Titan America SA (NYSE:TTAM) Given Average Rating of “Hold” by Analysts

Titan America SA (NYSE:TTAM) has been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $17.3571.

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

Hedge Funds Weigh In On Titan America

Several large investors have recently made changes to their positions in TTAM. River Road Asset Management LLC bought a new stake in shares of Titan America in the 2nd quarter worth approximately $45,507,000. Voss Capital LP grew its stake in shares of Titan America by 51.6% in the 4th quarter. Voss Capital LP now owns 2,600,000 shares of the company’s stock worth $42,848,000 after buying an additional 885,000 shares during the last quarter. American Century Companies Inc. increased its position in Titan America by 16.5% during the 2nd quarter. American Century Companies Inc. now owns 5,823,647 shares of the company’s stock valued at $72,679,000 after buying an additional 823,900 shares in the last quarter. Millennium Management LLC purchased a new position in Titan America during the first quarter valued at $9,188,000. Finally, Invesco Ltd. raised its stake in Titan America by 3,319.8% during the fourth quarter. Invesco Ltd. now owns 515,426 shares of the company’s stock valued at $8,494,000 after buying an additional 500,354 shares during the last quarter.

Titan America Stock Down 3.3%

Shares of NYSE:TTAM opened at $16.05 on Monday. The firm has a market capitalization of $2.96 billion and a P/E ratio of 16.21. 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 50 day moving average price of $17.69 and a 200-day moving average price of $16.30. Titan America has a 52-week low of $10.80 and a 52-week high of $19.42.

Titan America Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 29th. Shareholders of record on Wednesday, December 17th were issued a $0.04 dividend. The ex-dividend date was Wednesday, December 17th. Titan America’s dividend 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”).