Titan America (NYSE:TTAM) Stock Rating Upgraded by Wall Street Zen

Titan America (NYSE:TTAM) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday.

TTAM has been the topic of a number of other reports. Sanford C. Bernstein boosted their price objective on Titan America from $15.00 to $17.00 and gave the company a “market perform” rating in a research note on Friday, December 19th. Jefferies Financial Group boosted their price objective on Titan America from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Finally, Citigroup decreased their price objective on Titan America from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Titan America Stock Performance

Shares of TTAM opened at $14.98 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.03 and a quick ratio of 1.91. Titan America has a 1 year low of $10.80 and a 1 year high of $19.42. The firm has a market cap of $2.76 billion, a PE ratio of 14.69, a PEG ratio of 1.08 and a beta of 1.36. The stock’s fifty day moving average price is $16.91 and its two-hundred day moving average price is $16.26.

Titan America (NYSE:TTAM) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.24 earnings per share (EPS) for the quarter. Titan America had a return on equity of 19.07% and a net margin of 11.14%.The company had revenue of $405.66 million for the quarter.

Insiders Place Their Bets

In other Titan America news, CFO Lawrence Hugh Jr. Wilt bought 20,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were acquired at an average cost of $14.93 per share, for a total transaction of $298,600.00. Following the purchase, the chief financial officer directly owned 20,000 shares of the company’s stock, valued at $298,600. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Hedge Funds Weigh In On Titan America

A number of institutional investors have recently added to or reduced their stakes in TTAM. Voss Capital LP increased its stake in Titan America by 51.6% in the 4th quarter. Voss Capital LP now owns 2,600,000 shares of the company’s stock worth $42,848,000 after acquiring an additional 885,000 shares during the last quarter. Millennium Management LLC bought a new position in Titan America in the 1st quarter worth about $9,188,000. Invesco Ltd. increased its stake in Titan America by 3,319.8% in the 4th quarter. Invesco Ltd. now owns 515,426 shares of the company’s stock worth $8,494,000 after acquiring an additional 500,354 shares during the last quarter. Geode Capital Management LLC bought a new position in Titan America in the 2nd quarter worth about $3,591,000. Finally, Victory Capital Management Inc. increased its stake in Titan America by 7.2% in the 4th quarter. Victory Capital Management Inc. now owns 3,417,804 shares of the company’s stock worth $56,325,000 after acquiring an additional 230,943 shares during the last quarter.

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”).