ValuEngine upgraded shares of Tower International, Inc. (NYSE:TOWR) from a buy rating to a strong-buy rating in a research report report published on Thursday, July 6th.
Several other equities analysts have also commented on the company. FBR & Co reiterated an outperform rating and set a $40.00 price objective on shares of Tower International in a research report on Friday, June 30th. Zacks Investment Research lowered Tower International from a buy rating to a hold rating in a research report on Friday, May 5th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Tower International presently has an average rating of Buy and an average price target of $32.00.
Tower International (TOWR) traded down 2.36% on Thursday, reaching $22.75. The company’s stock had a trading volume of 132,952 shares. The stock’s 50 day moving average price is $22.56 and its 200 day moving average price is $25.33. The firm has a market cap of $466.12 million, a PE ratio of 10.08 and a beta of 2.57. Tower International has a 52-week low of $20.85 and a 52-week high of $30.50.
Tower International (NYSE:TOWR) last announced its earnings results on Tuesday, May 2nd. The auto parts company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.16. The business had revenue of $497.60 million for the quarter, compared to analyst estimates of $476.75 million. Tower International had a return on equity of 33.60% and a net margin of 2.47%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 EPS. Equities research analysts expect that Tower International will post $3.63 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Thursday, August 10th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.93%. Tower International’s payout ratio is 19.38%.
A number of large investors have recently added to or reduced their stakes in TOWR. Russell Investments Group Ltd. acquired a new stake in Tower International during the fourth quarter valued at $2,470,000. Bogle Investment Management L P DE acquired a new stake in Tower International during the first quarter valued at $2,662,000. Alambic Investment Management L.P. boosted its stake in Tower International by 10.2% in the first quarter. Alambic Investment Management L.P. now owns 34,500 shares of the auto parts company’s stock valued at $935,000 after buying an additional 3,200 shares during the period. LSV Asset Management boosted its position in Tower International by 2.1% in the first quarter. LSV Asset Management now owns 1,084,295 shares of the auto parts company’s stock worth $29,384,000 after buying an additional 22,600 shares during the last quarter. Finally, James Investment Research Inc. boosted its position in Tower International by 80.0% in the first quarter. James Investment Research Inc. now owns 107,260 shares of the auto parts company’s stock worth $2,907,000 after buying an additional 47,670 shares during the last quarter. Institutional investors and hedge funds own 89.67% of the company’s stock.
About Tower International
Tower International, Inc is a global manufacturer of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers (OEMs). The Company’s product portfolio includes body-structure stampings, frame and other chassis structures, and welded assemblies for small and large cars, crossovers, pickups and sport utility vehicles (SUVs).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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