22,215 Shares in Titan Machinery Inc. $TITN Bought by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has acquired 22,215 shares of Titan Machinery Inc., valued at approximately $379,000, increasing its stake to about 0.10%.
• Multiple hedge funds, including Bank of America Corp DE and Price T Rowe Associates Inc. MD, have raised their holdings in Titan Machinery, indicating strong institutional interest.
• Titan Machinery's stock price has been reported at $19.95, with analysts projecting a consensus rating of "Buy" and an average target price of $22.25.

Dynamic Technology Lab Private Ltd acquired a new stake in Titan Machinery Inc. (NASDAQ:TITN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,215 shares of the company's stock, valued at approximately $379,000. Dynamic Technology Lab Private Ltd owned 0.10% of Titan Machinery as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund increased 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 buying an additional 1,400 shares during the period. State of Wyoming acquired a new position in shares of Titan Machinery during the 1st quarter worth $109,000. GAMMA Investing LLC grew its stake in shares of Titan Machinery by 6,432.3% during 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. Price T Rowe Associates Inc. MD grew its stake in shares of Titan Machinery by 8.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,655 shares of the company's stock worth $208,000 after purchasing an additional 1,197 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in shares of Titan Machinery during the 1st quarter worth $339,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Titan Machinery Trading Down 0.9%

Shares of TITN stock traded down $0.18 during trading hours on Wednesday, hitting $19.38. 39,872 shares of the company were exchanged, compared to its average volume of 240,685. The firm has a market cap of $452.79 million, a PE ratio of -7.18 and a beta of 1.30. Titan Machinery Inc. has a 1 year low of $12.50 and a 1 year 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 firm has a fifty day moving average of $19.82 and a 200 day moving average of $18.55.

Titan Machinery (NASDAQ:TITN - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported ($0.26) earnings per share 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 analyst estimates 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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TITN shares. Wall Street Zen cut shares of Titan Machinery from a "hold" rating to a "sell" rating in a research note on Sunday, September 7th. B. Riley upped their price target on shares of Titan Machinery from $19.00 to $22.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 27th. Finally, Lake Street Capital reaffirmed a "hold" rating and set a $18.00 price target (up from $15.00) on shares of Titan Machinery in a research note on Friday, May 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Titan Machinery presently has a consensus rating of "Buy" and an average 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.