Tower International Inc (NYSE:TOWR) has received an average rating of “Hold” from the five ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $30.00.
Several brokerages have recently commented on TOWR. ValuEngine upgraded shares of Tower International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Zacks Investment Research upgraded shares of Tower International from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Thursday, November 1st. Finally, Roth Capital set a $36.00 price objective on shares of Tower International and gave the company a “buy” rating in a research report on Tuesday, October 30th.
Get Tower International alerts:TOWR traded up $0.46 during trading on Wednesday, hitting $25.28. The company’s stock had a trading volume of 249,068 shares, compared to its average volume of 161,246. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 0.93. Tower International has a one year low of $22.67 and a one year high of $36.65. The company has a market capitalization of $520.95 million, a PE ratio of 7.22, a PEG ratio of 1.04 and a beta of 2.19.
Tower International (NYSE:TOWR) last released its quarterly earnings results on Tuesday, February 12th. The auto parts company reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.40). Tower International had a return on equity of 25.31% and a net margin of 2.42%. The business had revenue of $377.27 million during the quarter, compared to the consensus estimate of $524.30 million. During the same quarter in the previous year, the business posted $0.96 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Equities analysts forecast that Tower International will post 2.95 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Thursday, February 7th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, February 6th. This represents a $0.52 annualized dividend and a dividend yield of 2.06%. Tower International’s payout ratio is 14.86%.
Several hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in shares of Tower International by 134.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 26,980 shares of the auto parts company’s stock valued at $642,000 after purchasing an additional 15,462 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in shares of Tower International during the 4th quarter valued at $687,000. Metropolitan Life Insurance Co. NY raised its position in shares of Tower International by 334.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,499 shares of the auto parts company’s stock valued at $155,000 after purchasing an additional 5,004 shares during the period. Oberweis Asset Management Inc. raised its position in shares of Tower International by 21.5% during the 4th quarter. Oberweis Asset Management Inc. now owns 19,180 shares of the auto parts company’s stock valued at $456,000 after purchasing an additional 3,400 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Tower International by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 220,387 shares of the auto parts company’s stock valued at $5,245,000 after purchasing an additional 15,455 shares during the period. Hedge funds and other institutional investors own 89.89% of the company’s stock.
Tower International Company Profile
Tower International, Inc manufactures and sells engineered automotive structural metal components and assemblies primarily for original equipment manufacturers. It operates in two segments, North America and Europe. The company provides body structures and assemblies, including structural metal components, which comprise body pillars, roof rails, and side sills; and Class A surfaces and assemblies that consist of body sides, hoods, doors, fenders, and pickup truck boxes.
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