Empowered Funds LLC Makes New Investment in Titan Machinery Inc. $TITN

Key Points

• Empowered Funds LLC purchased 130,331 shares of Titan Machinery, valued at approximately $2.75 million, giving it a 0.56% stake. Institutional investors and hedge funds collectively own 78.38% of the company.
• Analyst sentiment remains mixed: Wall Street Zen downgraded the stock to “sell,” while Robert W. Baird assigned an “outperform” rating with a $29 price target. The overall consensus is “hold,” with a $29 target price.
• Titan Machinery reported quarterly revenue of $496.38 million, above estimates, but its adjusted loss of $0.40 per share missed expectations. The company continues to report negative margins and return on equity, with analysts expecting a full-year loss.

Empowered Funds LLC purchased a new position in shares of Titan Machinery Inc. (NASDAQ:TITN - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 130,331 shares of the company's stock, valued at approximately $2,753,000. Empowered Funds LLC owned approximately 0.56% of Titan Machinery at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Royal Bank of Canada increased its holdings in Titan Machinery by 8.1% in the first quarter. Royal Bank of Canada now owns 66,882 shares of the company's stock worth $1,140,000 after buying an additional 4,988 shares during the last quarter. Creative Planning lifted its stake in Titan Machinery by 25.9% in the second quarter. Creative Planning now owns 19,124 shares of the company's stock valued at $379,000 after acquiring an additional 3,939 shares during the last quarter. JPMorgan Chase & Co. grew its position in Titan Machinery by 330.3% in the second quarter. JPMorgan Chase & Co. now owns 49,889 shares of the company's stock worth $988,000 after acquiring an additional 38,296 shares in the last quarter. Prudential Financial Inc. bought a new stake in Titan Machinery in the second quarter worth approximately $246,000. Finally, Jump Financial LLC increased its stake in shares of Titan Machinery by 11.3% during the 2nd quarter. Jump Financial LLC now owns 38,300 shares of the company's stock worth $759,000 after purchasing an additional 3,874 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TITN has been the subject of several analyst reports. Wall Street Zen lowered shares of Titan Machinery from a "hold" rating to a "sell" rating in a research note on Saturday, August 29th. Robert W. Baird set a $29.00 target price on shares of Titan Machinery and gave the stock an "outperform" rating in a research report on Monday. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Titan Machinery in a report on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Titan Machinery presently has a consensus rating of "Hold" and a consensus target price of $29.00.

Titan Machinery Price Performance

Shares of Titan Machinery stock opened at $23.39 on Thursday. The firm has a fifty day simple moving average of $19.04 and a 200-day simple moving average of $19.31. The company has a current ratio of 1.38, a quick ratio of 0.22 and a debt-to-equity ratio of 0.34. Titan Machinery Inc. has a 1-year low of $13.21 and a 1-year high of $25.00. The stock has a market capitalization of $544.99 million, a price-to-earnings ratio of -9.39 and a beta of 1.43.

Titan Machinery (NASDAQ:TITN - Get Free Report) last posted its earnings results on Thursday, August 27th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.36) by ($0.04). The firm had revenue of $496.38 million during the quarter, compared to analyst estimates of $483.78 million. Titan Machinery had a negative net margin of 2.46% and a negative return on equity of 9.06%. Titan Machinery has set its FY 2027 guidance at -1.750--1.250 EPS. On average, sell-side analysts expect that Titan Machinery Inc. will post -1.63 earnings per share for the current year.

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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