Titan Machinery (NASDAQ:TITN) Trading Down 5.8% – Here’s What Happened

Titan Machinery Inc. (NASDAQ:TITN) traded down 5.8% on Tuesday . The company traded as low as $25.21 and last traded at $24.7050. 27,743 shares were traded during trading, a decline of 86% from the average session volume of 197,047 shares. The stock had previously closed at $26.22.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Titan Machinery in a research report on Monday, June 29th. Wall Street Zen cut shares of Titan Machinery from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Robert W. Baird set a $29.00 price target on shares of Titan Machinery and gave the company an “outperform” rating in a research note on Monday, August 31st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $29.00.

Titan Machinery Price Performance

The company has a current ratio of 1.35, a quick ratio of 0.21 and a debt-to-equity ratio of 0.33. The stock has a market cap of $579.31 million, a PE ratio of -9.92 and a beta of 1.43. The company has a fifty day moving average of $19.28 and a 200-day moving average of $19.43.

Titan Machinery (NASDAQ:TITN) last announced its earnings results on Thursday, August 27th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.04). The firm had revenue of $496.38 million for the quarter, compared to analysts’ expectations of $483.78 million. Titan Machinery had a negative net margin of 2.46% and a negative return on equity of 9.17%. Titan Machinery has set its FY 2027 guidance at -1.750–1.250 EPS. Sell-side analysts expect that Titan Machinery Inc. will post -1.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TITN. Quarry LP increased its stake in Titan Machinery by 189.8% during the 3rd quarter. Quarry LP now owns 1,536 shares of the company’s stock worth $26,000 after buying an additional 1,006 shares during the period. Legal & General Group Plc acquired a new stake in shares of Titan Machinery in the second quarter valued at $45,000. Tower Research Capital LLC TRC raised its stake in shares of Titan Machinery by 352.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company’s stock valued at $52,000 after acquiring an additional 2,043 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Titan Machinery by 94.3% in the third quarter. BNP Paribas Financial Markets now owns 4,032 shares of the company’s stock valued at $67,000 after purchasing an additional 1,957 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in Titan Machinery by 441.4% in the second quarter. California State Teachers Retirement System now owns 6,188 shares of the company’s stock valued at $131,000 after purchasing an additional 5,045 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Titan Machinery Company Profile

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.