Titan Machinery (NASDAQ:TITN) Raised to Hold at Wall Street Zen

Key Points

• Titan Machinery has been upgraded from a "sell" rating to a "hold" rating by analysts at Wall Street Zen, indicating a more favorable outlook for the stock.
• The company recently reported a quarterly earnings of ($0.26) EPS, surpassing analysts' expectations of ($0.56), along with a revenue of $546.43 million, exceeding forecasts of $503.80 million.
• Approximately 78.38% of Titan Machinery's stock is currently owned by institutional investors and hedge funds, reflecting significant institutional interest.

Titan Machinery (NASDAQ:TITN - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Friday.

Titan Machinery Trading Down 0.1%

Shares of TITN stock opened at $17.07 on Friday. Titan Machinery has a fifty-two week low of $12.50 and a fifty-two week high of $23.41. The stock's fifty day moving average price is $19.53 and its two-hundred day moving average price is $18.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.18 and a current ratio of 1.31. The company has a market cap of $398.93 million, a PE ratio of -6.32 and a beta of 1.30.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in shares of Titan Machinery by 352.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company's stock valued at $52,000 after acquiring an additional 2,043 shares during the last quarter. New York State Common Retirement Fund raised its position in Titan Machinery by 42.8% in the first quarter. New York State Common Retirement Fund now owns 4,674 shares of the company's stock valued at $80,000 after purchasing an additional 1,400 shares during the last quarter. State of Wyoming acquired a new stake in shares of Titan Machinery during the first quarter valued at about $109,000. GAMMA Investing LLC boosted its stake 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 in the last quarter. Finally, Prudential Financial Inc. bought a new stake in shares of Titan Machinery during the second quarter worth about $246,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

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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