Titan America (NYSE:TTAM) Rating Increased to Buy at Wall Street Zen

Titan America (NYSE:TTAM) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

Other equities analysts have also recently issued reports about the stock. Sanford C. Bernstein raised their target price on shares of Titan America from $15.00 to $17.00 and gave the company a “market perform” rating in a research note 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 for the company in a report on Thursday, March 19th. Finally, Jefferies Financial Group raised their price objective on Titan America from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $17.00.

Titan America Stock Up 0.1%

NYSE TTAM opened at $15.11 on Friday. Titan America has a 12 month low of $10.80 and a 12 month high of $19.42. The company has a current ratio of 3.03, a quick ratio of 1.91 and a debt-to-equity ratio of 0.43. The stock has a market cap of $2.78 billion, a PE ratio of 14.81, a P/E/G ratio of 1.08 and a beta of 1.36. The stock’s 50 day moving average is $16.97 and its 200 day moving average is $16.25.

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

Insider Buying and Selling at Titan America

In other news, CFO Lawrence Hugh Jr. Wilt bought 20,000 shares of Titan America stock in a transaction dated Thursday, March 19th. The shares were acquired at an average price of $14.93 per share, with a total value of $298,600.00. Following the completion of the purchase, the chief financial officer owned 20,000 shares in the company, valued at $298,600. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Institutional Trading of Titan America

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTAM. BNP Paribas Financial Markets bought a new stake in Titan America in the second quarter worth about $28,000. Kemnay Advisory Services Inc. bought a new position in shares of Titan America during the fourth quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd raised its holdings 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 worth $36,000 after buying an additional 1,874 shares during the period. CWM LLC purchased a new stake in shares of Titan America in the third quarter worth approximately $61,000. Finally, New York State Common Retirement Fund purchased a new position in Titan America during the 2nd quarter valued at $96,000.

About Titan America

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”).