Titan America (NYSE:TTAM) Shares Gap Up – Time to Buy?

Titan America SA (NYSE:TTAM) shares gapped up prior to trading on Friday . The stock had previously closed at $15.67, but opened at $16.71. Titan America shares last traded at $16.7450, with a volume of 4,131 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TTAM shares. HSBC cut shares of Titan America from a “buy” rating to a “hold” rating and set a $18.50 price objective for the company. in a research report on Thursday, May 7th. Wall Street Zen cut shares of Titan America from a “buy” rating to a “hold” rating in a research report on Monday, April 13th. Zacks Research upgraded shares of Titan America from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Citigroup lifted their price target on shares of Titan America from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.42.

Titan America Stock Performance

The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.00 and a beta of 1.15. The stock’s fifty day moving average is $15.99 and its 200-day moving average is $16.58. The company has a quick ratio of 1.96, a current ratio of 2.99 and a debt-to-equity ratio of 0.41.

Titan America (NYSE:TTAM) last issued its quarterly earnings data 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 firm had revenue of $398.42 million for the quarter. Titan America had a net margin of 11.08% and a return on equity of 18.35%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 EPS. On average, analysts forecast that Titan America SA will post 1.09 EPS for the current year.

Titan America Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Thursday, June 18th. This represents a $0.16 dividend on an annualized basis and a yield of 0.9%. Titan America’s payout ratio is currently 15.84%.

Insider Transactions at Titan America

In other news, CFO Lawrence Hugh Jr. Wilt acquired 20,000 shares of the firm’s stock in a transaction that occurred on 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 owned 20,000 shares in the company, valued at $298,600. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in Titan America during the second quarter valued at approximately $28,000. Kemnay Advisory Services Inc. bought a new position in Titan America in the fourth quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd lifted its stake in Titan America by 633.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,170 shares of the company’s stock valued at $36,000 after buying an additional 1,874 shares in the last quarter. New York State Common Retirement Fund bought a new position in Titan America in the second quarter valued at approximately $96,000. Finally, SG Americas Securities LLC bought a new position in Titan America in the fourth quarter valued at approximately $104,000.

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”).