Titan America SA (NYSE:TTAM) Receives $17.00 Average PT from Brokerages

Titan America SA (NYSE:TTAM) has been given an average rating of “Hold” by the five analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $17.00.

Several research analysts recently issued reports on the company. Sanford C. Bernstein raised their target price 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. Wall Street Zen raised Titan America from a “hold” rating to a “buy” rating in a research report on Sunday. Citigroup lowered their target price on Titan America from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. Finally, Jefferies Financial Group raised their target price on Titan America from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, December 15th.

Insider Transactions at Titan America

In related news, CFO Lawrence Hugh Jr. Wilt bought 20,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was acquired at an average cost of $14.93 per share, with a total value of $298,600.00. Following the transaction, the chief financial officer directly owned 20,000 shares in the company, valued at approximately $298,600. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Kemnay Advisory Services Inc. bought a new position in shares of Titan America in the 4th quarter worth about $30,000. Caitong International Asset Management Co. Ltd raised its position in shares of Titan America by 633.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,170 shares of the company’s stock worth $36,000 after acquiring an additional 1,874 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of Titan America in the 2nd quarter worth about $28,000. Ameritas Investment Partners Inc. bought a new position in shares of Titan America in the 2nd quarter worth about $31,000. Finally, CWM LLC bought a new position in shares of Titan America in the 3rd quarter worth about $61,000.

Titan America Stock Up 0.3%

Shares of TTAM opened at $14.99 on Friday. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 1.08 and a beta of 1.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.91 and a current ratio of 3.03. Titan America has a 52 week low of $10.80 and a 52 week high of $19.42. The stock has a fifty day moving average of $16.85 and a 200-day moving average of $16.26.

Titan America (NYSE:TTAM) last announced its earnings results on Saturday, February 14th. The company reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $405.66 million during the quarter. Titan America had a return on equity of 19.07% and a net margin of 11.14%.

Titan America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Monday, April 20th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, April 20th. Titan America’s dividend payout ratio (DPR) is currently 15.69%.

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”).