Titan America SA (NYSE:TTAM) Stock Has Average Target Price of $19.30

Key Points

• Analyst sentiment is neutral: Titan America has a consensus “Hold” rating from seven brokerages, with five holds and two buys. The average 12-month price target is $19.30.
• Shares opened at $13.53, near the company’s 12-month low of $13.28 and below its 50-day and 200-day moving averages. Titan America’s latest quarterly EPS of $0.23 missed the $0.29 consensus estimate, although revenue increased 9.6% year over year to $470.63 million.
• The company announced a quarterly dividend of $0.04 per share, equivalent to $0.16 annually and a 1.2% yield, payable October 9 to shareholders of record as of October 1.

Titan America SA (NYSE:TTAM - Get Free Report) has received a consensus rating of "Hold" from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $19.30.

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

Titan America Stock Up 0.2%

TTAM opened at $13.53 on Friday. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 0.90 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 2.08. The firm's 50-day simple moving average is $15.39 and its 200-day simple moving average is $16.03. Titan America has a twelve month low of $13.28 and a twelve month high of $19.57.

Titan America (NYSE:TTAM - Get Free Report) last announced its quarterly 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 firm had revenue of $470.63 million for the quarter. Titan America had a net margin of 10.35% and a return on equity of 17.03%. The firm's revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 earnings per share. Equities research analysts anticipate that Titan America will post 1.09 EPS for the current fiscal year.

Titan America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Thursday, October 1st will be paid a $0.04 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.2%. Titan America's dividend payout ratio (DPR) is 16.67%.

Institutional Investors Weigh In On Titan America

A number of hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new position in shares of Titan America during the first quarter worth approximately $1,489,000. Voss Capital LP increased its holdings in shares of Titan America by 51.6% in the fourth quarter. Voss Capital LP now owns 2,600,000 shares of the company's stock valued at $42,848,000 after purchasing an additional 885,000 shares in the last quarter. Squarepoint Ops LLC bought a new position in Titan America in the 2nd quarter worth approximately $915,000. Lazard Asset Management LLC bought a new position in Titan America in the 1st quarter worth approximately $1,452,000. Finally, Principal Financial Group Inc. acquired a new position in Titan America during the 1st quarter worth $1,167,000.

About Titan America

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.

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