Titan America SA (NYSE:TTAM) Receives $17.42 Consensus PT from Analysts

Shares of Titan America SA (NYSE:TTAM) have been assigned a consensus rating of “Hold” from the seven research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $17.4167.

Several research firms recently commented on TTAM. HSBC cut shares of Titan America from a “buy” rating to a “hold” rating and set a $18.50 price target for the company. in a report on Thursday, May 7th. Wall Street Zen cut shares of Titan America from a “buy” rating to a “hold” rating in a report on Monday, April 13th. Zacks Research upgraded shares of Titan America from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Finally, Citigroup raised their price target 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.

Titan America Stock Performance

Shares of TTAM opened at $17.98 on Wednesday. Titan America has a one year low of $12.18 and a one year high of $19.42. The company has a 50-day moving average of $16.34 and a two-hundred day moving average of $16.67. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 1.16 and a beta of 1.15. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.99 and a quick ratio of 1.96.

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

Titan America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Thursday, June 18th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, June 18th. Titan America’s dividend payout ratio (DPR) is currently 15.84%.

Institutional Trading of Titan America

Several institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new stake in shares of Titan America during the first quarter worth approximately $1,452,000. ABS Direct Equity Fund LLC acquired a new stake in Titan America in the first quarter valued at approximately $449,000. Renaissance Technologies LLC acquired a new stake in Titan America in the first quarter valued at approximately $1,489,000. Public Employees Retirement System of Ohio acquired a new stake in Titan America in the first quarter valued at approximately $375,000. Finally, Sei Investments Co. lifted its stake in Titan America by 23.2% in the first quarter. Sei Investments Co. now owns 131,242 shares of the company’s stock valued at $1,965,000 after acquiring an additional 24,672 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”).