68925) TWI /
TROYANOVICH MICHAEL G Secretary&Asst General Counsel 0.10%  (51285) TWI /
CAMPBELL WILLIAM E Executive Vice President 0.09%  (50000) TWI /
MCNITT PETER 0.09%  (50000) HUBG / TWI /
CAMPBELL EDWARD J 0.06%  (31250) TWI /
BILLIG ERWIN H Vice Chairman 0.05%  (27750) TWI /
Hrudicka John R Chief Financial Officer 0.05%  (25000) MEI / TWI /
COWGER GARY L 0.04%  (23760) DLPH / TECUA / TWI /
FEBBO ALBERT J 0.03%  (18000) TWI /
HACKAMACK KENT W Vice President & Treasurer 0.02%  (10266) TWI /
HOLLEY CHERI T Vice President & Secretary 0.01%  (6054) TWI /
SOAVE ANTHONY L 0.01%  (5000) TWI /
Froisland James M CFO & CIO 0.01%  (5000) INFU / TWI / WSTL /