Titan America SA (NYSE:TTAM) Given Consensus Rating of “Hold” by Brokerages

Titan America SA (NYSE:TTAM) has received an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $17.4167.

Several equities research analysts have recently commented on the company. HSBC downgraded Titan America from a “buy” rating to a “hold” rating and set a $18.50 price objective for the company. in a report on Thursday, May 7th. Citigroup increased their price objective on Titan America from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 8th. Zacks Research raised Titan America from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Finally, Wall Street Zen lowered shares of Titan America from a “buy” rating to a “hold” rating in a research note on Monday, April 13th.

Titan America Price Performance

NYSE:TTAM opened at $16.30 on Friday. 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 stock’s 50-day simple moving average is $15.79 and its 200 day simple moving average is $16.53. The company has a market cap of $3.01 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.05 and a beta of 1.24. Titan America has a 52-week low of $12.18 and a 52-week high of $19.42.

Titan America (NYSE:TTAM) last released its earnings results on Tuesday, May 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $398.42 million during the quarter. Titan America had a net margin of 11.08% and a return on equity of 18.35%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.19 earnings per share. As a group, sell-side analysts forecast that Titan America will post 1.09 EPS for the current fiscal year.

Titan America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Thursday, June 18th will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, June 18th. This represents a $0.16 annualized dividend and a dividend yield of 1.0%. Titan America’s payout ratio is currently 15.84%.

Insider Buying and Selling at Titan America

In other Titan America news, CFO Lawrence Hugh Jr. Wilt acquired 20,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was bought at an average cost of $14.93 per share, with a total value of $298,600.00. Following the completion of the transaction, the chief financial officer directly owned 20,000 shares in the company, valued at approximately $298,600. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Institutional Trading of Titan America

A number of hedge funds have recently made changes to their positions in the business. First Eagle Investment Management LLC increased its holdings in shares of Titan America by 38.7% in the third quarter. First Eagle Investment Management LLC now owns 355,610 shares of the company’s stock valued at $5,313,000 after purchasing an additional 99,300 shares during the last quarter. Voss Capital LP increased its holdings in shares of Titan America by 13.3% in the third quarter. Voss Capital LP now owns 1,715,000 shares of the company’s stock valued at $25,622,000 after purchasing an additional 201,577 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Titan America by 46.0% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 293,928 shares of the company’s stock valued at $4,844,000 after purchasing an additional 92,633 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Titan America by 152.0% in the third quarter. PNC Financial Services Group Inc. now owns 25,203 shares of the company’s stock valued at $377,000 after purchasing an additional 15,203 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Titan America by 2,018.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,271 shares of the company’s stock valued at $103,000 after purchasing an additional 5,975 shares during the last quarter.

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”).