Shares of Titan America SA (NYSE:TTAM – Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $19.46 and last traded at $19.50, with a volume of 32827 shares traded. The stock had previously closed at $18.77.
Wall Street Analyst Weigh In
A number of brokerages have commented on TTAM. Zacks Research upgraded Titan America from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. Wall Street Zen lowered Titan America from a “buy” rating to a “hold” rating in a research note on Monday, April 13th. 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. Finally, Citigroup boosted their price objective on Titan America from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $17.42.
Read Our Latest Report on TTAM
Titan America Trading Up 1.8%
Titan America (NYSE:TTAM – Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $398.42 million for the quarter. Titan America had a return on equity of 18.35% and a net margin of 11.08%.Titan America’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 earnings per share. Analysts anticipate that Titan America SA will post 1.09 EPS for the current year.
Titan America Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Thursday, June 18th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 18th. Titan America’s dividend payout ratio (DPR) is currently 15.84%.
Institutional Trading of Titan America
Hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC bought a new position in Titan America during the first quarter worth about $1,452,000. ABS Direct Equity Fund LLC bought a new stake in shares of Titan America in the first quarter worth about $449,000. Renaissance Technologies LLC acquired a new stake in shares of Titan America during the first quarter worth about $1,489,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Titan America during the first quarter worth about $375,000. Finally, Sei Investments Co. lifted its stake in 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 in the last quarter.
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”).
Featured Articles
- Five stocks we like better than Titan America
- Carnival’s Second Quarter: Is the Stock Still Complicated?
- Domino’s Stock Slides to 52-Week Low as Investors Digest CEO Change
- Microsoft Solves AI’s Biggest Bottleneck With Chevron Deal
- Getty Images’ OpenAI Deal Gives the Stock a New AI Licensing Story
Receive News & Ratings for Titan America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan America and related companies with MarketBeat.com's FREE daily email newsletter.
