Titan America (NYSE:TTAM) Reaches New 12-Month High – Time to Buy?

Titan America SA (NYSE:TTAM) shares hit a new 52-week high on Tuesday . The company traded as high as $19.00 and last traded at $18.91, with a volume of 143903 shares. The stock had previously closed at $18.66.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Sanford C. Bernstein boosted their price target on Titan America from $15.00 to $17.00 and gave the stock a “market perform” rating in a research report on Friday, December 19th. Jefferies Financial Group lifted their price objective on Titan America from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Wall Street Zen raised Titan America from a “hold” rating to a “buy” rating in a research note on Saturday, November 29th. Finally, Citigroup raised their price target on Titan America from $17.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $17.36.

Titan America Trading Up 1.3%

The stock has a fifty day simple moving average of $17.09 and a 200 day simple moving average of $15.84. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.87 and a current ratio of 2.95. The firm has a market cap of $3.49 billion and a P/E ratio of 19.10.

Titan America Dividend Announcement

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

Institutional Trading of Titan America

A number of large investors have recently made changes to their positions in the stock. Diamond Hill Capital Management Inc. lifted its position in Titan America by 46.0% during 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 period. PNC Financial Services Group Inc. raised its stake in Titan America by 3.3% during the 4th 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. First Eagle Investment Management LLC lifted its holdings in shares of Titan America by 8.0% during the 4th quarter. First Eagle Investment Management LLC now owns 384,072 shares of the company’s stock valued at $6,330,000 after buying an additional 28,462 shares during the period. Keybank National Association OH lifted its holdings in shares of Titan America by 17.3% during the 4th quarter. Keybank National Association OH now owns 21,000 shares of the company’s stock valued at $346,000 after buying an additional 3,100 shares during the period. Finally, Delphi Management Inc. MA boosted its stake in shares of Titan America by 31.0% in the 4th quarter. Delphi Management Inc. MA now owns 27,615 shares of the company’s stock worth $455,000 after buying an additional 6,540 shares during 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”).