Smith Graham & Co. Investment Advisors LP Increases Stake in Titan Machinery Inc. (NASDAQ:TITN)

Smith Graham & Co. Investment Advisors LP increased its position in shares of Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 20.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 286,708 shares of the company's stock after acquiring an additional 48,438 shares during the period. Titan Machinery comprises about 1.0% of Smith Graham & Co. Investment Advisors LP's portfolio, making the stock its 28th biggest position. Smith Graham & Co. Investment Advisors LP owned about 1.25% of Titan Machinery worth $8,280,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Coppell Advisory Solutions Corp. acquired a new stake in Titan Machinery during the 4th quarter valued at approximately $41,000. Quarry LP increased its stake in Titan Machinery by 204.2% in the first quarter. Quarry LP now owns 1,597 shares of the company's stock valued at $49,000 after purchasing an additional 1,072 shares in the last quarter. ICA Group Wealth Management LLC acquired a new position in shares of Titan Machinery during the fourth quarter valued at about $49,000. Point72 Hong Kong Ltd acquired a new stake in shares of Titan Machinery in the 1st quarter valued at about $54,000. Finally, Quent Capital LLC bought a new stake in Titan Machinery in the 4th quarter valued at about $87,000. Institutional investors and hedge funds own 78.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. TheStreet cut Titan Machinery from a "b-" rating to a "c+" rating in a report on Monday, February 26th. Stephens reaffirmed an "overweight" rating and set a $42.00 price target on shares of Titan Machinery in a research report on Friday, January 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $45.33.

Titan Machinery Price Performance

Titan Machinery stock traded down $0.49 during midday trading on Friday, reaching $23.39. 177,508 shares of the stock were exchanged, compared to its average volume of 182,876. The company's fifty day moving average is $25.26 and its 200-day moving average is $25.92. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.19 and a current ratio of 1.32. Titan Machinery Inc. has a 52 week low of $21.44 and a 52 week high of $35.88. The firm has a market cap of $534.46 million, a PE ratio of 4.73 and a beta of 1.41.

Titan Machinery (NASDAQ:TITN - Get Free Report) last released its quarterly earnings results on Thursday, March 21st. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.06. Titan Machinery had a return on equity of 18.40% and a net margin of 4.08%. The firm had revenue of $852.10 million for the quarter, compared to analysts' expectations of $734.99 million. During the same quarter last year, the firm posted $0.81 EPS. The company's revenue was up 46.2% compared to the same quarter last year. On average, sell-side analysts forecast that Titan Machinery Inc. will post 3.35 EPS for the current year.

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.