Titan America (NYSE:TTAM) Hits New 1-Year Low – Here’s Why

Titan America SA (NYSE:TTAM)’s share price reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $13.15 and last traded at $13.2650, with a volume of 4554 shares. The stock had previously closed at $13.67.

Analyst Ratings Changes

Several equities analysts recently issued reports on TTAM shares. Weiss Ratings downgraded shares of Titan America from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, September 17th. Citigroup lowered their target price on shares of Titan America from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Friday. Finally, Stifel Nicolaus increased their price target on Titan America from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.50.

Titan America Stock Up 0.6%

The firm has a fifty day simple moving average of $14.84 and a 200 day simple moving average of $15.90. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 2.08. The company has a market cap of $2.50 billion, a PE ratio of 14.14, a PEG ratio of 1.18 and a beta of 1.10.

Titan America (NYSE:TTAM) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.06). Titan America had a return on equity of 17.03% and a net margin of 10.35%.The company had revenue of $470.63 million for the quarter. During the same quarter in the prior year, the firm posted $0.28 EPS. Titan America’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts predict that Titan America SA will post 1.07 EPS for the current year.

Titan America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.16 dividend on an annualized basis and a yield of 1.2%. Titan America’s dividend payout ratio (DPR) is currently 16.67%.

Institutional Trading of Titan America

Several institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC purchased a new position in shares of Titan America in the 2nd quarter worth $915,000. Ancora Advisors LLC grew its position in Titan America by 0.6% during the second quarter. Ancora Advisors LLC now owns 161,220 shares of the company’s stock valued at $3,008,000 after acquiring an additional 1,020 shares during the period. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Titan America during the second quarter valued at about $7,623,000. Lazard Asset Management LLC acquired a new stake in Titan America during the first quarter worth about $1,452,000. Finally, ABS Direct Equity Fund LLC purchased a new position in shares of Titan America in the 1st quarter worth about $449,000.

Titan America Company Profile

Titan America (NYSE: TTAM) is a building materials company serving the construction industry in the United States. The company produces and supplies cement, ready-mix concrete, aggregates, concrete blocks and related construction materials for infrastructure, commercial, residential and industrial projects.

Titan America operates across the eastern and southeastern United States, with activities that include cement manufacturing, aggregate extraction and processing, ready-mix concrete production and distribution.