Shares of Tower International Inc (NYSE:TOWR) have been given an average recommendation of “Buy” by the seven ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $35.00.

A number of research analysts recently commented on the company. ValuEngine lowered Tower International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. B. Riley restated a “buy” rating on shares of Tower International in a research note on Wednesday, November 1st. FBR & Co restated a “buy” rating and issued a $40.00 target price on shares of Tower International in a research note on Tuesday, October 31st. BidaskClub lowered Tower International from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research lowered Tower International from a “buy” rating to a “hold” rating in a research note on Saturday, December 30th.

A number of large investors have recently made changes to their positions in the business. EAM Investors LLC bought a new stake in Tower International in the fourth quarter valued at $2,087,000. UBS Asset Management Americas Inc. bought a new stake in Tower International in the fourth quarter valued at $217,000. Capital Fund Management S.A. grew its position in Tower International by 17.1% in the fourth quarter. Capital Fund Management S.A. now owns 18,500 shares of the auto parts company’s stock valued at $565,000 after acquiring an additional 2,700 shares during the period. Icon Advisers Inc. Co. grew its position in Tower International by 15.0% in the fourth quarter. Icon Advisers Inc. Co. now owns 25,300 shares of the auto parts company’s stock valued at $773,000 after acquiring an additional 3,300 shares during the period. Finally, Eqis Capital Management Inc. grew its position in Tower International by 52.6% in the fourth quarter. Eqis Capital Management Inc. now owns 14,514 shares of the auto parts company’s stock valued at $443,000 after acquiring an additional 5,002 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Shares of Tower International (NYSE:TOWR) traded down $1.15 during midday trading on Friday, hitting $26.15. The company had a trading volume of 162,454 shares, compared to its average volume of 81,714. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $560.43, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 0.69 and a beta of 2.48. Tower International has a twelve month low of $21.00 and a twelve month high of $33.65.

Tower International (NYSE:TOWR) last issued its earnings results on Tuesday, February 13th. The auto parts company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.02. The business had revenue of $538.00 million during the quarter, compared to analyst estimates of $531.15 million. Tower International had a return on equity of 30.51% and a net margin of 3.58%. Tower International’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.02 earnings per share. equities analysts anticipate that Tower International will post 3.7 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 9th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Thursday, February 8th. Tower International’s dividend payout ratio (DPR) is 15.64%.

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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).

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