The EVP & CFO of Tower International (NYSE: TOWR) is Buying Shares

By George MacDonald

Today, the EVP & CFO of Tower International (NYSE: TOWR), James Gouin, bought shares of TOWR for $49.16k.

James Gouin increased his holding by 2.32% to a total of $2151803.64. In addition to James Gouin, 2 other TOWR executives reported Buy trades in the last month.

Based on Tower International`s latest earnings report from March 31, the company posted quarterly revenue of $511.5M and quarterly net profit of $8.38M. In comparison, last year the company earned revenue of $490.3M and had a net profit of $18.65M. The company has a one year high of $31.13 and a one year low of $18.75. TOWR’s market cap is $435.5M and the company has a P/E ratio of 2.54%.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $27.00, reflecting a -23.8% downside. Three different firms, including FBR Capital and Sterne Agee CRT, currently also have a Buy rating on the stock.

Looking at blogger coverage of TOWR, there is a 87% Bullish tendency on the stock, in relation to a 69% average bullish tendency within the Consumer Goods sector.

Over the last 3 months, the insider sentiment on Tower International has been positive based on 12 corporate insider transactions. This sentiment is slightly higher than the average sector sentiment of insiders.

Tower International, Inc. manufactures engineered structural metal components and assemblies primarily serving automotive original equipment manufacturers. The company 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 sport utility vehicles. The company operates through two segments: Americas and International. Tower International was founded in 1993 and is headquartered in Livonia, MI.