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

Shares of Titan America SA (NYSE:TTAM) have received an average rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $19.30.

A number of brokerages have weighed in on TTAM. Stifel Nicolaus boosted their price target on Titan America from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. Citigroup boosted their target price on Titan America from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Weiss Ratings raised Titan America from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. Finally, Zacks Research raised shares of Titan America from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st.

Hedge Funds Weigh In On Titan America

Large investors have recently made changes to their positions in the business. Renaissance Technologies LLC acquired a new stake in Titan America in the 1st quarter valued at approximately $1,489,000. Voss Capital LP grew its stake 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 worth $42,848,000 after acquiring an additional 885,000 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Titan America by 46.0% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 293,928 shares of the company’s stock worth $4,844,000 after acquiring an additional 92,633 shares during the last quarter. Principal Financial Group Inc. bought a new position in Titan America during the first quarter worth $1,167,000. Finally, Lazard Asset Management LLC acquired a new position in Titan America during the 1st quarter valued at $1,452,000.

Titan America Price Performance

NYSE TTAM opened at $15.45 on Monday. The company has a quick ratio of 1.17, a current ratio of 2.08 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $2.85 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 1.00 and a beta of 1.05. Titan America has a 12-month low of $13.89 and a 12-month high of $19.57. The company has a 50 day moving average price of $16.37 and a two-hundred day moving average price of $16.39.

Titan America (NYSE:TTAM) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.06). The business had revenue of $470.63 million for the quarter. Titan America had a return on equity of 17.03% and a net margin of 10.35%.The firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. As a group, equities analysts predict that Titan America will post 1.08 earnings per share for the current fiscal year.

Titan America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Thursday, October 1st. Titan America’s dividend payout ratio is 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”).