Titan Machinery appoints Robert Larsen as new CFO
October 3, 2022
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Titan Machinery Intrinsic Stock Value – Titan Machinery ($NASDAQ:TITN) is a leading manufacturer and retailer of construction and agricultural equipment. On Friday, the company announced the appointment of Robert Larsen as its new chief financial officer, effective from Dec. 1, 2022. Larsen joins Titan Machinery from CNH Industrial, where he currently serves as the Head of Finance.
He brings with him a wealth of experience in financial management, strategic planning and corporate governance. Titan Machinery is confident that Larsen will be a valuable asset to the company and will help to drive its continued growth and success.
Stock Price
On Friday, Titan Machinery stock opened at $27.6 and closed at $28.3, up by 1.8% from previous closing price of 27.8. This came after the company announced that Robert Larsen would be its new Chief Financial Officer, effective immediately. He has also held senior finance positions at Con-way Inc. and C.H. Robinson Worldwide.
“We are pleased to welcome Robert to the Titan Machinery team,” said David Meyer, Titan Machinery’s Chairman and Chief Executive Officer. “His significant experience in financial leadership roles within the transportation and logistics industry will be a valuable asset to us as we continue to execute on our long-term strategic plan.”
VI Analysis – Titan Machinery Intrinsic Stock Value
Titan Machinery is an agricultural and construction equipment retailer with a long-term outlook. The company’s fundamentals reflect its long-term potential, and the VI app makes it easy to analyze them. The intrinsic value of Titan Machinery’s shares is around $26.9, calculated by VI Line. Now, Titan Machinery’s stock is traded at $28.3, a fair price that is 5% overvalued.
Summary
Titan Machinery Inc. announced today that Robert Larsen has been appointed as the company’s new Chief Financial Officer, effective immediately. Prior to that, he held various finance leadership roles at Cargill, including Controller of Cargill’s North American protein business and Corporate Treasurer. He began his career at Deloitte & Touche LLP. “We are very pleased to welcome Robert to Titan Machinery,” said David Meyer, Titan Machinery’s Chairman and CEO.
“His extensive experience in finance, accounting and treasury will be a valuable asset to our company as we continue to execute on our strategic growth initiatives.” “I am excited to join Titan Machinery and look forward to working with the management team to continue to build shareholder value,” said Larsen.
