Tower International Inc (NYSE:TOWR) has been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $30.00.
A number of analysts have recently issued reports on TOWR shares. Zacks Investment Research downgraded shares of Tower International from a “hold” rating to a “sell” rating in a report on Saturday, January 26th. ValuEngine downgraded shares of Tower International from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Seaport Global Securities initiated coverage on shares of Tower International in a report on Wednesday, February 13th. They issued a “neutral” rating for the company. Roth Capital set a $32.00 target price on shares of Tower International and gave the company a “buy” rating in a report on Thursday, February 14th. Finally, TheStreet downgraded shares of Tower International from a “b-” rating to a “c+” rating in a report on Monday, March 25th.
Shares of NYSE TOWR traded up $0.23 during midday trading on Thursday, reaching $19.79. 155,819 shares of the stock were exchanged, compared to its average volume of 138,623. The company has a market capitalization of $404.57 million, a P/E ratio of 5.65 and a beta of 2.07. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.39 and a quick ratio of 1.19. Tower International has a twelve month low of $19.08 and a twelve month high of $36.65.
Tower International (NYSE:TOWR) last announced its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.07. The business had revenue of $378.74 million during the quarter, compared to the consensus estimate of $373.25 million. Tower International had a net margin of 1.44% and a return on equity of 21.15%. The business’s revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 EPS. As a group, research analysts expect that Tower International will post 2.2 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 9th will be issued a $0.13 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $0.52 annualized dividend and a yield of 2.63%. Tower International’s dividend payout ratio (DPR) is presently 14.86%.
Institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its position in Tower International by 177.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,130 shares of the auto parts company’s stock valued at $87,000 after buying an additional 2,643 shares during the period. Meeder Asset Management Inc. lifted its position in shares of Tower International by 35.3% during the 4th quarter. Meeder Asset Management Inc. now owns 3,979 shares of the auto parts company’s stock worth $94,000 after purchasing an additional 1,038 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Tower International by 16.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,469 shares of the auto parts company’s stock worth $130,000 after purchasing an additional 760 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Tower International during the 1st quarter worth $138,000. Finally, Metropolitan Life Insurance Co. NY lifted 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 worth $155,000 after purchasing an additional 5,004 shares during the last quarter. Hedge funds and other institutional investors own 91.99% 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 Brazil. 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.
Further Reading: Support Level
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