Titan America (NYSE:TTAM) Upgraded to Hold at Zacks Research

Titan America (NYSE:TTAM) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Several other equities research analysts have also weighed in on TTAM. HSBC lowered shares of Titan America from a “buy” rating to a “hold” rating and set a $18.50 target price on the stock. in a report on Thursday, May 7th. Citigroup raised their price objective on shares of Titan America from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Wall Street Zen lowered shares of Titan America from a “buy” rating to a “hold” rating in a report on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $17.42.

Titan America Trading Down 1.6%

TTAM opened at $15.14 on Thursday. The firm’s fifty day moving average is $15.76 and its two-hundred day moving average is $16.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.96 and a current ratio of 2.99. The firm has a market cap of $2.79 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 0.98 and a beta of 1.24. Titan America has a twelve month low of $12.18 and a twelve month high of $19.42.

Titan America (NYSE:TTAM) last posted its earnings results on Tuesday, May 5th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $398.42 million during the quarter. Titan America had a return on equity of 18.35% and a net margin of 11.08%.The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 EPS. Equities research analysts anticipate that Titan America will post 1.09 EPS for the current year.

Insider Activity at Titan America

In related news, CFO Lawrence Hugh Jr. Wilt acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average cost of $14.93 per share, for a total transaction of $298,600.00. Following the completion of the acquisition, the chief financial officer directly owned 20,000 shares in the company, valued at approximately $298,600. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Titan America

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. River Road Asset Management LLC raised its holdings in shares of Titan America by 3.5% during the fourth quarter. River Road Asset Management LLC now owns 3,856,334 shares of the company’s stock worth $63,552,000 after acquiring an additional 128,624 shares during the period. Victory Capital Management Inc. increased its stake in Titan America by 7.2% in the 4th quarter. Victory Capital Management Inc. now owns 3,417,804 shares of the company’s stock valued at $56,325,000 after buying an additional 230,943 shares during the last quarter. Voss Capital LP increased its stake in Titan America by 51.6% in the 4th quarter. Voss Capital LP now owns 2,600,000 shares of the company’s stock valued at $42,848,000 after buying an additional 885,000 shares during the last quarter. Millennium Management LLC acquired a new stake in Titan America in the 1st quarter valued at $9,188,000. Finally, Venator Management LLC increased its stake in Titan America by 13.9% in the 4th quarter. Venator Management LLC now owns 522,310 shares of the company’s stock valued at $8,608,000 after buying an additional 63,660 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”).