Titan America (NYSE:TTAM) Reaches New 1-Year Low – Time to Sell?

Titan America SA (NYSE:TTAM)’s stock price reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $12.88 and last traded at $13.0860, with a volume of 2,441 shares traded. The stock had previously closed at $13.10.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of Titan America from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Weiss Ratings lowered Titan America from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 17th. Finally, Citigroup lowered their price objective on Titan America from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Titan America currently has a consensus rating of “Hold” and a consensus price target of $18.50.

Titan America Trading Down 0.7%

The firm has a market capitalization of $2.40 billion, a P/E ratio of 13.60, a PEG ratio of 1.14 and a beta of 1.10. 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 fifty day simple moving average of $14.57 and a 200 day simple moving average of $15.84.

Titan America (NYSE:TTAM) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.06). The firm had revenue of $470.63 million for the quarter. Titan America had a net margin of 10.35% and a return on equity of 17.03%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm posted $0.28 EPS. As a group, research analysts forecast that Titan America SA will post 1.07 EPS for the current year.

Titan America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were issued a $0.04 dividend. The ex-dividend date was Thursday, October 1st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.2%. Titan America’s payout ratio is 16.67%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its stake in Titan America by 2,018.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,271 shares of the company’s stock worth $103,000 after acquiring an additional 5,975 shares in the last quarter. Aster Capital Management DIFC Ltd increased its position in Titan America by 1,902.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 15,239 shares of the company’s stock valued at $251,000 after buying an additional 14,478 shares in the last quarter. Keybank National Association OH increased its holdings in shares of Titan America by 11.9% during the first quarter. Keybank National Association OH now owns 23,500 shares of the company’s stock valued at $352,000 after acquiring an additional 2,500 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Titan America during the first quarter valued at $375,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Titan America by 3.5% in the first quarter. PNC Financial Services Group Inc. now owns 26,946 shares of the company’s stock worth $404,000 after purchasing an additional 920 shares during the last quarter.

About Titan America

Titan America (NYSE: TTAM) is a building materials company serving the construction industry in the United States. The company produces and supplies cement, ready-mix concrete, aggregates, concrete blocks and related construction materials for infrastructure, commercial, residential and industrial projects.

Titan America operates across the eastern and southeastern United States, with activities that include cement manufacturing, aggregate extraction and processing, ready-mix concrete production and distribution.