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

Titan America SA (NYSE:TTAM) has earned a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $18.50.

A number of brokerages have recently issued reports on TTAM. Zacks Research downgraded shares of Titan America from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Citigroup decreased their price objective on 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 “sell (d+)” rating in a research report on Tuesday, October 20th. Finally, Stifel Nicolaus increased their price objective on Titan America from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th.

Titan America Price Performance

Shares of TTAM stock opened at $13.38 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.08 and a quick ratio of 1.17. The firm’s 50-day moving average is $14.20 and its two-hundred day moving average is $16.13. Titan America has a 12 month low of $12.88 and a 12 month high of $19.57. The company has a market capitalization of $2.47 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10.

Titan America (NYSE:TTAM) last posted its earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share 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 quarter last year, the firm earned $0.28 EPS. Titan America’s revenue was up 9.6% compared to the same quarter last year. Analysts predict that Titan America will post 1.07 earnings per share for the current year.

Hedge Funds Weigh In On Titan America

Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its holdings in shares of Titan America by 3.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 26,946 shares of the company’s stock worth $404,000 after acquiring an additional 920 shares during the last quarter. Ancora Advisors LLC boosted its position in shares of 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 purchasing an additional 1,020 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Titan America by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 55,975 shares of the company’s stock worth $839,000 after purchasing an additional 1,072 shares during the period. Keybank National Association OH boosted its position in shares of Titan America by 11.9% during the 1st quarter. Keybank National Association OH now owns 23,500 shares of the company’s stock worth $352,000 after purchasing an additional 2,500 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its holdings in 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 valued at $103,000 after purchasing an additional 5,975 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 construction products. Its materials are used in residential, commercial, infrastructure and other construction projects.

The company operates cement manufacturing facilities, distribution terminals, aggregate quarries and ready-mix concrete plants. Its product portfolio also includes concrete masonry products and related materials used by contractors, concrete producers and construction companies.

Titan America serves customers primarily across the eastern and southeastern United States, with operations and distribution capabilities covering markets including Florida, Virginia, the Carolinas, the Mid-Atlantic and the Northeast.