Titan Machinery (NASDAQ:TITN) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Titan Machinery Inc. (NASDAQ:TITN)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.29 and traded as high as $19.62. Titan Machinery shares last traded at $18.97, with a volume of 166,603 shares changing hands.

Wall Street Analysts Forecast Growth

TITN has been the subject of several analyst reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $21.00 target price (down previously from $24.00) on shares of Titan Machinery in a research report on Monday, December 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Titan Machinery in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.50.

Titan Machinery Price Performance

The business has a fifty day moving average of $16.60 and a 200 day moving average of $17.29. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.24. The stock has a market cap of $447.77 million, a PE ratio of -7.04 and a beta of 1.28.

Titan Machinery (NASDAQ:TITN) last announced its earnings results on Tuesday, November 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.41. The company had revenue of $644.51 million for the quarter, compared to analyst estimates of $599.17 million. Titan Machinery had a negative return on equity of 10.30% and a negative net margin of 2.43%.Titan Machinery has set its FY 2026 guidance at -2.000–1.500 EPS.

Institutional Trading of Titan Machinery

Several hedge funds and other institutional investors have recently bought and sold shares of TITN. Stephens Investment Management Group LLC bought a new position in Titan Machinery during the 2nd quarter worth approximately $7,606,000. American Century Companies Inc. raised its position in shares of Titan Machinery by 26.6% during the 2nd quarter. American Century Companies Inc. now owns 1,571,648 shares of the company’s stock valued at $31,134,000 after acquiring an additional 330,436 shares in the last quarter. Next Century Growth Investors LLC bought a new position in Titan Machinery during the second quarter worth $4,755,000. Millennium Management LLC boosted its holdings in Titan Machinery by 1,847.9% in the third quarter. Millennium Management LLC now owns 242,805 shares of the company’s stock worth $4,065,000 after purchasing an additional 230,340 shares during the period. Finally, CenterBook Partners LP boosted its holdings in Titan Machinery by 199.8% in the second quarter. CenterBook Partners LP now owns 216,054 shares of the company’s stock worth $4,280,000 after purchasing an additional 143,979 shares during the period. 78.38% of the stock is owned by institutional investors.

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.