Titan Machinery Inc. $TITN is EVR Research LP’s 10th Largest Position

EVR Research LP lifted its stake in Titan Machinery Inc. (NASDAQ:TITN) by 86.0% in the 4th quarter, HoldingsChannel reports. The firm owned 465,000 shares of the company’s stock after buying an additional 215,000 shares during the quarter. Titan Machinery accounts for 3.8% of EVR Research LP’s portfolio, making the stock its 10th biggest position. EVR Research LP’s holdings in Titan Machinery were worth $6,994,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TITN. 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 lifted 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 purchasing an additional 3,939 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Titan Machinery by 330.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 49,889 shares of the company’s stock worth $988,000 after purchasing an additional 38,296 shares during the period. Prudential Financial Inc. purchased a new stake in shares of Titan Machinery in the 2nd quarter worth about $246,000. Finally, Jump Financial LLC increased its stake in shares of Titan Machinery by 11.3% in the 2nd quarter. Jump Financial LLC now owns 38,300 shares of the company’s stock worth $759,000 after acquiring an additional 3,874 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Robert W. Baird decreased their price target on shares of Titan Machinery from $21.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, March 20th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $17.00.

Titan Machinery Stock Down 0.8%

Shares of Titan Machinery stock opened at $19.41 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 0.22. The company has a 50-day moving average of $20.56 and a 200 day moving average of $18.25. The firm has a market cap of $452.25 million, a price-to-earnings ratio of -8.26 and a beta of 1.38. Titan Machinery Inc. has a 1 year low of $13.21 and a 1 year high of $25.00.

Titan Machinery (NASDAQ:TITN) last issued its quarterly earnings results on Tuesday, June 9th. The company reported ($0.55) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.60) by $0.05. The company had revenue of $522.38 million during the quarter, compared to analyst estimates 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 last year, the business earned ($0.58) EPS. Titan Machinery has set its FY 2027 guidance at -1.750–1.250 EPS. As a group, sell-side analysts anticipate that Titan Machinery Inc. will post -1.5 earnings per share for the current fiscal year.

Trending Headlines about Titan Machinery

Here are the key news stories impacting Titan Machinery this week:

• Positive Sentiment: Northland slightly raised its Q3 2027 EPS estimate to $0.02 from $0.01, suggesting a modestly better near-term outlook for that quarter.
• Neutral Sentiment: The analyst also issued a series of longer-term estimates for 2028-2031, providing fresh visibility but no clear catalyst on its own.
• Negative Sentiment: Northland lowered its Q2 2027 EPS estimate to $(0.41) from $(0.33), indicating expectations for a deeper loss in that period.
• Negative Sentiment: The firm cut its Q4 2027 EPS estimate to $(0.73) from $(0.66), reinforcing concerns about profitability later in fiscal 2027.
• Negative Sentiment: Longer-term forecasts were also reduced, including FY2028 to $(0.81), FY2029 to $(0.52), FY2030 to $(0.33), and FY2031 to $(0.26), which may weigh on investor sentiment.

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.