Titan America SA (TTAM) – What Are Analysts Saying About This Stock?

Shares of Titan America SA (NYSE:TTAM – Get Free Report) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, 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 brokerages that have issued a report on the stock in the last year is $18.50.

Several research analysts recently weighed in on TTAM shares. Citigroup cut their price target 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. Weiss Ratings lowered Titan America from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, September 17th. Stifel Nicolaus increased their price objective on Titan America from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, July 29th. Finally, Zacks Research lowered shares of Titan America from a “hold” rating to a “strong sell” rating in a report on Friday.

Check Out Our Latest Stock Report on Titan America

Institutional Trading of Titan America

Several large investors have recently modified their holdings of TTAM. Caitong International Asset Management Co. Ltd increased its stake in shares of Titan America by 2,018.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,271 shares of the company’s stock worth $103,000 after purchasing an additional 5,975 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Titan America during the third quarter valued at approximately $106,000. Keybank National Association OH boosted its position in Titan America by 11.9% in the 1st quarter. Keybank National Association OH now owns 23,500 shares of the company’s stock valued at $352,000 after buying an additional 2,500 shares during the period. Public Employees Retirement System of Ohio bought a new position in Titan America during the 1st quarter worth about $375,000. Finally, PNC Financial Services Group Inc. grew its stake in Titan America by 3.5% in the first quarter. PNC Financial Services Group Inc. now owns 26,946 shares of the company’s stock valued at $404,000 after purchasing an additional 920 shares during the last quarter.

Titan America Price Performance

Shares of TTAM opened at $13.52 on Tuesday. The firm has a market cap of $2.49 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10. The business’s 50 day moving average price is $14.38 and its two-hundred day moving average price is $15.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 2.08. Titan America has a 52-week low of $12.88 and a 52-week high of $19.57.

Titan America (NYSE:TTAM – Get Free Report) last issued its 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 firm had revenue of $470.63 million during the quarter. During the same period in the previous year, the company posted $0.28 EPS. Titan America’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate that Titan America will post 1.07 EPS for the current year.

Titan America Announces Dividend

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

About Titan America

(Get Free Report)

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.

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Analyst Recommendations for Titan America (NYSE:TTAM)

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