Titan Machinery Inc. (NASDAQ:TITN – Get Free Report) was the target of unusually large options trading activity on Wednesday. Investors purchased 3,860 call options on the company. This represents an increase of approximately 1,402% compared to the typical volume of 257 call options.
Hedge Funds Weigh In On Titan Machinery
Institutional investors have recently bought and sold shares of the company. State of Wyoming lifted its position in shares of Titan Machinery by 3.0% during the first quarter. State of Wyoming now owns 24,568 shares of the company’s stock worth $411,000 after purchasing an additional 715 shares in the last quarter. Graham Capital Management L.P. grew its holdings in shares of Titan Machinery by 8.1% in the fourth quarter. Graham Capital Management L.P. now owns 11,640 shares of the company’s stock valued at $175,000 after purchasing an additional 869 shares in the last quarter. Gabelli Funds LLC grew its holdings in shares of Titan Machinery by 1.1% in the second quarter. Gabelli Funds LLC now owns 95,500 shares of the company’s stock valued at $1,892,000 after purchasing an additional 1,000 shares in the last quarter. 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. Finally, Price T Rowe Associates Inc. MD increased its stake in Titan Machinery by 8.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,364 shares of the company’s stock worth $337,000 after buying an additional 1,705 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on TITN shares. Wall Street Zen lowered Titan Machinery from a “hold” rating to a “sell” rating in a research report on Saturday. Robert W. Baird set a $29.00 price objective on Titan Machinery and gave the stock an “outperform” rating in a research report on Monday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Titan Machinery in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Titan Machinery currently has an average rating of “Hold” and an average price target of $29.00.
Titan Machinery Trading Up 13.6%
NASDAQ TITN traded up $2.79 on Wednesday, reaching $23.33. The stock had a trading volume of 170,718 shares, compared to its average volume of 190,272. The firm has a market capitalization of $543.64 million, a price-to-earnings ratio of -9.37 and a beta of 1.41. The company has a quick ratio of 0.22, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. Titan Machinery has a 12-month low of $13.21 and a 12-month high of $25.00. The stock has a fifty day moving average price of $18.99 and a two-hundred day moving average price of $19.28.
Titan Machinery (NASDAQ:TITN – Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.04). Titan Machinery had a negative return on equity of 9.06% and a negative net margin of 2.46%.The firm had revenue of $496.38 million for the quarter, compared to analysts’ expectations of $483.78 million. Titan Machinery has set its FY 2027 guidance at -1.750–1.250 EPS. As a group, sell-side analysts forecast that Titan Machinery will post -1.63 EPS for the current fiscal year.
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.
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