Jupiter Topco LLC purchased a new position in shares of Titan Machinery Inc. (NASDAQ:TITN – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,127,925 shares of the company’s stock, valued at approximately $23,822,000.
Other large investors also recently added to or reduced their stakes in the company. William Blair Investment Management LLC purchased a new stake in shares of Titan Machinery in the second quarter worth $12,297,000. Deutsche Bank AG bought a new position in shares of Titan Machinery during the second quarter valued at $12,914,000. Stephens Investment Management Group LLC raised its position in shares of 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 purchasing an additional 129,215 shares during the last quarter. Royce & Associates LP raised its position in shares of Titan Machinery by 18.7% in the 4th quarter. Royce & Associates LP now owns 743,175 shares of the company’s stock worth $11,177,000 after purchasing an additional 117,108 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Titan Machinery by 137.9% in the 1st quarter. Janus Henderson Group PLC now owns 719,639 shares of the company’s stock worth $12,032,000 after purchasing an additional 417,190 shares in the last quarter. 78.38% of the stock is owned by institutional investors.
Titan Machinery Stock Down 3.0%
Titan Machinery stock opened at $17.86 on Friday. The firm has a market cap of $416.14 million, a price-to-earnings ratio of -7.17 and a beta of 1.41. The stock has a fifty day simple moving average of $18.99 and a two-hundred day simple moving average of $19.25. Titan Machinery Inc. has a 12 month low of $13.21 and a 12 month high of $25.00. The company has a current ratio of 1.38, a quick ratio of 0.22 and a debt-to-equity ratio of 0.34.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on TITN. 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 report on Saturday. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $17.00.
Read Our Latest Report on TITN
More Titan Machinery News
Here are the key news stories impacting Titan Machinery this week:
- Positive Sentiment: Revenue totaled $496.4 million, above the $483.8 million analyst consensus. Gross margin expanded 150 basis points to 18.6% as inventory-management actions continued to support margin recovery. Titan Machinery fiscal second-quarter results
- Positive Sentiment: Construction revenue increased 9.2% year over year to $78.6 million, while Australia revenue rose 35.5% to $41.4 million, partially offsetting weakness in agriculture and Europe.
- Positive Sentiment: Management reaffirmed its fiscal 2027 adjusted EBITDA outlook of $17 million to $29 million and continued to point to margin-recovery opportunities from inventory actions. Titan Machinery earnings call highlights
- Neutral Sentiment: Institutional positioning was mixed in the latest reporting period, with 72 investors adding shares and 61 reducing holdings, offering no clear directional signal.
- Negative Sentiment: TITN posted a $0.40 per-share loss, worse than the expected $0.36 loss and the $0.26 loss a year earlier. Net loss widened to $9.2 million from $6.0 million.
- Negative Sentiment: Total revenue fell 9.2% year over year. Agriculture revenue declined 10.3% to $310.2 million, while Europe revenue dropped 32.6% to $66.1 million, highlighting ongoing equipment-demand pressure in key markets.
- Negative Sentiment: Fiscal 2027 EPS guidance of -$1.75 to -$1.25 has a midpoint of -$1.50, slightly below the analyst consensus of -$1.46, reinforcing concerns that profitability recovery may remain gradual. These earnings factors help explain why Titan Machinery’s stock has moved lower.
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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