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

Shares of Titan America SA (NYSE:TTAM) reached a new 52-week low during trading on Wednesday . The stock traded as low as $13.76 and last traded at $13.7670, with a volume of 231310 shares changing hands. The stock had previously closed at $14.06.

Wall Street Analyst Weigh In

TTAM has been the subject of several research analyst reports. Zacks Research upgraded shares of Titan America from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. Stifel Nicolaus raised their target price on Titan America from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. Weiss Ratings raised Titan America from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, September 2nd. Finally, Citigroup upped their price objective on Titan America from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Titan America presently has a consensus rating of “Hold” and a consensus target price of $19.30.

Titan America Trading Up 0.1%

The company has a current ratio of 2.08, a quick ratio of 1.17 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 0.88 and a beta of 1.05. The firm’s 50-day moving average is $15.74 and its 200 day moving average is $16.14.

Titan America (NYSE:TTAM) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.06). The business had revenue of $470.63 million during the quarter. Titan America had a net margin of 10.35% and a return on equity of 17.03%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 EPS. On average, equities analysts predict that Titan America SA will post 1.09 earnings per share for the current fiscal year.

Titan America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 1st will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 1st. Titan America’s dividend payout ratio (DPR) is currently 16.67%.

Institutional Trading of Titan America

Several institutional investors have recently added to or reduced their stakes in TTAM. Squarepoint Ops LLC bought a new position in Titan America during the 2nd quarter worth approximately $915,000. Ancora Advisors LLC increased its position in shares of Titan America by 0.6% during the second 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. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Titan America during the second quarter worth $7,623,000. Lazard Asset Management LLC bought a new position in Titan America during the first quarter worth $1,452,000. Finally, ABS Direct Equity Fund LLC acquired a new position in Titan America in the first quarter valued at $449,000.

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.