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

Shares of Titan America SA (NYSE:TTAM) have earned an average recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $19.30.

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded Titan America from a “buy” rating to a “hold” rating in a report on Monday, April 13th. Zacks Research upgraded Titan America from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. Citigroup increased their target price on Titan America from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Weiss Ratings started coverage on shares of Titan America in a report on Wednesday, July 29th. They set a “hold (c)” rating on the stock. Finally, Stifel Nicolaus upped their price target on shares of Titan America from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, July 29th.

Institutional Trading of Titan America

Several hedge funds and other institutional investors have recently modified their holdings of TTAM. Voss Capital LP raised its holdings 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 valued at $42,848,000 after purchasing an additional 885,000 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Titan America by 46.0% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 293,928 shares of the company’s stock worth $4,844,000 after purchasing an additional 92,633 shares during the last quarter. Principal Financial Group Inc. bought a new position in Titan America in the first quarter valued at $1,167,000. River Road Asset Management LLC increased its stake in Titan America by 3.5% in the 4th quarter. River Road Asset Management LLC now owns 3,856,334 shares of the company’s stock valued at $63,552,000 after buying an additional 128,624 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Titan America in the 1st quarter valued at $1,452,000.

Titan America Trading Up 0.1%

TTAM opened at $16.07 on Thursday. The firm’s fifty day moving average is $17.09 and its two-hundred day moving average is $16.79. The firm has a market cap of $2.96 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.03 and a beta of 1.07. Titan America has a twelve month low of $13.89 and a twelve month high of $19.57. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 2.08.

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). 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 last year, the business earned $0.28 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts anticipate that Titan America will post 1.09 EPS for the current 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 paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.16 dividend on an annualized basis and a yield of 1.0%. Titan America’s dividend payout ratio is presently 16.67%.

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”).