Titan America SA (NYSE:TTAM) Given Average Recommendation of “Hold” by Analysts

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

Several equities analysts recently commented on the stock. Stifel Nicolaus increased their price objective on shares of Titan America from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Zacks Research raised shares of Titan America from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Weiss Ratings downgraded Titan America from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. Citigroup upped their target price on Titan America from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Finally, HSBC lowered Titan America from a “buy” rating to a “hold” rating and set a $18.50 price objective for the company. in a report on Thursday, May 7th.

Titan America Trading Up 0.1%

Shares of Titan America stock opened at $15.03 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 2.08. The stock has a market cap of $2.77 billion, a PE ratio of 15.66, a PEG ratio of 0.96 and a beta of 1.08. The firm has a 50-day moving average of $16.74 and a 200-day moving average of $16.52. Titan America has a 52-week low of $13.89 and a 52-week high of $19.57.

Titan America (NYSE:TTAM) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.06). Titan America had a return on equity of 17.03% and a net margin of 10.35%.The company had revenue of $470.63 million for the quarter. During the same quarter in the previous year, the business posted $0.28 EPS. Titan America’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, sell-side analysts forecast that Titan America will post 1.09 EPS for the current year.

Titan America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 1st will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.16 annualized dividend and a yield of 1.1%. Titan America’s payout ratio is currently 16.67%.

Hedge Funds Weigh In On Titan America

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets bought a new position in shares of Titan America during the 2nd quarter valued at about $28,000. Kemnay Advisory Services Inc. purchased a new position in shares of Titan America in the 4th quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Titan America by 633.1% during the fourth 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 in the last quarter. New York State Common Retirement Fund purchased a new stake in Titan America during the 2nd quarter valued at about $96,000. Finally, California State Teachers Retirement System lifted its position in Titan America by 383.5% in the 2nd quarter. California State Teachers Retirement System now owns 6,363 shares of the company’s stock valued at $119,000 after acquiring an additional 5,047 shares in 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”).