Titan Machinery (NASDAQ:TITN) Shares Down 8.3% - Time to Sell?

Key Points

• Titan Machinery shares fell 8.3% to about $23.12, with trading volume down 87% from its average session volume.
• Analyst sentiment is mixed but leans cautious: Weiss Ratings and Wall Street Zen issued or moved to “sell” ratings, while Robert W. Baird maintained an “outperform” rating with a $29 target; the consensus rating is “Hold.”
• The company missed quarterly EPS estimates, reporting a loss of $0.40 per share versus expectations of a $0.36 loss, though revenue exceeded forecasts. Titan also posted negative margins and return on equity, while institutional investors own 78.38% of its shares.

Titan Machinery Inc. (NASDAQ:TITN - Get Free Report)'s share price dropped 8.3% during trading on Wednesday. The stock traded as low as $23.44 and last traded at $23.1190. 26,473 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 197,265 shares. The stock had previously closed at $25.20.

Analyst Ratings Changes

Several analysts recently commented on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Titan Machinery in a research report on Friday, September 25th. Wall Street Zen cut shares of Titan Machinery from a "hold" rating to a "sell" rating in a research report on Sunday, September 6th. Finally, Robert W. Baird set a $29.00 target price on shares of Titan Machinery and gave the company an "outperform" rating in a research report on Monday, August 31st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $29.00.

Titan Machinery Price Performance

The stock's fifty day moving average price is $21.39 and its 200-day moving average price is $20.24. The firm has a market cap of $562.84 million, a PE ratio of -9.61 and a beta of 1.41. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.35 and a quick ratio of 0.21.

Titan Machinery (NASDAQ:TITN - Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The company reported ($0.40) earnings per share for the quarter, missing analysts' consensus estimates of ($0.36) by ($0.04). Titan Machinery had a negative return on equity of 9.17% and a negative net margin of 2.46%.The business had revenue of $496.38 million for the quarter, compared to analyst estimates of $483.78 million. Titan Machinery has set its FY 2027 guidance at -1.750--1.250 EPS. As a group, equities analysts expect that Titan Machinery Inc. will post -1.67 EPS for the current fiscal year.

Hedge Funds Weigh In On Titan Machinery

Institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in Titan Machinery during the second quarter worth $1,306,000. William Blair Investment Management LLC purchased a new stake in Titan Machinery in the 2nd quarter valued at about $12,297,000. Nantahala Capital Management LLC acquired a new position in Titan Machinery in the second quarter valued at about $23,930,819. BlackRock Inc. purchased a new position in Titan Machinery during the second quarter worth about $35,477,000. Finally, Empowered Funds LLC acquired a new stake in shares of Titan Machinery during the second quarter valued at about $2,753,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Titan Machinery Company Profile

Titan Machinery Inc is a dealer network that sells, rents and supports agricultural and construction equipment. The company primarily operates Case IH agricultural equipment dealerships and CASE Construction Equipment dealerships, offering machinery such as tractors, combines, planters, tillage equipment, excavators, loaders and other equipment used by farmers, contractors and other commercial customers.

In addition to equipment sales, Titan Machinery provides parts, maintenance, repair and other after-sales services.

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