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

Shares of Titan America SA (NYSE:TTAM) have received a consensus rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $17.2143.

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

Institutional Trading of Titan America

A number of institutional investors have recently modified their holdings of the company. Nuveen LLC purchased a new position in shares of Titan America in the 1st quarter worth approximately $4,947,000. Eisler Capital Management Ltd. purchased a new position in Titan America in the first quarter worth $1,011,000. Aperture Investors LLC acquired a new position in shares of Titan America during the first quarter worth $1,054,000. Ghisallo Capital Management LLC purchased a new stake in shares of Titan America during the 1st quarter valued at $3,245,000. Finally, Alliancebernstein L.P. acquired a new stake in shares of Titan America in the 1st quarter worth $33,017,000.

Titan America Price Performance

Shares of TTAM stock opened at $16.95 on Wednesday. Titan America has a twelve month low of $10.80 and a twelve month high of $17.78. The company has a current ratio of 2.95, a quick ratio of 1.87 and a debt-to-equity ratio of 0.45. The stock has a fifty day simple moving average of $15.67 and a two-hundred day simple moving average of $14.90. The stock has a market capitalization of $3.12 billion and a price-to-earnings ratio of 17.12.

Titan America (NYSE:TTAM) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. Titan America had a return on equity of 19.80% and a net margin of 10.83%.The firm had revenue of $436.85 million during the quarter, compared to the consensus estimate of $439.30 million. Titan America’s revenue was up 6.2% compared to the same quarter last year.

Titan America Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, December 29th. Shareholders of record on Wednesday, December 17th will be paid a $0.04 dividend. The ex-dividend date is Wednesday, December 17th. Titan America’s payout ratio is 16.16%.

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”).