Titan Machinery (NASDAQ:TITN – Get Free Report) was upgraded by investment analysts at Robert W. Baird from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.
Other equities analysts also recently issued reports about the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Titan Machinery in a research note on Monday, June 29th. Wall Street Zen downgraded Titan Machinery from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Titan Machinery presently has an average rating of “Moderate Buy” and an average price target of $29.00.
Read Our Latest Stock Report on Titan Machinery
Titan Machinery Stock Up 15.2%
Titan Machinery (NASDAQ:TITN – Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 9.06% and a negative net margin of 2.46%.Titan Machinery has set its FY 2027 guidance at -1.750–1.250 EPS. As a group, equities research analysts predict that Titan Machinery will post -1.63 earnings per share for the current year.
Institutional Investors Weigh In On Titan Machinery
Several institutional investors have recently modified their holdings of TITN. Quarry LP grew its holdings in shares of Titan Machinery by 189.8% in the 3rd quarter. Quarry LP now owns 1,536 shares of the company’s stock worth $26,000 after acquiring an additional 1,006 shares during the period. Legal & General Group Plc purchased a new stake in Titan Machinery during the second quarter worth $45,000. Tower Research Capital LLC TRC boosted its position in Titan Machinery by 352.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company’s stock worth $52,000 after purchasing an additional 2,043 shares in the last quarter. BNP Paribas Financial Markets grew 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 last quarter. Finally, California State Teachers Retirement System grew 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 last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.
About Titan Machinery
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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