Analysts Set Titan America SA (NYSE:TTAM) Price Target at $17.00

Shares of Titan America SA (NYSE:TTAM) have been given a consensus rating of “Hold” by the five brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $17.00.

Several brokerages recently issued reports on TTAM. Sanford C. Bernstein increased their target price 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. Citigroup dropped their price objective on shares of Titan America from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, March 19th. Jefferies Financial Group increased their price objective on shares of Titan America from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Finally, Wall Street Zen upgraded Titan America from a “hold” rating to a “buy” rating in a research note on Sunday.

Insider Activity at Titan America

In other news, CFO Lawrence Hugh Jr. Wilt acquired 20,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was purchased at an average price 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 $298,600. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Institutional Trading of Titan America

Hedge funds have recently bought and sold shares of the business. Rhumbline Advisers raised its holdings in Titan America by 3.0% during the third quarter. Rhumbline Advisers now owns 24,073 shares of the company’s stock worth $360,000 after buying an additional 691 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Titan America by 3.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 26,026 shares of the company’s stock valued at $429,000 after buying an additional 823 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Titan America by 7.1% during the third quarter. Intech Investment Management LLC now owns 13,622 shares of the company’s stock valued at $204,000 after buying an additional 898 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Titan America by 13.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,733 shares of the company’s stock worth $243,000 after acquiring an additional 1,786 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Titan America during the fourth quarter worth about $30,000.

Titan America Price Performance

Shares of TTAM opened at $15.11 on Friday. The firm has a market cap of $2.78 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.08 and a beta of 1.36. Titan America has a 52-week low of $10.80 and a 52-week high of $19.42. The business’s 50 day moving average price is $16.97 and its two-hundred day moving average price is $16.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.91 and a current ratio of 3.03.

Titan America (NYSE:TTAM) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.24 EPS for the quarter. The company had revenue of $405.66 million during the quarter. Titan America had a net margin of 11.14% and a return on equity of 19.07%.

Titan America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Monday, April 20th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, April 20th. Titan America’s dividend payout ratio (DPR) is 15.69%.

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”).