Tower International, Inc. (NYSE:TOWR) is expected to pay $0.11 on Dec 9, 2016. The indicated annual dividend is $0.44. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Tower International, Inc.’s current price of $23.20, the dividend is 0.47%. This dividend’s record date is Nov 10, 2016 and the announcement date is Oct 21, 2016. The stock increased 0.87% or $0.2 on November 4, hitting $23.2. Tower International Inc (NYSE:TOWR) has declined 13.17% since April 5, 2016 and is downtrending. It has underperformed by 15.13% the S&P500.
Tower International, Inc. is a global maker of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers . The company has a market cap of $510.93 million. The Firm operates in two divisions: Americas and International. It has a 2.95 P/E ratio. The International segment consists of Europe and Asia, and the Americas segment consists of North America and South America.
Insitutional Activity: The institutional sentiment increased to 1.04 in Q2 2016. Its up 0.14, from 0.9 in 2016Q1. The ratio increased, as 23 funds sold all Tower International Inc shares owned while 44 reduced positions. 27 funds bought stakes while 43 increased positions. They now own 18.95 million shares or 4.63% more from 18.11 million shares in 2016Q1.
has invested 0% of its portfolio in Tower International Inc (NYSE:TOWR). Nationwide Fund last reported 32,657 shares in the company. Art Advsr Ltd has 0.03% invested in the company for 34,053 shares. Renaissance Technologies Limited Liability Co, a New York-based fund reported 30,400 shares. Moreover, Globeflex Capital Lp has 0.25% invested in Tower International Inc (NYSE:TOWR) for 43,590 shares. California Pub Employees Retirement has 0% invested in the company for 131,200 shares. New Amsterdam Prtn Ltd Liability Corporation Ny accumulated 0.67% or 134,096 shares. Bnp Paribas Arbitrage holds 0% or 1,137 shares in its portfolio. Tudor Invest Corporation Et Al holds 32,419 shares or 0.01% of its portfolio. The New York-based Alliancebernstein Lp has invested 0% in Tower International Inc (NYSE:TOWR). Swiss Commercial Bank holds 0% of its portfolio in Tower International Inc (NYSE:TOWR) for 37,200 shares. Tiaa Cref Investment Mgmt Limited Co holds 71,799 shares or 0% of its portfolio. Paradigm Asset Mngmt Co Limited last reported 650 shares in the company. Goldman Sachs Grp, a New York-based fund reported 1.13M shares. Blackrock Investment has invested 0% of its portfolio in Tower International Inc (NYSE:TOWR).
Insider Transactions: Since May 25, 2016, the stock had 4 insider buys, and 0 selling transactions for $336,843 net activity. 4,000 shares were bought by CHABRAJA NICHOLAS D, worth $84,120 on Wednesday, May 25. The insider GOUIN JAMES C bought $49,160. BROWN THOMAS K had bought 6,390 shares worth $125,883.
Tower International Inc (NYSE:TOWR) Ratings Coverage
Out of 3 analysts covering Tower International Inc (NYSE:TOWR), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Tower International Inc has been the topic of 5 analyst reports since October 20, 2015 according to StockzIntelligence Inc. The stock of Tower International Inc (NYSE:TOWR) earned “Outperform” rating by Wells Fargo on Monday, March 21. Wells Fargo downgraded the stock to “Market Perform” rating in Friday, April 29 report. JP Morgan reinitiated the shares of TOWR in a report on Friday, April 29 with “Neutral” rating. The stock of Tower International Inc (NYSE:TOWR) has “Buy” rating given on Tuesday, August 9 by Seaport Global.
More news for Tower International Inc (NYSE:TOWR) were recently published by: Prnewswire.com, which released: “Tower International Completes China JV Sales, Sells Part of Brazil Operations …” on January 11, 2016. Rttnews.com‘s article titled: “Tower International, Inc. Reveals 31% Rise In Q3 Bottom Line” and published on November 02, 2016 is yet another important article.
TOWR Company Profile
Tower International, Inc., incorporated on April 18, 2007, is a global maker of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers (OEMs). The Firm operates in two divisions: Americas and International. The International segment consists of Europe and Asia, and the Americas segment consists of North America and South America. The Firm offers its automotive clients a product portfolio, supplying body-structure stampings, frame and other chassis structures, and complex welded assemblies for small and large cars, crossovers, pickups and sport utility vehicles (SUVs). The Company’s products are manufactured at approximately 30 facilities, located in North America, Europe, Brazil and China. The Firm supports its manufacturing activities through approximately seven engineering and sales locations around the world. It produces a range of structural components and assemblies.
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