Caxton Associates LLP Acquires New Shares in Titan Machinery Inc. $TITN

Key Points

• Caxton Associates LLP has acquired a new stake in Titan Machinery Inc., purchasing 27,067 shares valued at approximately $461,000, marking a 0.12% ownership of the company.
• Other institutional investors, including Bank of America Corp DE and New York State Common Retirement Fund, significantly increased their stakes, with 78.38% of the stock owned by hedge funds and other institutional investors.
• Titan Machinery's recent earnings report showed an EPS of ($0.26), surpassing estimates, while the company set its FY 2026 guidance at -2.000--1.500 EPS.

Caxton Associates LLP purchased a new stake in Titan Machinery Inc. (NASDAQ:TITN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,067 shares of the company's stock, valued at approximately $461,000. Caxton Associates LLP owned 0.12% of Titan Machinery 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 raised its stake 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 valued at $80,000 after acquiring an additional 1,400 shares during the period. State of Wyoming bought a new stake in Titan Machinery in the 1st quarter valued at $109,000. GAMMA Investing LLC raised its stake in Titan Machinery by 6,432.3% in the 1st quarter. GAMMA Investing LLC now owns 12,150 shares of the company's stock valued at $207,000 after acquiring an additional 11,964 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Titan Machinery by 8.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,655 shares of the company's stock valued at $208,000 after acquiring an additional 1,197 shares during the period. Finally, EntryPoint Capital LLC bought a new position in Titan Machinery during the 1st quarter worth $339,000. Institutional investors own 78.38% of the company's stock.

Analysts Set New Price Targets

TITN has been the topic of several recent research reports. Wall Street Zen cut Titan Machinery from a "hold" rating to a "sell" rating in a research report on Sunday, September 7th. B. Riley increased their price objective on Titan Machinery from $19.00 to $22.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 27th. Finally, Lake Street Capital reiterated a "hold" rating and set a $18.00 price objective (up previously from $15.00) on shares of Titan Machinery in a research report on Friday, May 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Titan Machinery currently has an average rating of "Buy" and an average price target of $22.25.

Titan Machinery Price Performance

Shares of NASDAQ TITN traded down $0.67 during mid-day trading on Friday, reaching $19.28. The company had a trading volume of 164,090 shares, compared to its average volume of 161,119. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.18 and a current ratio of 1.31. Titan Machinery Inc. has a one year low of $12.50 and a one year high of $23.41. The firm has a market cap of $450.57 million, a price-to-earnings ratio of -7.14 and a beta of 1.30. The business's 50-day simple moving average is $19.89 and its 200 day simple moving average is $18.52.

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

Titan Machinery Company Profile

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.