5 Best Heavy Equipment Stocks to Buy as Backlogs Hit Records

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1. Titan International, Inc. (NYSE:TWI)

Upside Potential: 55.22%

Target Price: $11.75

On April 30, Titan International, Inc. (NYSE:TWI) reported first-quarter revenue of $505.07 million, surpassing consensus expectations of $497.24 million. President and Chief Executive Officer Paul Reitz stated that the company delivered results at the high end of internal expectations despite navigating a highly dynamic macroeconomic backdrop. The Earthmoving/Construction segment emerged as the company’s strongest-performing business during the quarter, posting growth exceeding 11% year over year. Gross margin within the segment improved by 90 basis points to 11.3%, supported by stronger revenue growth and improved fixed-cost leverage. Management also noted that the agricultural business recorded modest growth while the consumer segment experienced only a limited decline, contributing to overall quarterly revenue growth of nearly 3% alongside higher gross margin and adjusted EBITDA performance.

On the same day, Titan International, Inc. (NYSE:TWI) reaffirmed its fiscal 2026 adjusted EBITDA guidance range of $105 million to $115 million. Chief Financial Officer Tony Eheli stated that the company expects second-quarter sales to range between $470 million and $490 million, with adjusted EBITDA projected between $25 million and $30 million. Management also maintained full-year sales guidance of $1.85 billion to $1.95 billion, reflecting continued confidence in operational execution and demand stability despite ongoing geopolitical and tariff-related volatility across global markets.

Founded in 1890 and headquartered in West Chicago, Titan International, Inc. (NYSE:TWI) manufactures off-the-road tires, wheels, and undercarriage systems for agricultural, construction, mining, and industrial heavy equipment markets. The company operates globally and supplies products supporting large-scale industrial and infrastructure operations.

While we acknowledge the potential of TWI as the best heavy equipment stock, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TWI and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 7 Best Hardware Stocks to Buy for the AI PC Revolution and 10 Best Industrial Stocks to Buy for the 2026 Infrastructure Boom.

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