Stephens Investment Management Group LLC Grows Stake in Titan Machinery Inc. $TITN

Stephens Investment Management Group LLC lifted its position in shares of Titan Machinery Inc. (NASDAQ:TITN) by 21.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 680,469 shares of the company’s stock after buying an additional 120,880 shares during the quarter. Stephens Investment Management Group LLC owned approximately 2.91% of Titan Machinery worth $11,377,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of Titan Machinery by 8.1% in the 1st quarter. Royal Bank of Canada now owns 66,882 shares of the company’s stock worth $1,140,000 after purchasing an additional 4,988 shares during the period. Creative Planning raised its position in shares of Titan Machinery by 25.9% in the 2nd quarter. Creative Planning now owns 19,124 shares of the company’s stock worth $379,000 after acquiring an additional 3,939 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Titan Machinery by 330.3% during the second quarter. JPMorgan Chase & Co. now owns 49,889 shares of the company’s stock valued at $988,000 after purchasing an additional 38,296 shares in the last quarter. Prudential Financial Inc. purchased a new position in Titan Machinery in the second quarter valued at about $246,000. Finally, Jump Financial LLC lifted its position in shares of Titan Machinery by 11.3% during the second quarter. Jump Financial LLC now owns 38,300 shares of the company’s stock valued at $759,000 after buying an additional 3,874 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Robert W. Baird decreased their target price on shares of Titan Machinery from $21.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, March 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Titan Machinery in a research note on Monday, June 29th. Finally, Wall Street Zen upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $17.00.

Titan Machinery Stock Performance

TITN opened at $18.34 on Monday. The firm has a 50 day moving average of $20.73 and a two-hundred day moving average of $18.58. The firm has a market capitalization of $427.32 million, a PE ratio of -7.80 and a beta of 1.38. The company has a current ratio of 1.38, a quick ratio of 0.22 and a debt-to-equity ratio of 0.34. Titan Machinery Inc. has a 12-month low of $13.21 and a 12-month high of $25.00.

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

Titan Machinery 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.