Titan Machinery (NASDAQ:TITN) Shares Down 5.8% – Should You Sell?

Titan Machinery Inc. (NASDAQ:TITN)’s share price fell 5.8% during trading on Tuesday . The stock traded as low as $25.21 and last traded at $24.7050. Approximately 27,743 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 197,047 shares. The stock had previously closed at $26.22.

Analyst Upgrades and Downgrades

TITN has been the subject of several research reports. Robert W. Baird set a $29.00 price target on Titan Machinery and gave the stock an “outperform” rating in a research note on Monday, August 31st. Wall Street Zen lowered shares of Titan Machinery from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Titan Machinery in a research note 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $29.00.

Titan Machinery Price Performance

The business’s 50-day moving average price is $19.43 and its 200 day moving average price is $19.50. The company has a quick ratio of 0.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $572.96 million, a P/E ratio of -9.78 and a beta of 1.43.

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

Hedge Funds Weigh In On Titan Machinery

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. William Blair Investment Management LLC bought a new position in shares of Titan Machinery in the second quarter worth approximately $12,297,000. Deutsche Bank AG bought a new stake in Titan Machinery during the second quarter valued at approximately $12,914,000. Stephens Investment Management Group LLC grew its stake in Titan Machinery by 30.0% in the 4th quarter. Stephens Investment Management Group LLC now owns 559,589 shares of the company’s stock worth $8,416,000 after buying an additional 129,215 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Titan Machinery in the 2nd quarter worth $2,753,000. Finally, Nantahala Capital Management LLC bought a new position in shares of Titan Machinery in the 2nd quarter worth $23,930,819. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

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.