Titan Machinery (NASDAQ:TITN) Cut to Hold at Baird R W

Baird R W downgraded shares of Titan Machinery (NASDAQ:TITN) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

A number of other equities research analysts also recently weighed in on TITN. Robert W. Baird restated a “neutral” rating and issued a $21.00 price target (down from $24.00) on shares of Titan Machinery in a research note on Monday. Weiss Ratings restated a “sell (d)” rating on shares of Titan Machinery in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Titan Machinery from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $21.50.

Titan Machinery Trading Down 2.1%

Shares of TITN stock opened at $16.57 on Monday. Titan Machinery has a fifty-two week low of $12.50 and a fifty-two week high of $23.41. The stock’s fifty day moving average price is $16.31 and its two-hundred day moving average price is $18.52. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.18 and a current ratio of 1.31. The company has a market cap of $387.29 million, a PE ratio of -6.09 and a beta of 1.25.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings results on Tuesday, November 25th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.41. The company had revenue of $644.51 million during the quarter, compared to analysts’ expectations of $599.17 million. Titan Machinery had a negative return on equity of 10.31% and a negative net margin of 2.43%.Titan Machinery has set its FY 2026 guidance at -2.000–1.500 EPS.

Hedge Funds Weigh In On Titan Machinery

A number of hedge funds and other institutional investors have recently made changes to their positions in TITN. Quarry LP boosted its holdings in Titan Machinery by 189.8% in the third quarter. Quarry LP now owns 1,536 shares of the company’s stock valued at $26,000 after acquiring an additional 1,006 shares during the last quarter. Millennium Management LLC raised its holdings in Titan Machinery by 1,847.9% during the 3rd 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Titan Machinery by 1.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,817,554 shares of the company’s stock worth $30,426,000 after purchasing an additional 23,272 shares during the period. Brevan Howard Capital Management LP bought a new stake in shares of Titan Machinery in the 3rd quarter valued at $265,000. Finally, ArrowMark Colorado Holdings LLC boosted its stake in shares of Titan Machinery by 16.2% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 419,450 shares of the company’s stock valued at $7,022,000 after purchasing an additional 58,510 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Titan Machinery Company Profile

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.