Titan America SA (NYSE:TTAM) Receives Consensus Rating of “Hold” from Brokerages

Titan America SA (NYSE:TTAM) has been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. One research 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 12 month target price among brokers that have covered the stock in the last year is $17.4167.

A number of brokerages have commented on TTAM. Wall Street Zen cut Titan America from a “buy” rating to a “hold” rating in a research note 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 lifted their price objective on Titan America from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, HSBC lowered Titan America from a “buy” rating to a “hold” rating and set a $18.50 price objective on the stock. in a research report on Thursday, May 7th.

Titan America Price Performance

Shares of Titan America stock opened at $17.31 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.99 and a quick ratio of 1.96. The business’s 50 day simple moving average is $16.09 and its two-hundred day simple moving average is $16.60. The stock has a market capitalization of $3.19 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 1.09 and a beta of 1.15. Titan America has a one year low of $12.18 and a one year high of $19.42.

Titan America (NYSE:TTAM) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $398.42 million during the quarter. Titan America had a return on equity of 18.35% and a net margin of 11.08%.Titan America’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 earnings per share. Analysts forecast that Titan America will post 1.09 EPS for the current year.

Titan America Announces Dividend

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

Insider Buying and Selling at Titan America

In other Titan America news, CFO Lawrence Hugh Jr. Wilt acquired 20,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were purchased at an average cost of $14.93 per share, for a total transaction of $298,600.00. Following the transaction, the chief financial officer owned 20,000 shares in the company, valued at $298,600. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Investors Weigh In On Titan America

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. River Road Asset Management LLC grew its stake in Titan America by 3.5% in the fourth quarter. River Road Asset Management LLC now owns 3,856,334 shares of the company’s stock worth $63,552,000 after purchasing an additional 128,624 shares during the period. Victory Capital Management Inc. grew its stake in Titan America by 7.2% in the fourth quarter. Victory Capital Management Inc. now owns 3,417,804 shares of the company’s stock worth $56,325,000 after purchasing an additional 230,943 shares during the period. Voss Capital LP grew its stake in Titan America by 51.6% in the fourth quarter. Voss Capital LP now owns 2,600,000 shares of the company’s stock worth $42,848,000 after purchasing an additional 885,000 shares during the period. Millennium Management LLC purchased a new stake in Titan America in the first quarter worth $9,188,000. Finally, Venator Management LLC grew its stake in Titan America by 13.9% in the fourth quarter. Venator Management LLC now owns 522,310 shares of the company’s stock worth $8,608,000 after purchasing an additional 63,660 shares during the period.

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”).