Titan America (NYSE:TTAM) Sets New 12-Month Low – Time to Sell?

Titan America SA (NYSE:TTAM)’s share price reached a new 52-week low on Wednesday. The stock traded as low as $12.88 and last traded at $13.0860, with a volume of 2,441 shares. The stock had previously closed at $13.10.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Citigroup dropped their target price on shares of Titan America from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Stifel Nicolaus raised their target price on shares of Titan America from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings cut Titan America from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 17th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Titan America currently has an average rating of “Hold” and a consensus target price of $18.50.

Titan America Stock Up 4.6%

The firm has a 50-day simple moving average of $14.47 and a two-hundred day simple moving average of $15.82. The stock has a market cap of $2.52 billion, a P/E ratio of 13.61, a PEG ratio of 1.14 and a beta of 1.10. The company has a current ratio of 2.08, a quick ratio of 1.17 and a debt-to-equity ratio of 0.51.

Titan America (NYSE:TTAM) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.06). Titan America had a net margin of 10.35% and a return on equity of 17.03%. The business had revenue of $470.63 million during the quarter. During the same quarter in the previous year, the business earned $0.28 EPS. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities research analysts expect that Titan America SA will post 1.07 earnings per share for the current fiscal year.

Titan America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 1st were issued a $0.04 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.16 dividend on an annualized basis and a yield of 1.2%. Titan America’s payout ratio is currently 16.67%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. River Road Asset Management LLC increased its holdings in shares of Titan America by 3.5% during the fourth quarter. River Road Asset Management LLC now owns 3,856,334 shares of the company’s stock worth $63,552,000 after purchasing an additional 128,624 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Titan America in the second quarter valued at approximately $7,623,000. Ancora Advisors LLC raised its position in shares of Titan America by 0.6% in the second quarter. Ancora Advisors LLC now owns 161,220 shares of the company’s stock valued at $3,008,000 after buying an additional 1,020 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Titan America by 23.2% in the first quarter. Sei Investments Co. now owns 131,242 shares of the company’s stock valued at $1,965,000 after buying an additional 24,672 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Titan America in the first quarter valued at approximately $1,489,000.

Titan America Company Profile

Titan America (NYSE: TTAM) is a building materials company serving the construction industry in the United States. The company produces and supplies cement, ready-mix concrete, aggregates, concrete blocks and related construction materials for infrastructure, commercial, residential and industrial projects.

Titan America operates across the eastern and southeastern United States, with activities that include cement manufacturing, aggregate extraction and processing, ready-mix concrete production and distribution.