Dynamic Technology Lab Private Ltd Acquires Shares of 22,215 Titan Machinery Inc. $TITN

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

Several other hedge funds also recently bought and sold shares of TITN. Price T Rowe Associates Inc. MD raised its holdings in Titan Machinery by 8.9% in the fourth 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. Northern Trust Corp raised its holdings in Titan Machinery by 1.6% in the fourth quarter. Northern Trust Corp now owns 184,160 shares of the company's stock worth $2,602,000 after purchasing an additional 2,894 shares during the period. Bank of America Corp DE raised its holdings in Titan Machinery by 76.9% in the fourth quarter. Bank of America Corp DE now owns 153,787 shares of the company's stock worth $2,173,000 after purchasing an additional 66,853 shares during the period. Deutsche Bank AG raised its holdings in Titan Machinery by 9.0% in the fourth quarter. Deutsche Bank AG now owns 597,714 shares of the company's stock worth $8,446,000 after purchasing an additional 49,178 shares during the period. Finally, Focus Partners Wealth raised its holdings in Titan Machinery by 16.7% in the fourth quarter. Focus Partners Wealth now owns 70,000 shares of the company's stock worth $989,000 after purchasing an additional 10,000 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Titan Machinery Stock Up 0.4%

Shares of TITN stock opened at $19.95 on Friday. 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 Inc. has a 1 year low of $12.50 and a 1 year high of $23.41. The firm's fifty day moving average price is $19.94 and its two-hundred day moving average price is $18.50. The firm has a market capitalization of $466.23 million, a P/E ratio of -7.39 and a beta of 1.30.

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

Wall Street Analysts Forecast Growth

TITN has been the topic of several analyst reports. Lake Street Capital reiterated a "hold" rating and issued a $18.00 target price (up from $15.00) on shares of Titan Machinery in a report on Friday, May 23rd. B. Riley raised their price objective on shares of Titan Machinery from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, May 27th. Finally, Wall Street Zen lowered shares of Titan Machinery from a "hold" rating to a "sell" rating in a report on Sunday, September 7th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Titan Machinery has a consensus rating of "Buy" and an average price target of $22.25.

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.

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