American Century Companies Inc. Has $31.13 Million Stock Position in Titan Machinery Inc. $TITN

American Century Companies Inc. lifted its position in Titan Machinery Inc. (NASDAQ:TITN) by 26.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,571,648 shares of the company’s stock after buying an additional 330,436 shares during the period. American Century Companies Inc. owned about 6.81% of Titan Machinery worth $31,134,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Titan Machinery by 109.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,817,108 shares of the company’s stock valued at $30,964,000 after acquiring an additional 948,707 shares during the period. Stephens Investment Management Group LLC bought a new position in shares of Titan Machinery during the 2nd quarter valued at about $7,606,000. Driehaus Capital Management LLC bought a new position in shares of Titan Machinery during the 1st quarter valued at about $4,969,000. EVR Research LP acquired a new position in shares of Titan Machinery in the 1st quarter valued at approximately $3,067,000. Finally, CenterBook Partners LP grew its position in shares of Titan Machinery by 199.8% in the 2nd quarter. CenterBook Partners LP now owns 216,054 shares of the company’s stock valued at $4,280,000 after purchasing an additional 143,979 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Titan Machinery Stock Performance

Shares of TITN opened at $18.31 on Friday. The stock has a market capitalization of $428.05 million, a price-to-earnings ratio of -6.78 and a beta of 1.33. Titan Machinery Inc. has a 12 month low of $12.50 and a 12 month high of $23.41. The firm has a fifty day simple moving average of $16.37 and a 200 day simple moving average of $18.61. The company has a current ratio of 1.31, a quick ratio of 0.18 and a debt-to-equity ratio of 0.32.

Titan Machinery (NASDAQ:TITN) last issued its quarterly earnings results on Tuesday, November 25th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.36) by $0.41. Titan Machinery had a negative net margin of 2.37% and a negative return on equity of 9.99%. The firm had revenue of $644.51 million for the quarter, compared to analysts’ expectations of $599.17 million. Titan Machinery has set its FY 2026 guidance at -2.000–1.500 EPS.

Analysts Set New Price Targets

Several brokerages have commented on TITN. Wall Street Zen downgraded shares of Titan Machinery from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Titan Machinery in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.