Shares of Titan America SA (NYSE:TTAM – Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $13.28 and last traded at $13.84, with a volume of 328333 shares traded. The stock had previously closed at $13.32.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. Stifel Nicolaus boosted their target price on Titan America from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Citigroup raised their price target on shares of Titan America from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings cut shares of Titan America from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 17th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Titan America currently has an average rating of “Hold” and a consensus price target of $19.30.
View Our Latest Research Report on Titan America
Titan America Price Performance
Titan America (NYSE:TTAM – Get Free Report) last posted 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 earned $0.28 EPS. The company’s revenue was up 9.6% on a year-over-year basis. On average, sell-side analysts anticipate that Titan America SA will post 1.09 earnings per share for the current fiscal year.
Titan America Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 1st will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, October 1st. Titan America’s dividend payout ratio (DPR) is 16.67%.
Institutional Investors Weigh In On Titan America
A number of institutional investors have recently added to or reduced their stakes in the business. River Road Asset Management LLC raised its stake 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 valued at $63,552,000 after acquiring an additional 128,624 shares during the last quarter. Voss Capital LP grew its stake in shares of Titan America by 51.6% in the fourth quarter. Voss Capital LP now owns 2,600,000 shares of the company’s stock worth $42,848,000 after purchasing an additional 885,000 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Titan America during the 2nd quarter worth $7,623,000. Ancora Advisors LLC lifted its holdings in Titan America by 0.6% during the 2nd quarter. Ancora Advisors LLC now owns 161,220 shares of the company’s stock worth $3,008,000 after buying an additional 1,020 shares during the period. Finally, Sei Investments Co. grew its position in shares of Titan America by 23.2% in the 1st 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 last quarter.
Titan America Company Profile
Titan America is a building materials company that produces and supplies cement, ready-mix concrete, aggregates and other products used in residential, commercial and infrastructure construction. Its portfolio also includes concrete blocks and related construction materials, as well as supplementary cementitious materials that can be used in concrete production.
The company serves customers across the eastern United States through a network of cement plants, terminals, quarries, ready-mix concrete facilities and other distribution assets.
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