Titan America SA (NYSE:TTAM) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Titan America SA (NYSE:TTAM) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $19.30.

TTAM has been the subject of a number of research analyst reports. Citigroup lifted their target price on Titan America from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Weiss Ratings downgraded Titan America from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 17th. Finally, Stifel Nicolaus raised their price target on Titan America from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th.

Titan America Stock Performance

Shares of NYSE:TTAM opened at $13.72 on Friday. The firm has a market cap of $2.53 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10. The firm’s 50 day simple moving average is $15.08 and its 200-day simple moving average is $15.95. Titan America has a one year low of $13.28 and a one year high of $19.57. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 2.08.

Titan America (NYSE:TTAM) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.06). Titan America had a net margin of 10.35% and a return on equity of 17.03%. The firm had revenue of $470.63 million during the quarter. During the same period last year, the firm earned $0.28 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, equities analysts predict that Titan America will post 1.07 EPS for the current year.

Titan America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.16 dividend on an annualized basis and a yield of 1.2%. Titan America’s dividend payout ratio (DPR) is 16.67%.

Institutional Investors Weigh In On Titan America

Several hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its stake in shares of Titan America by 2,018.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,271 shares of the company’s stock valued at $103,000 after purchasing an additional 5,975 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in Titan America by 1,902.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 15,239 shares of the company’s stock worth $251,000 after buying an additional 14,478 shares during the period. Keybank National Association OH lifted its holdings in Titan America by 11.9% during the first quarter. Keybank National Association OH now owns 23,500 shares of the company’s stock worth $352,000 after buying an additional 2,500 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Titan America during the 1st quarter valued at $375,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Titan America by 3.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 26,026 shares of the company’s stock valued at $429,000 after acquiring an additional 823 shares during the period.

Titan America Company Profile

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.