KLCM Advisors Inc. Increases Position in The Goodyear Tire & Rubber Company (NASDAQ:GT)

KLCM Advisors Inc. boosted its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 59.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,770,430 shares of the company's stock after buying an additional 659,635 shares during the period. Goodyear Tire & Rubber makes up 1.8% of KLCM Advisors Inc.'s holdings, making the stock its 16th largest position. KLCM Advisors Inc. owned approximately 0.62% of Goodyear Tire & Rubber worth $15,934,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GT. Barclays PLC grew its holdings in shares of Goodyear Tire & Rubber by 158.6% during the third quarter. Barclays PLC now owns 975,634 shares of the company's stock valued at $8,635,000 after buying an additional 598,330 shares during the last quarter. Geode Capital Management LLC lifted its position in Goodyear Tire & Rubber by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 7,053,829 shares of the company's stock worth $62,438,000 after acquiring an additional 86,227 shares during the period. FMR LLC grew its stake in Goodyear Tire & Rubber by 28.1% during the 3rd quarter. FMR LLC now owns 842,822 shares of the company's stock valued at $7,459,000 after purchasing an additional 184,770 shares during the last quarter. Vontobel Holding Ltd. acquired a new position in shares of Goodyear Tire & Rubber in the third quarter valued at about $649,000. Finally, Landscape Capital Management L.L.C. raised its stake in shares of Goodyear Tire & Rubber by 69.5% in the third quarter. Landscape Capital Management L.L.C. now owns 142,790 shares of the company's stock worth $1,264,000 after purchasing an additional 58,526 shares during the last quarter. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GT. StockNews.com upgraded shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a report on Monday. Argus raised shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 target price for the company in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $10.00 target price on shares of Goodyear Tire & Rubber in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $12.98.

Goodyear Tire & Rubber Stock Performance

Shares of NASDAQ GT traded down $0.08 during midday trading on Thursday, reaching $10.55. 5,411,916 shares of the stock were exchanged, compared to its average volume of 5,735,707. The company has a quick ratio of 0.55, a current ratio of 1.04 and a debt-to-equity ratio of 1.30. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 43.96 and a beta of 1.79. The firm has a 50-day simple moving average of $9.04 and a two-hundred day simple moving average of $8.88. The Goodyear Tire & Rubber Company has a twelve month low of $7.27 and a twelve month high of $13.86.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.29 by $0.10. The company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $4.91 billion. Goodyear Tire & Rubber had a net margin of 0.37% and a return on equity of 6.21%. As a group, analysts anticipate that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current fiscal year.

Goodyear Tire & Rubber Profile

Goodyear Tire & Rubber Co engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America.