William Blair Investment Management LLC Invests $12.30 Million in Titan Machinery Inc. $TITN

William Blair Investment Management LLC bought a new stake in shares of Titan Machinery Inc. (NASDAQ:TITN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 582,257 shares of the company’s stock, valued at approximately $12,297,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Quarry LP lifted its position in Titan Machinery by 189.8% in the third quarter. Quarry LP now owns 1,536 shares of the company’s stock worth $26,000 after buying an additional 1,006 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake 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 buying an additional 2,043 shares during the period. BNP Paribas Financial Markets increased its position in Titan Machinery by 94.3% during the third quarter. BNP Paribas Financial Markets now owns 4,032 shares of the company’s stock valued at $67,000 after acquiring an additional 1,957 shares during the last quarter. State of Wyoming increased its position in Titan Machinery by 48.2% during the second quarter. State of Wyoming now owns 9,442 shares of the company’s stock valued at $187,000 after acquiring an additional 3,070 shares during the last quarter. Finally, Graham Capital Management L.P. raised its stake in shares of Titan Machinery by 8.1% in the fourth quarter. Graham Capital Management L.P. now owns 11,640 shares of the company’s stock valued at $175,000 after acquiring an additional 869 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TITN. Wall Street Zen upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Titan Machinery in a research report on Monday, June 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $17.00.

Titan Machinery Stock Performance

Shares of Titan Machinery stock opened at $20.18 on Friday. The company has a quick ratio of 0.22, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average is $19.13 and its two-hundred day moving average is $19.22. Titan Machinery Inc. has a 52 week low of $13.21 and a 52 week high of $25.00. The company has a market capitalization of $470.19 million, a PE ratio of -8.59 and a beta of 1.41.

Titan Machinery (NASDAQ:TITN) last released its earnings results on Tuesday, June 9th. The company reported ($0.55) earnings per share for the quarter, topping the consensus estimate of ($0.60) by $0.05. The business had revenue of $522.38 million during the quarter, compared to the consensus estimate of $485.61 million. Titan Machinery had a negative return on equity of 8.44% and a negative net margin of 2.28%.During the same period last year, the company earned ($0.58) earnings per share. Titan Machinery has set its FY 2027 guidance at -1.750–1.250 EPS. As a group, analysts expect that Titan Machinery Inc. will post -1.5 earnings per share for the current year.

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.