Titan America SA (NYSE:TTAM) Receives $19.30 Average Price Target from Analysts

Titan America SA (NYSE:TTAM) has received a consensus rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $19.30.

TTAM has been the topic of several research analyst reports. Citigroup raised their target price on shares of Titan America from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Weiss Ratings initiated coverage on shares of Titan America in a research note on Wednesday, July 29th. They set a “hold (c)” rating on the stock. HSBC lowered shares of Titan America from a “buy” rating to a “hold” rating and set a $18.50 price target on the stock. in a report on Thursday, May 7th. Zacks Research raised shares of Titan America from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, Stifel Nicolaus upped their price objective on Titan America from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, July 29th.

Hedge Funds Weigh In On Titan America

Several hedge funds and other institutional investors have recently modified their holdings of TTAM. Rhumbline Advisers grew its holdings in shares of Titan America by 3.0% during the 3rd quarter. Rhumbline Advisers now owns 24,073 shares of the company’s stock worth $360,000 after purchasing an additional 691 shares during the period. PNC Financial Services Group Inc. lifted its position 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 valued at $429,000 after buying an additional 823 shares in the last quarter. Intech Investment Management LLC lifted its position in Titan America by 7.1% during the third quarter. Intech Investment Management LLC now owns 13,622 shares of the company’s stock valued at $204,000 after buying an additional 898 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Titan America by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 55,975 shares of the company’s stock worth $839,000 after buying an additional 1,072 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in Titan America by 13.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,733 shares of the company’s stock worth $243,000 after buying an additional 1,786 shares during the period.

Titan America Stock Performance

NYSE TTAM opened at $15.99 on Thursday. The business’s 50-day moving average price is $17.07 and its 200 day moving average price is $16.75. Titan America has a twelve month low of $13.89 and a twelve month high of $19.57. The company has a market capitalization of $2.95 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 1.02 and a beta of 1.07. The company has a current ratio of 2.08, a quick ratio of 1.17 and a debt-to-equity ratio of 0.51.

Titan America (NYSE:TTAM) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.06). Titan America had a net margin of 10.35% and a return on equity of 17.03%. The business had revenue of $470.63 million during the quarter. During the same period last year, the business earned $0.28 EPS. Titan America’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, research analysts predict that Titan America will post 1.09 earnings per share for the current year.

Titan America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.16 annualized dividend and a yield of 1.0%. Titan America’s dividend payout ratio is currently 16.67%.

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”).