582,257 Shares in Titan Machinery Inc. $TITN Purchased by William Blair Investment Management LLC

Key Points

• William Blair Investment Management purchased 582,257 Titan Machinery shares worth approximately $12.3 million, giving it a 2.5% stake. Institutional investors collectively own 78.38% of the company.
• Titan Machinery’s shares were reported up 11.6% and opened at $20.18, above the company’s $17.00 consensus analyst price target.
• The company beat quarterly revenue and adjusted EPS expectations, reporting $522.38 million in revenue and a loss of $0.55 per share, but analysts maintain a cautious consensus “Reduce” rating amid projected full-year losses.

William Blair Investment Management LLC bought a new stake in shares of Titan Machinery Inc. (NASDAQ:TITN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 582,257 shares of the company's stock, valued at approximately $12,297,000. William Blair Investment Management LLC owned 2.50% of Titan Machinery at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State of Wyoming grew its holdings in Titan Machinery by 3.0% during the 1st quarter. State of Wyoming now owns 24,568 shares of the company's stock valued at $411,000 after buying an additional 715 shares in the last quarter. Graham Capital Management L.P. boosted its position in shares of Titan Machinery by 8.1% during the fourth quarter. Graham Capital Management L.P. now owns 11,640 shares of the company's stock worth $175,000 after acquiring an additional 869 shares during the last quarter. Gabelli Funds LLC grew its stake in Titan Machinery by 1.1% during the second quarter. Gabelli Funds LLC now owns 95,500 shares of the company's stock valued at $1,892,000 after acquiring an additional 1,000 shares in the last quarter. Quarry LP increased its holdings in Titan Machinery by 189.8% in the 3rd quarter. Quarry LP now owns 1,536 shares of the company's stock valued at $26,000 after acquiring an additional 1,006 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Titan Machinery by 8.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,364 shares of the company's stock valued at $337,000 after acquiring an additional 1,705 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Titan Machinery Trading Up 11.6%

Shares of TITN opened at $20.18 on Friday. The company's fifty day moving average is $19.13 and its 200 day moving average is $19.22. Titan Machinery Inc. has a fifty-two week low of $13.21 and a fifty-two week high of $25.00. The stock has a market capitalization of $470.19 million, a PE ratio of -8.59 and a beta of 1.41. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.22 and a current ratio of 1.38.

Titan Machinery (NASDAQ:TITN - Get Free Report) last released its quarterly earnings data on Tuesday, June 9th. The company reported ($0.55) EPS for the quarter, beating the consensus estimate of ($0.60) by $0.05. Titan Machinery had a negative net margin of 2.28% and a negative return on equity of 8.44%. The business had revenue of $522.38 million during the quarter, compared to analyst estimates of $485.61 million. During the same quarter last year, the business earned ($0.58) earnings per share. Titan Machinery has set its FY 2027 guidance at -1.750--1.250 EPS. Sell-side analysts expect that Titan Machinery Inc. will post -1.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TITN shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Titan Machinery in a report on Monday, June 29th. Wall Street Zen upgraded Titan Machinery from a "sell" rating to a "hold" rating in a research report on Saturday, June 6th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $17.00.

Titan Machinery Company 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.

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