Analysts Set Titan America SA (NYSE:TTAM) PT at $17.36

Titan America SA (NYSE:TTAM) has been assigned a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $17.0833.

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Titan America from a “hold” rating to a “buy” rating in a report on Saturday, November 29th. Citigroup boosted their price objective on shares of Titan America from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Jefferies Financial Group upped their price objective on shares of Titan America from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Finally, Sanford C. Bernstein lifted their target price on shares of Titan America from $15.00 to $17.00 and gave the company a “market perform” rating in a research note on Friday, December 19th.

Titan America Trading Up 1.0%

NYSE TTAM opened at $16.40 on Monday. The stock has a market cap of $3.02 billion and a P/E ratio of 16.56. Titan America has a fifty-two week low of $10.80 and a fifty-two week high of $19.42. The stock has a 50 day simple moving average of $17.67 and a two-hundred day simple moving average of $16.31. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.87 and a current ratio of 2.95.

Titan America Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, December 29th. Shareholders of record on Wednesday, December 17th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, December 17th. Titan America’s payout ratio is presently 16.16%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. River Road Asset Management LLC purchased a new position in shares of Titan America in the 2nd quarter valued at approximately $45,507,000. Voss Capital LP raised its holdings in Titan America by 51.6% in the fourth quarter. Voss Capital LP now owns 2,600,000 shares of the company’s stock worth $42,848,000 after purchasing an additional 885,000 shares in the last quarter. American Century Companies Inc. lifted its position in Titan America by 16.5% during the second quarter. American Century Companies Inc. now owns 5,823,647 shares of the company’s stock valued at $72,679,000 after buying an additional 823,900 shares during the period. Millennium Management LLC purchased a new position in Titan America during the first quarter valued at $9,188,000. Finally, Invesco Ltd. boosted its holdings in shares of Titan America by 3,319.8% during the 4th quarter. Invesco Ltd. now owns 515,426 shares of the company’s stock valued at $8,494,000 after buying an additional 500,354 shares in 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”).