Titan America (NYSE:TTAM) Stock Rating Upgraded by Wall Street Zen

Titan America (NYSE:TTAM) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Titan America Trading Up 0.7%

Titan America stock opened at $16.24 on Friday. Titan America has a 52 week low of $10.80 and a 52 week high of $17.78. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.87 and a current ratio of 2.95. The stock has a market capitalization of $2.99 billion and a P/E ratio of 16.40. The stock has a 50-day simple moving average of $15.17 and a 200 day simple moving average of $14.62.

Titan America (NYSE:TTAM) last posted its earnings results on Wednesday, November 5th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. Titan America had a net margin of 10.83% and a return on equity of 19.80%. The company had revenue of $436.85 million during the quarter, compared to analysts’ expectations of $439.30 million. The business’s quarterly revenue was up 6.2% on a year-over-year basis. Titan America has set its FY 2025 guidance at EPS.

Institutional Trading of Titan America

A number of institutional investors have recently bought and sold shares of TTAM. BNP Paribas Financial Markets bought a new stake in shares of Titan America during the 2nd quarter valued at about $28,000. Ameritas Investment Partners Inc. acquired a new position in Titan America in the second quarter valued at approximately $31,000. CWM LLC bought a new position in shares of Titan America during the 3rd quarter worth approximately $61,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Titan America during the 2nd quarter worth approximately $65,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Titan America in the 2nd quarter valued at $96,000.

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.