Titan Machinery Inc. (NASDAQ:TITN) CFO Robert Larsen Purchases 658 Shares

Titan Machinery Inc. (NASDAQ:TITN) CFO Robert Larsen acquired 658 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average price of $15.20 per share, with a total value of $10,001.60. Following the acquisition, the chief financial officer now directly owns 37,330 shares of the company’s stock, valued at $567,416. The trade was a 1.79 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Titan Machinery Trading Down 2.7 %

NASDAQ:TITN opened at $14.59 on Tuesday. The business’s 50-day simple moving average is $16.99 and its 200-day simple moving average is $15.38. Titan Machinery Inc. has a fifty-two week low of $12.30 and a fifty-two week high of $24.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.15. The stock has a market capitalization of $337.41 million, a PE ratio of 10.89 and a beta of 1.27.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Voss Capital LP raised its holdings in shares of Titan Machinery by 141.7% during the fourth quarter. Voss Capital LP now owns 684,459 shares of the company’s stock worth $9,671,000 after acquiring an additional 401,302 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Titan Machinery by 42.4% in the 4th quarter. First Eagle Investment Management LLC now owns 634,509 shares of the company’s stock valued at $8,966,000 after purchasing an additional 188,998 shares during the period. CenterBook Partners LP bought a new stake in shares of Titan Machinery in the fourth quarter valued at about $1,438,000. Royce & Associates LP acquired a new position in shares of Titan Machinery during the fourth quarter worth about $1,065,000. Finally, Bank of America Corp DE grew its holdings in shares of Titan Machinery by 76.9% during the fourth quarter. Bank of America Corp DE now owns 153,787 shares of the company’s stock worth $2,173,000 after buying an additional 66,853 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TITN shares. B. Riley began coverage on Titan Machinery in a research note on Thursday, March 27th. They issued a “neutral” rating and a $19.00 price target for the company. Baird R W raised shares of Titan Machinery from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Robert W. Baird reduced their price target on shares of Titan Machinery from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.80.

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.