Titan America (NYSE:TTAM) Reaches New 52-Week High – What’s Next?

Titan America SA (NYSE:TTAM) shares reached a new 52-week high during trading on Monday . The stock traded as high as $17.81 and last traded at $17.40, with a volume of 36396 shares trading hands. The stock had previously closed at $17.61.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TTAM shares. Wall Street Zen raised shares of Titan America from a “hold” rating to a “buy” rating in a research report on Saturday, November 29th. Sanford C. Bernstein lifted their price target on shares of Titan America from $15.00 to $17.00 and gave the company a “market perform” rating in a report on Friday, December 19th. Jefferies Financial Group boosted their price objective on shares of Titan America from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Finally, Citigroup increased their target price on Titan America from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Titan America has an average rating of “Hold” and an average target price of $17.36.

Titan America Trading Up 1.6%

The firm’s 50 day simple moving average is $16.13 and its 200-day simple moving average is $15.24. The company has a market capitalization of $3.30 billion and a PE ratio of 18.08. The company has a quick ratio of 1.87, a current ratio of 2.95 and a debt-to-equity ratio of 0.45.

Titan America (NYSE:TTAM) last posted its earnings results on Wednesday, November 5th. The company reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. Titan America had a net margin of 10.83% and a return on equity of 19.80%. The business had revenue of $436.85 million for the quarter, compared to analyst estimates of $439.30 million. The business’s revenue was up 6.2% compared to the same quarter last year.

Titan America Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, December 29th. Shareholders of record on Wednesday, December 17th were paid a dividend of $0.04 per share. The ex-dividend date was Wednesday, December 17th. Titan America’s payout ratio is currently 16.16%.

Institutional Investors Weigh In On Titan America

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets purchased a new stake in shares of Titan America during the second quarter valued at approximately $28,000. Ameritas Investment Partners Inc. acquired a new stake in Titan America during the 2nd quarter valued at $31,000. CWM LLC purchased a new stake in Titan America during the 3rd quarter worth $61,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Titan America in the 2nd quarter worth $65,000. Finally, New York State Common Retirement Fund purchased a new position in Titan America in the 2nd quarter valued at about $96,000.

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”).