Deroy Devereaux Private Investment Counsel Inc Lowers stake in Tower International Inc (TOWR)

Tower International Inc (TOWR) : Deroy Devereaux Private Investment Counsel Inc reduced its stake in Tower International Inc by 1.5% during the most recent quarter end. The investment management company now holds a total of 766,601 shares of Tower International Inc which is valued at $16,443,591 after selling 11,641 shares in Tower International Inc , the firm said in a disclosure report filed with the SEC on Jul 13, 2016.Tower International Inc makes up approximately 2.12% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Dalton Greiner Hartman Maher Co reduced its stake in TOWR by selling 163 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 560,081 shares of TOWR which is valued at $12,013,737. Tower International Inc makes up approx 0.72% of Dalton Greiner Hartman Maher Co’s portfolio.Cutler Group Lp boosted its stake in TOWR in the latest quarter, The investment management firm added 6,121 additional shares and now holds a total of 8,841 shares of Tower International Inc which is valued at $189,639. Tower International Inc makes up approx 0.01% of Cutler Group Lp’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in TOWR in the latest quarter, The investment management firm added 951 additional shares and now holds a total of 1,137 shares of Tower International Inc which is valued at $23,763.

Tower International Inc closed down -0.04 points or -0.18% at $21.83 with 2,57,764 shares getting traded on Monday. Post opening the session at $21.86, the shares hit an intraday low of $21.76 and an intraday high of $22.3 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Tower International Inc reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.56. The company had revenue of $511.50 million for the quarter, compared to analysts expectations of $506.98 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS.

Many Wall Street Analysts have commented on Tower International Inc. Tower International Inc was Downgraded by Wells Fargo to ” Market Perform” on Apr 29, 2016.

Tower International Inc. is a global manufacturer of engineered automotive structural metal components and assemblies serving automotive original equipment manufacturers (OEMs). The Company operates in two segments: the Americas and International. The International segment consists of Europe and Asia and the Americas segment consists of North and South America. The Company offers its automotive customers 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 27 facilities located in North America Europe Brazil and China. The Company supports its manufacturing operations through seven engineering and sales locations around the world. The Company produces a range of structural components and assemblies.

Leave a Reply

Tower International Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Tower International Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.