Titan America (NYSE:TTAM) Reaches New 52-Week High – What’s Next?

Titan America SA (NYSE:TTAM) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $17.81 and last traded at $17.40, with a volume of 36396 shares traded. The stock had previously closed at $17.61.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TTAM shares. Wall Street Zen upgraded Titan America from a “hold” rating to a “buy” rating in a research note on Saturday, November 29th. Sanford C. Bernstein increased their target price on Titan America from $15.00 to $17.00 and gave the company a “market perform” rating in a research note on Friday, December 19th. Jefferies Financial Group lifted their price target on shares of Titan America from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Finally, Citigroup increased their price objective on shares of Titan America from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.36.

Titan America Stock Up 1.6%

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 capitalization of $3.30 billion and a P/E ratio of 18.08. The stock has a fifty day moving average price of $16.13 and a two-hundred day moving average price of $15.24.

Titan America (NYSE:TTAM) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. Titan America had a return on equity of 19.80% and a net margin of 10.83%.The firm had revenue of $436.85 million for the quarter, compared to analysts’ expectations of $439.30 million. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year.

Titan America Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, December 29th. Stockholders of record on Wednesday, December 17th were issued a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. Titan America’s payout ratio is 16.16%.

Institutional Investors Weigh In On Titan America

Several institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new position in shares of Titan America during the second quarter valued at approximately $28,000. Ameritas Investment Partners Inc. acquired a new position in Titan America during the 2nd quarter valued at approximately $31,000. CWM LLC acquired a new position in Titan America during the 3rd quarter valued at approximately $61,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Titan America in the second quarter worth $65,000. Finally, New York State Common Retirement Fund bought a new stake in Titan America in the second quarter valued at $96,000.

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”).