Titan America SA (NYSE:TTAM) Receives Consensus Rating of “Hold” from Analysts

Titan America SA (NYSE:TTAM) has earned an average rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $19.30.

TTAM has been the topic of a number of analyst reports. Weiss Ratings cut Titan America from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. HSBC downgraded Titan America from a “buy” rating to a “hold” rating and set a $18.50 target price on the stock. in a research note on Thursday, May 7th. Citigroup lifted their target price on shares of Titan America from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Stifel Nicolaus upped their target price on Titan America from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded shares of Titan America from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st.

Institutional Trading of Titan America

A number of hedge funds and other institutional investors have recently made changes to their positions in TTAM. BNP Paribas Financial Markets bought a new stake in shares of Titan America during the second quarter worth $28,000. Kemnay Advisory Services Inc. acquired a new stake in Titan America during the 4th quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd lifted its stake in Titan America by 633.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,170 shares of the company’s stock valued at $36,000 after buying an additional 1,874 shares in the last quarter. New York State Common Retirement Fund acquired a new position in Titan America in the 2nd quarter worth $96,000. Finally, California State Teachers Retirement System grew its holdings in shares of Titan America by 383.5% during the second quarter. California State Teachers Retirement System now owns 6,363 shares of the company’s stock worth $119,000 after buying an additional 5,047 shares in the last quarter.

Titan America Price Performance

NYSE TTAM opened at $15.03 on Monday. Titan America has a 12 month low of $13.89 and a 12 month high of $19.57. The firm has a market capitalization of $2.77 billion, a PE ratio of 15.66, a P/E/G ratio of 0.96 and a beta of 1.08. The company’s 50 day simple moving average is $16.74 and its 200 day simple moving average is $16.52. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.08 and a quick ratio of 1.17.

Titan America (NYSE:TTAM) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.06). The business had revenue of $470.63 million during the quarter. Titan America had a return on equity of 17.03% and a net margin of 10.35%.Titan America’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 earnings per share. As a group, equities research analysts forecast that Titan America will post 1.09 EPS for the current fiscal year.

Titan America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, October 1st. Titan America’s dividend payout ratio is currently 16.67%.

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”).