Rhumbline Advisers Sells 964 Shares of Titan Machinery Inc. $TITN

Rhumbline Advisers lessened its stake in Titan Machinery Inc. (NASDAQ:TITN) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,047 shares of the company’s stock after selling 964 shares during the period. Rhumbline Advisers owned approximately 0.14% of Titan Machinery worth $563,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TITN. New York State Common Retirement Fund grew its position in Titan Machinery by 42.8% in the 1st quarter. New York State Common Retirement Fund now owns 4,674 shares of the company’s stock worth $80,000 after purchasing an additional 1,400 shares during the period. State of Wyoming bought a new stake in Titan Machinery in the 1st quarter worth approximately $109,000. GAMMA Investing LLC grew its position in Titan Machinery by 6,432.3% in the 1st quarter. GAMMA Investing LLC now owns 12,150 shares of the company’s stock worth $207,000 after purchasing an additional 11,964 shares during the period. EntryPoint Capital LLC bought a new stake in Titan Machinery in the 1st quarter worth approximately $339,000. Finally, Strs Ohio bought a new stake in Titan Machinery in the 1st quarter worth approximately $365,000. Institutional investors own 78.38% of the company’s stock.

Titan Machinery Stock Down 0.5%

Shares of TITN stock opened at $18.18 on Tuesday. The stock has a market cap of $424.87 million, a P/E ratio of -6.73 and a beta of 1.30. Titan Machinery Inc. has a 52 week low of $12.50 and a 52 week high of $23.41. The company has a quick ratio of 0.18, a current ratio of 1.31 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $19.70 and its two-hundred day simple moving average is $18.67.

Titan Machinery (NASDAQ:TITN) last announced its quarterly earnings results on Thursday, August 28th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.56) by $0.30. The business had revenue of $546.43 million for the quarter, compared to analysts’ expectations of $503.80 million. Titan Machinery had a negative net margin of 2.37% and a negative return on equity of 9.99%. Titan Machinery has set its FY 2026 guidance at -2.000–1.500 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TITN shares. B. Riley boosted their price objective on shares of Titan Machinery from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, May 27th. Wall Street Zen downgraded shares of Titan Machinery from a “hold” rating to a “sell” rating in a research report on Sunday, September 7th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $22.25.

About Titan Machinery

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.