Titan MachineryTITN
Market Cap: $315M
About: Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. The company sells and repairs agricultural equipment, including machinery and attachments for large-scale farming and home and gardening purposes, as well as construction equipment. It operates through the following segments: The Agriculture segment sells, services, and rents machinery and related parts and attachments, for uses ranging from large-scale farming to home and garden use, The construction segment sells, services, and rents machinery, and related parts and attachments, for uses ranging from heavy construction to light industrial machinery use, and the Europe and Australia segments.
Employees: 3,604
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
58% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 38
1.23% more ownership
Funds ownership: 80.36% [Q1] → 81.59% (+1.23%) [Q2]
6% less funds holding
Funds holding: 142 [Q1] → 134 (-8) [Q2]
24% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 34
35% less capital invested
Capital invested by funds: $457M [Q1] → $296M (-$161M) [Q2]
73% less call options, than puts
Call options by funds: $1.54M | Put options by funds: $5.64M
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
B. Riley Securities Alex Rygiel 52% 1-year accuracy 16 / 31 met price target | 10%upside $15 | Neutral Maintained | 3 Sept 2024 |
Northland Capital Markets Ted Jackson 50% 1-year accuracy 3 / 6 met price target | 84%upside $25 | Market Perform Reiterated | 30 Aug 2024 |
Northland Capital Markets Ted Jackson 50% 1-year accuracy 3 / 6 met price target | 10%upside $15 | Market Perform Downgraded | 20 Aug 2024 |
Lake Street Ben Klieve 43% 1-year accuracy 3 / 7 met price target | 10%upside $15 | Hold Downgraded | 15 Aug 2024 |
Craig-Hallum Steve Dyer 33% 1-year accuracy 1 / 3 met price target | 18%upside $16 | Buy Maintained | 15 Aug 2024 |
Financial journalist opinion
Based on 11 articles about TITN published over the past 30 days