Titan America SA (NYSE:TTAM) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Titan America SA (NYSE:TTAM) have been given an average recommendation of “Hold” by the eight research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $17.3571.

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

Titan America Trading Up 1.1%

TTAM opened at $18.44 on Thursday. 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 has a fifty-two week low of $10.80 and a fifty-two week high of $19.42. The company’s 50 day moving average price is $17.45 and its two-hundred day moving average price is $16.05. The firm has a market capitalization of $3.40 billion and a price-to-earnings ratio of 18.62.

Titan America Announces Dividend

The company also recently announced a dividend, which was paid on Monday, December 29th. Investors of record on Wednesday, December 17th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, December 17th. Titan America’s dividend payout ratio (DPR) is currently 16.16%.

Institutional Trading of Titan America

A number of institutional investors have recently bought and sold shares of the company. Rhumbline Advisers raised its position in shares of Titan America by 3.0% in the 3rd quarter. Rhumbline Advisers now owns 24,073 shares of the company’s stock worth $360,000 after acquiring an additional 691 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Titan America by 3.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 26,026 shares of the company’s stock worth $429,000 after purchasing an additional 823 shares in the last quarter. Intech Investment Management LLC lifted its stake in Titan America by 7.1% in the third quarter. Intech Investment Management LLC now owns 13,622 shares of the company’s stock valued at $204,000 after buying an additional 898 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Titan America by 13.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,733 shares of the company’s stock worth $243,000 after buying an additional 1,786 shares in the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Titan America during the 4th quarter worth approximately $30,000.

Titan America Company Profile

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”).