Titan America SA (TTAM) - What Are Investment Firms Saying About This Stock?

Key Points

• Analysts give Titan America a consensus “Hold” rating: Of seven brokerages, two rate it Buy, three Hold, and two Sell; the average 12-month price target is $17.50. Recent research included downgrades and target cuts.
• Titan America reported quarterly EPS of $0.22, below the $0.37 consensus, despite revenue rising 5.7% year over year to $461.64 million.
• The stock traded at $11.24, near its one-year low of $11.13. The company also announced a quarterly dividend of $0.04 per share, equivalent to a 1.4% annual yield.

Shares of Titan America SA (NYSE:TTAM - Get Free Report) have been given a consensus recommendation of "Hold" by the seven brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $17.50.

Several brokerages recently issued reports on TTAM. Weiss Ratings cut Titan America from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, October 20th. Zacks Research cut shares of Titan America from a "hold" rating to a "strong sell" rating in a research note on Friday, October 16th. Stifel Nicolaus decreased their target price on Titan America from $19.00 to $17.00 and set a "hold" rating on the stock in a research note on Wednesday, October 28th. Finally, Citigroup decreased their price target on shares of Titan America from $18.00 to $15.00 and set a "buy" rating for the company in a research note on Monday, November 9th.

Titan America Price Performance

Titan America stock traded down $0.16 during mid-day trading on Friday, hitting $11.24. The stock had a trading volume of 294,874 shares, compared to its average volume of 380,169. The company has a current ratio of 1.18, a quick ratio of 0.65 and a debt-to-equity ratio of 0.32. Titan America has a one year low of $11.13 and a one year high of $19.57. The firm's 50 day moving average is $13.47 and its 200 day moving average is $15.78. The firm has a market capitalization of $2.07 billion, a P/E ratio of 12.92, a P/E/G ratio of 2.41 and a beta of 1.06.

Titan America (NYSE:TTAM - Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.15). The company had revenue of $461.64 million for the quarter. Titan America had a net margin of 9.19% and a return on equity of 14.88%. Titan America's revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 EPS. On average, sell-side analysts forecast that Titan America will post 0.84 earnings per share for the current fiscal year.

Titan America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 11th. Shareholders of record on Friday, December 18th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, December 18th. Titan America's dividend payout ratio (DPR) is presently 18.39%.

Hedge Funds Weigh In On Titan America

Several institutional investors have recently bought and sold shares of TTAM. Rock Creek Group LLC acquired a new stake in Titan America in the 3rd quarter valued at about $409,000. ARGA Investment Management LP purchased a new stake in Titan America in the 3rd quarter valued at about $276,000. State of Alaska Department of Revenue acquired a new position in Titan America during the third quarter worth approximately $106,000. Squarepoint Ops LLC purchased a new position in shares of Titan America in the 2nd quarter worth about $915,000. Finally, Ancora Advisors LLC grew its stake in Titan America by 0.6% during the second quarter. Ancora Advisors LLC now owns 161,220 shares of the company's stock worth $3,008,000 after buying an additional 1,020 shares during the period.

Titan America Company Profile

Titan America, Inc. is a vertically integrated building materials company that produces and supplies materials used in residential, commercial and infrastructure construction. Its products include cement, aggregates, ready-mixed concrete and other construction materials. The company serves customers across parts of the Mid-Atlantic and southeastern United States through a network of production facilities and distribution operations. Its businesses include Roanoke Cement and Titan Florida, which supply cement and related materials to regional markets.

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