Titan America SA (NYSE:TTAM) Receives Average Rating of “Hold” from Brokerages

Titan America SA (NYSE:TTAM) has been given an average recommendation of “Hold” by the nine analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $17.0714.

TTAM has been the topic of a number of research reports. Stifel Nicolaus restated a “hold” rating and issued a $15.00 price objective (down previously from $17.00) on shares of Titan America in a report on Monday, July 28th. Bank of America restated an “underperform” rating and issued a $14.00 price objective on shares of Titan America in a report on Thursday, July 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in Titan America in the 1st quarter valued at $4,947,000. PNC Financial Services Group Inc. acquired a new stake in shares of Titan America in the 1st quarter worth $135,000. Alliancebernstein L.P. acquired a new stake in shares of Titan America in the 1st quarter worth $33,017,000. Ghisallo Capital Management LLC acquired a new stake in shares of Titan America in the 1st quarter worth $3,245,000. Finally, Zimmer Partners LP acquired a new stake in shares of Titan America in the 1st quarter worth $30,799,000.

Titan America Trading Down 1.2%

Shares of NYSE:TTAM opened at $15.14 on Thursday. Titan America has a 1 year low of $10.80 and a 1 year high of $17.78. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average price is $15.24 and its 200-day moving average price is $14.11.

Titan America (NYSE:TTAM) last announced its earnings results on Tuesday, July 29th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.03). The firm had revenue of $429.24 million during the quarter, compared to analysts’ expectations of $436.95 million. The business’s revenue for the quarter was down .9% on a year-over-year basis.

Titan America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Friday, October 3rd were issued a $0.04 dividend. The ex-dividend date was Friday, October 3rd. This represents a $0.16 dividend on an annualized basis and a yield of 1.1%.

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.