Titan America (NYSE:TTAM) Announces Quarterly Earnings Results, Meets Expectations

Titan America (NYSE:TTAM) announced its quarterly earnings data on Wednesday. The company reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31, Zacks reports. The company’s quarterly revenue was up 6.2% on a year-over-year basis. Titan America updated its FY 2025 guidance to EPS.

Titan America Stock Performance

TTAM opened at $14.90 on Thursday. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.45. The company has a market cap of $2.75 billion and a price-to-earnings ratio of 21.91. The company’s 50 day moving average is $15.16 and its 200 day moving average is $14.37. Titan America has a 12-month low of $10.80 and a 12-month high of $17.78.

Titan America Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, December 29th. Investors of record on Wednesday, December 17th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. Titan America’s dividend payout ratio (DPR) is presently 23.53%.

Hedge Funds Weigh In On Titan America

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets purchased a new position in shares of Titan America in the second quarter worth approximately $28,000. New York State Common Retirement Fund purchased a new position in shares of Titan America in the second quarter worth approximately $96,000. JPMorgan Chase & Co. purchased a new position in shares of Titan America in the second quarter worth approximately $149,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Titan America in the second quarter worth approximately $166,000. Finally, Rhumbline Advisers purchased a new position in shares of Titan America in the second quarter worth approximately $292,000.

Analysts Set New Price Targets

TTAM has been the topic of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $15.00 price target (down previously from $17.00) on shares of Titan America in a report on Monday, July 28th. Bank of America reaffirmed an “underperform” rating and set a $14.00 price target on shares of Titan America in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.07.

About Titan America

Titan America is a leading vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating primarily on the Eastern Seaboard of the United States (the “Eastern Seaboard”). We are a leading provider of materials that contribute to lower carbon emissions than traditional building materials and/or beneficial reuse of waste materials.