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

Titan America SA (NYSE:TTAM) has earned a consensus rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $17.00.

A number of research firms have recently issued reports on TTAM. Sanford C. Bernstein raised 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, December 19th. Citigroup dropped their price objective on shares of Titan America from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Wall Street Zen cut shares of Titan America from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Jefferies Financial Group lifted their target price on Titan America from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, December 15th.

Titan America Trading Down 1.1%

Shares of NYSE TTAM opened at $15.11 on Friday. The company has a quick ratio of 1.91, a current ratio of 3.03 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average price is $17.02 and its two-hundred day moving average price is $16.25. Titan America has a 52-week low of $10.80 and a 52-week high of $19.42. The stock has a market capitalization of $2.78 billion, a P/E ratio of 14.81, a PEG ratio of 1.10 and a beta of 1.36.

Titan America (NYSE:TTAM) last issued its earnings results on Saturday, February 14th. The company reported $0.24 EPS for the quarter. The company had revenue of $405.66 million during the quarter. Titan America had a return on equity of 19.07% and a net margin of 11.14%.

Titan America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Monday, April 20th will be given a dividend of $0.04 per share. The ex-dividend date is Monday, April 20th. This represents a $0.16 dividend on an annualized basis and a yield of 1.1%. Titan America’s payout ratio is currently 15.69%.

Insider Buying and Selling

In related news, CFO Lawrence Hugh Jr. Wilt acquired 20,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average cost of $14.93 per share, for a total transaction of $298,600.00. Following the purchase, the chief financial officer directly owned 20,000 shares in the company, valued at $298,600. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Hedge Funds Weigh In On Titan America

Several institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new stake in shares of Titan America in the 2nd quarter worth about $28,000. Kemnay Advisory Services Inc. acquired a new position in Titan America during the 4th quarter valued at about $30,000. Ameritas Investment Partners Inc. bought a new position in Titan America in the 2nd quarter worth about $31,000. Caitong International Asset Management Co. Ltd increased its stake in shares of 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 purchasing an additional 1,874 shares during the period. Finally, CWM LLC acquired a new stake in shares of Titan America in the third quarter valued at approximately $61,000.

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”).