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

Shares of Titan America SA (NYSE:TTAM) have earned an average recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $17.4167.

Several analysts have weighed in on the company. Wall Street Zen cut Titan America from a “buy” rating to a “hold” rating in a report on Monday, April 13th. Zacks Research raised Titan America from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Citigroup raised their price target on Titan America from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, HSBC cut Titan America from a “buy” rating to a “hold” rating and set a $18.50 price target on the stock. in a report on Thursday, May 7th.

Insider Buying and Selling at Titan America

In other news, CFO Lawrence Hugh Jr. Wilt acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were bought at an average cost of $14.93 per share, with a total value of $298,600.00. Following the acquisition, the chief financial officer owned 20,000 shares in the company, valued at approximately $298,600. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Hedge Funds Weigh In On Titan America

Large investors have recently modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new position in shares of Titan America during the 4th quarter valued at about $30,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Titan America by 633.1% during the 4th 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. BNP Paribas Financial Markets purchased a new position in shares of Titan America during the 2nd quarter valued at about $28,000. SG Americas Securities LLC purchased a new position in shares of Titan America during the 4th quarter valued at about $104,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Titan America during the 2nd quarter valued at about $96,000.

Titan America Stock Performance

NYSE:TTAM opened at $17.31 on Wednesday. The business’s 50-day moving average price is $16.09 and its two-hundred day moving average price is $16.60. Titan America has a twelve month low of $12.18 and a twelve month high of $19.42. The stock has a market cap of $3.19 billion, a P/E ratio of 17.14, a PEG ratio of 1.09 and a beta of 1.15. The company has a quick ratio of 1.96, a current ratio of 2.99 and a debt-to-equity ratio of 0.41.

Titan America (NYSE:TTAM) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Titan America had a net margin of 11.08% and a return on equity of 18.35%. The business had revenue of $398.42 million during the quarter. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities analysts predict that Titan America will post 1.09 EPS for the current fiscal year.

Titan America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Thursday, June 18th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, June 18th. Titan America’s dividend payout ratio (DPR) is currently 15.84%.

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”).