Titan America SA (NYSE:TTAM) Given Consensus Rating of “Hold” by Analysts

Titan America SA (NYSE:TTAM) has received a consensus recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $17.75.

A number of equities analysts have recently issued reports on the stock. Zacks Research raised shares of 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 report on Monday, April 13th. Citigroup lifted their price target on shares of Titan America from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, HSBC lowered shares of Titan America from a “buy” rating to a “hold” rating and set a $18.50 target price for the company. in a research report on Thursday, May 7th.

Institutional Investors Weigh In On Titan America

Several institutional investors and hedge funds have recently modified their holdings of TTAM. Kemnay Advisory Services Inc. bought a new position in shares of Titan America during the fourth quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd raised its position in shares of Titan America by 633.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,170 shares of the company’s stock valued at $36,000 after purchasing an additional 1,874 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of Titan America in the second quarter worth $28,000. SG Americas Securities LLC bought a new position in Titan America during the fourth quarter valued at approximately $104,000. Finally, New York State Common Retirement Fund bought a new position in Titan America during the second quarter valued at $96,000.

Titan America Price Performance

TTAM stock traded up $0.26 during midday trading on Friday, reaching $17.39. The company had a trading volume of 229,207 shares, compared to its average volume of 258,412. The stock has a 50 day moving average price of $16.83 and a 200-day moving average price of $16.83. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 1.11 and a beta of 0.97. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.99 and a quick ratio of 1.96. Titan America has a 1-year low of $13.29 and a 1-year high of $19.57.

Titan America (NYSE:TTAM) 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 business had revenue of $398.42 million during the quarter. Titan America had a net margin of 11.08% and a return on equity of 18.35%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 earnings per share. Equities research analysts expect that Titan America will post 1.09 earnings per share for the current year.

Titan America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Thursday, June 18th were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.9%. Titan America’s dividend payout ratio is 15.84%.

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”).