Titan America SA (NYSE:TTAM) Receives Average Rating of “Hold” from Analysts

Titan America SA (NYSE:TTAM) has earned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $17.4167.

TTAM has been the subject of several analyst reports. HSBC cut shares of Titan America from a “buy” rating to a “hold” rating and set a $18.50 price target for the company. in a research note on Thursday, May 7th. Citigroup lifted their target price on Titan America from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Zacks Research downgraded Titan America from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. Finally, Wall Street Zen downgraded Titan America from a “buy” rating to a “hold” rating in a research report on Monday, April 13th.

Insider Buying and Selling

In other Titan America news, CFO Lawrence Hugh Jr. Wilt bought 20,000 shares of Titan America stock in a transaction on Thursday, March 19th. The shares were bought at an average price of $14.93 per share, for a total transaction of $298,600.00. Following the completion of the transaction, the chief financial officer directly owned 20,000 shares of the company’s stock, valued at $298,600. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Institutional Investors Weigh In On Titan America

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTAM. Voss Capital LP raised its position in Titan America by 51.6% in the fourth quarter. Voss Capital LP now owns 2,600,000 shares of the company’s stock valued at $42,848,000 after purchasing an additional 885,000 shares during the period. Millennium Management LLC purchased a new stake in Titan America in the first quarter valued at $9,188,000. Invesco Ltd. grew its stake in shares of Titan America by 3,319.8% in 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 in the last quarter. Geode Capital Management LLC acquired a new stake in shares of Titan America in the second quarter valued at $3,591,000. Finally, Victory Capital Management Inc. grew its stake in shares of Titan America by 7.2% in the fourth quarter. Victory Capital Management Inc. now owns 3,417,804 shares of the company’s stock valued at $56,325,000 after buying an additional 230,943 shares in the last quarter.

Titan America Stock Performance

Shares of Titan America stock opened at $15.14 on Friday. Titan America has a one year low of $12.18 and a one year high of $19.42. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 0.98 and a beta of 1.24. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.96 and a current ratio of 2.99. The business’s 50 day moving average price is $15.76 and its 200 day moving average price is $16.50.

Titan America (NYSE:TTAM) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Titan America had a return on equity of 18.35% and a net margin of 11.08%.The company had revenue of $398.42 million for the quarter. During the same quarter last year, the firm posted $0.19 EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, research analysts predict that Titan America will post 1.09 EPS for the current year.

Titan America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Thursday, June 18th will be given a $0.04 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.16 dividend on an annualized basis and a yield of 1.1%. Titan America’s payout ratio 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”).