Titan America (NYSE:TTAM) Receives Hold Rating from Stifel Nicolaus

Stifel Nicolaus reissued their hold rating on shares of Titan America (NYSE:TTAM) in a research report sent to investors on Monday morning, Marketbeat Ratings reports. They currently have a $15.00 price target on the stock, down from their prior price target of $17.00.

Separately, Bank of America reissued an “underperform” rating and issued a $14.00 price objective on shares of Titan America in a research note on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.07.

Titan America Stock Performance

Shares of NYSE:TTAM opened at $14.10 on Monday. The firm has a 50 day moving average price of $13.64. Titan America has a 12 month low of $10.80 and a 12 month high of $17.78. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 0.45.

Titan America (NYSE:TTAM) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.03). The company had revenue of $429.24 million for the quarter, compared to analyst estimates of $436.95 million. The firm’s quarterly revenue was down .9% on a year-over-year basis.

Titan America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd will be paid a $0.04 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.16 annualized dividend and a dividend yield of 1.13%.

Hedge Funds Weigh In On Titan America

A number of hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. bought a new stake in shares of Titan America in the 1st quarter valued at $135,000. Cannon Global Investment Management LLC bought a new stake in shares of Titan America in the 1st quarter valued at $160,000. Venator Management LLC bought a new stake in shares of Titan America in the 1st quarter valued at $773,000. Seven Grand Managers LLC bought a new stake in shares of Titan America in the 1st quarter valued at $946,000. Finally, Eisler Capital Management Ltd. bought a new stake in shares of Titan America in the 1st quarter valued at $1,011,000.

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.