Strs Ohio Invests $365,000 in Titan Machinery Inc. $TITN

Key Points

• Strs Ohio has invested $365,000 in Titan Machinery Inc. by acquiring 21,400 shares, representing 0.09% ownership as of the latest SEC filing.
• Titan Machinery's stock is currently valued at $17.98, with a market capitalization of $420.19 million, despite reporting losses with a negative P/E ratio of -6.66.
• Analysts have mixed opinions about Titan Machinery, with ratings ranging from "Sell" to "Strong Buy," and a consensus price target set at $22.25.

Strs Ohio bought a new stake in Titan Machinery Inc. (NASDAQ:TITN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,400 shares of the company's stock, valued at approximately $365,000. Strs Ohio owned 0.09% of Titan Machinery as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. New York State Common Retirement Fund increased its stake in shares of 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 in the last quarter. State of Wyoming bought a new stake in Titan Machinery in the first quarter valued at $109,000. GAMMA Investing LLC raised its holdings in shares of Titan Machinery by 6,432.3% during the first quarter. GAMMA Investing LLC now owns 12,150 shares of the company's stock valued at $207,000 after purchasing an additional 11,964 shares during the period. EntryPoint Capital LLC bought a new position in shares of Titan Machinery during the 1st quarter worth about $339,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Titan Machinery during the 1st quarter worth about $379,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Titan Machinery Stock Down 1.1%

Titan Machinery stock opened at $17.98 on Wednesday. The firm has a 50 day moving average price of $19.68 and a 200-day moving average price of $18.66. The company has a quick ratio of 0.18, a current ratio of 1.31 and a debt-to-equity ratio of 0.32. Titan Machinery Inc. has a twelve month low of $12.50 and a twelve month high of $23.41. The company has a market capitalization of $420.19 million, a P/E ratio of -6.66 and a beta of 1.30.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on TITN. Wall Street Zen downgraded Titan Machinery from a "hold" rating to a "sell" rating in a research note on Sunday, September 7th. B. Riley increased their target price on Titan Machinery from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $22.25.

Titan Machinery 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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