Director Max Guinn Sells 20,000 Shares of Titan International Inc

Max Guinn, a director at Titan International Inc, recently sold 20,000 shares of the company’s stock. This adds to a trend of insider selling, with Guinn having sold a total of 49,650 shares over the past year and made no purchases.

Titan International Inc is a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products. The company serves customers in various markets, including agriculture, earthmoving/construction, and consumer industries. Its products are sold under well-known brands such as Titan, Goodyear Farm Tires, and ITM.

The recent sale by Max Guinn comes as the stock is trading at $12.5 per share, resulting in a market cap of $776.559 million. The price-earnings ratio of the stock is 5.34, which is lower than both the industry median of 13.69 and the company’s historical median price-earnings ratio.

The insider transaction history for Titan International Inc shows a clear trend of selling over the past year, with no insider buys. This could suggest the insider’s belief about the company’s future prospects or may simply be a result of personal financial planning.

According to the GuruFocus Value, which provides an intrinsic value estimate based on various factors, Titan International Inc is considered fairly valued. The stock’s price-to-GuruFocus Value ratio is 1.05, with a price of $12.5 and a GuruFocus Value of $11.90.

Investors should consider these factors when evaluating the insider’s recent sale. While the insider’s selling trend may raise concerns, the company’s fair valuation and lower-than-average price-earnings ratio could present an attractive investment opportunity. However, investors are advised to conduct their own research and consider their own risk tolerance before making investment decisions.

In summary, the recent sale of 20,000 shares by Max Guinn, a director at Titan International Inc, is a significant event for investors to take note of. Despite the selling trend, the company’s fair valuation and strong position in its industry may make it a worthwhile investment opportunity.

Source: GuruFocus Value, NYSE:TWI