Titan America SA (NYSE:TTAM) Stock Rated “Hold” by Sell-Side Brokerages

Shares of Titan America SA (NYSE:TTAM) have been given an average recommendation of “Hold” by the seven analysts that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $19.30.

A number of brokerages recently issued reports on TTAM. Weiss Ratings cut shares of Titan America from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 17th. Citigroup raised their price objective on Titan America from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Finally, Stifel Nicolaus boosted their target price on Titan America from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th.

Institutional Investors Weigh In On Titan America

Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in Titan America by 3.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 26,026 shares of the company’s stock worth $429,000 after acquiring an additional 823 shares in the last quarter. Ancora Advisors LLC grew its stake in Titan America by 0.6% in the second quarter. Ancora Advisors LLC now owns 161,220 shares of the company’s stock valued at $3,008,000 after purchasing an additional 1,020 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Titan America by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 55,975 shares of the company’s stock worth $839,000 after purchasing an additional 1,072 shares during the last quarter. Keybank National Association OH grew its stake in shares of Titan America by 11.9% in the first quarter. Keybank National Association OH now owns 23,500 shares of the company’s stock valued at $352,000 after buying an additional 2,500 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Titan America by 2,018.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,271 shares of the company’s stock worth $103,000 after buying an additional 5,975 shares during the last quarter.

Titan America Price Performance

Shares of TTAM stock opened at $13.53 on Friday. The firm’s 50 day moving average price is $15.39 and its two-hundred day moving average price is $16.03. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 2.08. Titan America has a 52-week low of $13.28 and a 52-week high of $19.57. The stock has a market cap of $2.49 billion, a PE ratio of 14.10, a PEG ratio of 0.90 and a beta of 1.05.

Titan America (NYSE:TTAM) last posted its earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.06). The company had revenue of $470.63 million for the quarter. Titan America had a return on equity of 17.03% and a net margin of 10.35%.The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. As a group, analysts forecast that Titan America will post 1.09 EPS for the current year.

Titan America Dividend Announcement

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

Titan America Company Profile

Titan America is a building materials company that produces and supplies cement, ready-mix concrete, aggregates and other products used in residential, commercial and infrastructure construction. Its portfolio also includes concrete blocks and related construction materials, as well as supplementary cementitious materials that can be used in concrete production.

The company serves customers across the eastern United States through a network of cement plants, terminals, quarries, ready-mix concrete facilities and other distribution assets.