Analysts Set Titan America SA (NYSE:TTAM) PT at $17.36

Shares of Titan America SA (NYSE:TTAM) have received a consensus rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $17.3571.

A number of research firms have commented on TTAM. Citigroup raised their price target on shares of Titan America from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Jefferies Financial Group increased their price objective on shares of Titan America from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Sanford C. Bernstein boosted their target price on Titan America from $15.00 to $17.00 and gave the company a “market perform” rating in a research report on Friday, December 19th. Finally, Wall Street Zen raised Titan America from a “hold” rating to a “buy” rating in a research note on Saturday, November 29th.

Titan America Stock Down 2.4%

Shares of Titan America stock opened at $16.80 on Friday. The stock’s 50-day moving average is $16.42 and its 200 day moving average is $15.47. Titan America has a one year low of $10.80 and a one year high of $18.00. The firm has a market cap of $3.10 billion and a price-to-earnings ratio of 16.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.95 and a quick ratio of 1.87.

Titan America (NYSE:TTAM) last posted its quarterly 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. The firm had revenue of $436.85 million for the quarter, compared to analysts’ expectations of $439.30 million. Titan America had a return on equity of 19.80% and a net margin of 10.83%.Titan America’s revenue was up 6.2% compared to the same quarter last year.

Titan America Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, December 29th. Shareholders of record on Wednesday, December 17th were issued a dividend of $0.04 per share. The ex-dividend date was Wednesday, December 17th. Titan America’s dividend payout ratio is presently 16.16%.

Institutional Investors Weigh In On Titan America

A number of institutional investors and hedge funds have recently made changes to their positions in TTAM. Franklin Resources Inc. grew its stake in shares of Titan America by 176.6% in the 2nd quarter. Franklin Resources Inc. now owns 697,226 shares of the company’s stock worth $8,701,000 after acquiring an additional 445,154 shares in the last quarter. American Century Companies Inc. boosted its holdings in Titan America by 16.5% during the second quarter. American Century Companies Inc. now owns 5,823,647 shares of the company’s stock worth $72,679,000 after purchasing an additional 823,900 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Titan America in the 2nd quarter worth about $568,000. Alberta Investment Management Corp purchased a new stake in Titan America in the 2nd quarter valued at about $3,494,000. Finally, River Road Asset Management LLC bought a new position in shares of Titan America during the 2nd quarter worth approximately $45,507,000.

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. We are a leading provider of heavy building materials in Florida, the New York and New Jersey Metropolitan area (“Metro New York”), Virginia, North Carolina and South Carolina (Virginia and the Carolinas, together with Metro New York and their adjacent areas, the “Mid-Atlantic”).