Titan Machinery Inc. (NASDAQ:TITN) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. cut its stake in Titan Machinery Inc. (NASDAQ:TITNGet Rating) by 9.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,426 shares of the company’s stock after selling 3,666 shares during the period. Navellier & Associates Inc. owned approximately 0.15% of Titan Machinery worth $749,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Truist Financial Corp boosted its position in shares of Titan Machinery by 5.8% in the first quarter. Truist Financial Corp now owns 14,681 shares of the company’s stock worth $415,000 after acquiring an additional 810 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Titan Machinery by 16.8% in the second quarter. Victory Capital Management Inc. now owns 78,456 shares of the company’s stock worth $1,758,000 after acquiring an additional 11,285 shares during the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of Titan Machinery in the first quarter worth approximately $424,000. Martingale Asset Management L P raised its holdings in Titan Machinery by 2.5% in the second quarter. Martingale Asset Management L P now owns 57,699 shares of the company’s stock valued at $1,294,000 after buying an additional 1,434 shares during the period. Finally, American Century Companies Inc. raised its holdings in Titan Machinery by 24.2% in the first quarter. American Century Companies Inc. now owns 126,424 shares of the company’s stock valued at $3,573,000 after buying an additional 24,604 shares during the period. 79.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TITN. Stephens raised their price target on shares of Titan Machinery to $46.00 in a report on Monday, August 29th. Robert W. Baird raised their price target on shares of Titan Machinery from $27.00 to $34.00 in a report on Thursday, August 25th. TheStreet upgraded shares of Titan Machinery from a “c+” rating to a “b” rating in a report on Friday, August 26th. Finally, StockNews.com began coverage on shares of Titan Machinery in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $40.00.

Titan Machinery Stock Up 0.1 %

Shares of TITN traded up $0.04 during mid-day trading on Thursday, reaching $34.76. 102,915 shares of the stock traded hands, compared to its average volume of 122,257. The firm has a market cap of $784.53 million, a price-to-earnings ratio of 9.05 and a beta of 1.63. The stock has a fifty day simple moving average of $31.76 and a 200 day simple moving average of $28.52. Titan Machinery Inc. has a 12-month low of $21.50 and a 12-month high of $37.98. The company has a quick ratio of 0.56, a current ratio of 1.77 and a debt-to-equity ratio of 0.18.

Titan Machinery (NASDAQ:TITNGet Rating) last posted its quarterly earnings data on Thursday, August 25th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.39. The company had revenue of $496.50 million for the quarter, compared to analyst estimates of $439.78 million. Titan Machinery had a net margin of 4.52% and a return on equity of 19.61%. The business’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 earnings per share. Sell-side analysts expect that Titan Machinery Inc. will post 3.9 EPS for the current fiscal year.

Titan Machinery Profile

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Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores in the United States and Europe. It operates through three segments: Agriculture, Construction, and International. 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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Institutional Ownership by Quarter for Titan Machinery (NASDAQ:TITN)

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