Insider Trading Review: Tower International Inc (NYSE:TOWR)

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Tower International Inc (NYSE:TOWR) insiders have most recently took part in a trading activity. On Jun 28, 2016 Gouin James C, EVP & CFO bought 2,500 shares having total worth of $49,150 at the price of $19.66 per share, following the transaction a total of 111,212 shares owned by Gouin James C.

On the same day, Chabraja Nicholas D, Director bought 4,000 shares having total worth of $77,680 at the price of $19.42 per share, following the transaction a total of 12,000 shares owned by Chabraja Nicholas D. Before this latest buy, Chabraja Nicholas D purchased TOWR at 1 other times during the past twelve months, for a total investment of $84,120 at an average of $21.03 per share.

On the same day, Brown Thomas K, Director bought 6,390 shares having total worth of $125,883 at the price of $19.7 per share, following the transaction a total of 6,390 shares owned by Brown Thomas K.

The stock has experienced a total of 1 insider trades in the past three months. These trades include 1 buy trades. Furthermore, over the past 12 months , the stock was traded 1 times by insiders. an employee of the company was the buyer in 1 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 1 0 0.44%
12 Month 1 0 -14.18%

Shares of Tower International Inc (NYSE:TOWR) traded up 3.47% on Jun 29, 2016, hitting $20.58. 297,400 shares of the company’s stock traded hands. Tower International Inc has a 52 week low of $18.89 and a 52 week high of $31.3. The company’s market cap is $436 million.

Tower International Inc (NYSE:TOWR) last announced its earnings results on Apr 28, 2016. The company reported 0.63 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.56 by $0.07. The company had revenue of $512 million for the quarter, compared to the consensus estimate of $507 million.

2016-04-28 2016-02-11 2015-10-30 2015-07-30 2015-02-12 2014-10-30 2014-07-31 2014-04-30 2014-02-13 2013-10-30
earnings per share 0.63 0.67 0.67 1.05 0.74 0.73 0.93 0.72 0.45 0.48
Revenue(M) 511.5 493.56 475.25 490.27 533.89 522.6 576.6 548.4 517 495

Tower International Inc has been the subject of a number of recent research reports. Analysts at JP Morgan Assumes shares of Tower International Inc to an Neutral rating in a research note. They now have a $27.00 price target on the stock.

Tower International Inc. is a Delaware Corporation which was formed in 1993. The Company is a manufacturer of engineered structural metal components and assemblies primarily serving automotive original equipment manufacturers (OEMs). It offers its automotive customers a broad product portfolio, supplying body-structure stampings, frame and other chassis structures, as well as complex welded assemblies, for small and large cars, crossovers, pickups and SUVs. It has also recently entered the utility-scale solar energy market with its solar agreement to supply large stamped mirror-facet panels and welded support structures. Its principal trademark or trade name that it uses is Tower Automotive. The Company’s products are offered on a diverse mix of vehicle platforms, reflecting the balanced portfolio approach of its business model and the breadth of its product capabilities. It supplies products to approximately 170 vehicle models globally. Its products include, Body structures and assemblies; Chassis, lower vehicle structures and suspension components and Complex body-in-white assemblies. Body structures and assemblies form the basic upper body structure of the vehicle and include structural metal components such as body pillars, roof rails and side sills. Complex body-in-white assemblies are comprised of multiple components and sub-assemblies welded to form major portions of the vehicle’s body structure. Lower vehicle frames and structures include chassis structures that make up the ‘skeleton’ of a vehicle and which are critical to overall performance, particularly in the areas of noise, vibration and harshness, handling and crash management. These products include pickup truck and SUV full frames, automotive engine and rear suspension cradles, floor pan components, and cross members that form the basic lower body structure of the vehicle. It also manufactures a variety of other automotive products and defense and aerospace products. The Company’s products are manufactured at 29 production facilities strategically located near its customers in North America, South America, Europe and Asia. It supports its manufacturing operations through eight engineering and sales locations throughout the world. The Company’s major competitors include: Magna International, Inc. (Cosma division), Gestamp Automocion, Martinrea International, Gruppo Magnetto and Benteler Automotive. The Company is subject to various domestic and foreign federal, state and local laws and regulations.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.