Dean Investment Associates buys $5,839,901 stake in Tower International Inc (TOWR)

Tower International Inc (TOWR) : Dean Investment Associates scooped up 91,360 additional shares in Tower International Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 264,010 shares of Tower International Inc which is valued at $5,839,901.Tower International Inc makes up approximately 1.11% of Dean Investment Associates’s portfolio.

Other Hedge Funds, Including , Orinda Asset Management added TOWR to its portfolio by purchasing 29,200 company shares during the most recent quarter which is valued at $645,904. Tower International Inc makes up approx 0.69% of Orinda Asset Management’s portfolio. Advisory Services Network added TOWR to its portfolio by purchasing 2,092 company shares during the most recent quarter which is valued at $49,978. Tower International Inc makes up approx 0.01% of Advisory Services Network’s portfolio.Smith Asset Management Group Lp boosted its stake in TOWR in the latest quarter, The investment management firm added 1,250 additional shares and now holds a total of 115,760 shares of Tower International Inc which is valued at $2,765,506. Tower International Inc makes up approx 0.08% of Smith Asset Management Group Lp’s portfolio.

Tower International Inc closed down -0.13 points or -0.58% at $22.13 with 1,92,631 shares getting traded on Monday. Post opening the session at $22.26, the shares hit an intraday low of $21.95 and an intraday high of $22.545 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 $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.69. The company had revenue of $505.10 million for the quarter, compared to analysts expectations of $504.83 million. The company’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.

Many Wall Street Analysts have commented on Tower International Inc. Tower International Inc was Initiated by Seaport Global Securities to “Buy” on Aug 9, 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.

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