Titan Machinery (NASDAQ:TITN) Shares Gap Up – What’s Next?

Shares of Titan Machinery Inc. (NASDAQ:TITN) gapped up before the market opened on Tuesday. The stock had previously closed at $22.14, but opened at $23.94. Titan Machinery shares last traded at $23.82, with a volume of 1,250 shares.

Analyst Ratings Changes

Several research analysts have recently issued reports on TITN shares. Wall Street Zen upgraded Titan Machinery from a “sell” rating to a “hold” rating in a research report on Sunday, November 1st. Robert W. Baird upgraded Titan Machinery from a “neutral” rating to an “outperform” rating and set a $29.00 price target on the stock in a report on Monday, August 31st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Titan Machinery in a research report on Friday, September 25th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $29.00.

Titan Machinery Trading Down 3.9%

The business has a 50 day moving average of $23.41 and a two-hundred day moving average of $20.17. The firm has a market cap of $545.66 million, a P/E ratio of -9.39 and a beta of 1.39. The company has a current ratio of 1.35, a quick ratio of 0.21 and a debt-to-equity ratio of 0.33.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings data on Thursday, August 27th. The company reported ($0.40) EPS 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 company 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 predict that Titan Machinery Inc. will post -1.67 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royce & Associates LP increased its stake in shares of Titan Machinery by 5.6% during the third quarter. Royce & Associates LP now owns 1,176,792 shares of the company’s stock worth $27,160,000 after purchasing an additional 62,755 shares during the period. Pullen Investment Management LLC lifted its holdings in Titan Machinery by 0.7% during the 3rd quarter. Pullen Investment Management LLC now owns 72,301 shares of the company’s stock worth $1,669,000 after purchasing an additional 514 shares during the last quarter. SummerHaven Investment Management LLC bought a new stake in Titan Machinery in the 3rd quarter valued at $1,165,000. Cherry Tree Wealth Management LLC boosted its stake in Titan Machinery by 1.8% in the 3rd quarter. Cherry Tree Wealth Management LLC now owns 245,921 shares of the company’s stock valued at $5,676,000 after purchasing an additional 4,322 shares during the period. Finally, Engineers Gate Manager LP boosted its stake in Titan Machinery by 17.7% in the 2nd quarter. Engineers Gate Manager LP now owns 17,960 shares of the company’s stock valued at $379,000 after purchasing an additional 2,700 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

About Titan Machinery

Titan Machinery Inc is a regional agricultural and construction equipment dealer headquartered in West Fargo, North Dakota. The company sells and rents new and used equipment, along with replacement parts and related products, and provides repair, maintenance and other support services to commercial and agricultural customers.

Its agricultural offerings include tractors, combines, planting and seeding equipment, sprayers, hay and forage equipment, and other farm machinery. The company also distributes construction equipment used in earthmoving, roadbuilding, material handling and related applications.