Titan America (NYSE:TTAM) Sets New 52-Week High – Still a Buy?

Titan America SA (NYSE:TTAM)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $18.70 and last traded at $18.2910, with a volume of 79425 shares changing hands. The stock had previously closed at $17.98.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TTAM. Sanford C. Bernstein boosted their price target on shares of Titan America from $15.00 to $17.00 and gave the stock a “market perform” rating in a research note on Friday, December 19th. Jefferies Financial Group boosted their target price on Titan America from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Citigroup raised their price target on Titan America from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Finally, Wall Street Zen raised Titan America from a “hold” rating to a “buy” rating in a research note on Saturday, November 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $17.36.

Titan America Trading Up 3.3%

The company has a current ratio of 2.95, a quick ratio of 1.87 and a debt-to-equity ratio of 0.45. The firm has a market cap of $3.42 billion and a PE ratio of 18.76. The firm has a fifty day simple moving average of $16.90 and a two-hundred day simple moving average of $15.73.

Titan America (NYSE:TTAM) last announced its earnings results on Wednesday, November 5th. The company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. Titan America had a return on equity of 19.80% and a net margin of 10.83%.The company had revenue of $436.85 million during the quarter, compared to the consensus estimate of $439.30 million. The company’s quarterly revenue was up 6.2% on a year-over-year basis.

Titan America Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, December 29th. Investors of record on Wednesday, December 17th were given 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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. First Eagle Investment Management LLC lifted its stake in shares of Titan America by 8.0% in the 4th quarter. First Eagle Investment Management LLC now owns 384,072 shares of the company’s stock valued at $6,330,000 after purchasing an additional 28,462 shares during the period. Keybank National Association OH grew its stake in shares of Titan America by 17.3% in the 4th quarter. Keybank National Association OH now owns 21,000 shares of the company’s stock worth $346,000 after buying an additional 3,100 shares during the last quarter. Delphi Management Inc. MA increased its position in Titan America by 31.0% during the 4th quarter. Delphi Management Inc. MA now owns 27,615 shares of the company’s stock valued at $455,000 after buying an additional 6,540 shares in the last quarter. SG Americas Securities LLC bought a new stake in Titan America in the fourth quarter worth $104,000. Finally, Voss Capital LP grew its stake in shares of Titan America by 13.3% in the third quarter. Voss Capital LP now owns 1,715,000 shares of the company’s stock worth $25,622,000 after acquiring an additional 201,577 shares during the last quarter.

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. 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”).