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

Titan Machinery Inc. (NASDAQ:TITN)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.35 and traded as high as $17.87. Titan Machinery shares last traded at $17.24, with a volume of 179,224 shares traded.

Wall Street Analysts Forecast Growth

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

Titan Machinery Trading Up 2.1%

The stock has a market cap of $402.90 million, a PE ratio of -6.34 and a beta of 1.28. The business has a 50-day moving average of $16.25 and a 200 day moving average of $17.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.24 and a current ratio of 1.36.

Titan Machinery (NASDAQ:TITN) last released 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 net margin of 2.43% and a negative return on equity of 10.30%. Titan Machinery has set its FY 2026 guidance at -2.000–1.500 EPS.

Hedge Funds Weigh In On Titan Machinery

Institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its holdings 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 worth $31,134,000 after buying an additional 330,436 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new position in Titan Machinery in the second quarter valued at approximately $1,999,000. Boston Partners acquired a new position in Titan Machinery during the second quarter valued at approximately $508,000. CenterBook Partners LP grew its stake in Titan Machinery by 199.8% during the second quarter. CenterBook Partners LP now owns 216,054 shares of the company’s stock worth $4,280,000 after buying an additional 143,979 shares during the period. Finally, Next Century Growth Investors LLC acquired a new stake in shares of Titan Machinery in the second quarter worth $4,755,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

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.