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

Key Points

• Analyst sentiment is mixed but leans “Hold”: Seven firms rate Titan America, with four holds, two buys and one sell. The average 12-month price target is $18.50 versus the stock’s recent price of $13.52.
• Recent ratings have become more cautious: Zacks Research downgraded the stock to “strong sell,” while Citigroup cut its price target to $18 but retained a “buy” rating. Weiss also lowered its hold assessment, while Stifel raised its target to $19.
• Operating results were mixed: Quarterly revenue rose 9.6% year over year to $470.63 million, but earnings of $0.23 per share missed consensus by $0.06. Titan America pays a $0.04 quarterly dividend, representing a 1.2% yield.

Shares of Titan America SA (NYSE:TTAM - Get Free Report) have earned an average recommendation of "Hold" from the seven ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $18.50.

Several analysts recently issued reports on the company. Weiss Ratings downgraded Titan America from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, September 17th. Stifel Nicolaus boosted 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. Citigroup reduced their price objective on Titan America from $21.00 to $18.00 and set a "buy" rating for the company in a research report on Friday, October 2nd. Finally, Zacks Research cut Titan America from a "hold" rating to a "strong sell" rating in a research report on Friday.

Institutional Trading of Titan America

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd lifted its stake in Titan America by 2,018.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,271 shares of the company's stock valued at $103,000 after buying an additional 5,975 shares during the period. State of Alaska Department of Revenue acquired a new position in Titan America during the third quarter worth $106,000. Keybank National Association OH lifted its position in shares of Titan America by 11.9% in the first quarter. Keybank National Association OH now owns 23,500 shares of the company's stock valued at $352,000 after buying an additional 2,500 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Titan America in the 1st quarter valued at about $375,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Titan America by 3.5% during the first quarter. PNC Financial Services Group Inc. now owns 26,946 shares of the company's stock worth $404,000 after buying an additional 920 shares in the last quarter.

Titan America Stock Down 1.1%

Shares of TTAM opened at $13.52 on Tuesday. The company's fifty day moving average is $14.38 and its two-hundred day moving average is $15.81. The firm has a market cap of $2.49 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10. Titan America has a fifty-two week low of $12.88 and a fifty-two week high of $19.57. The company has a quick ratio of 1.17, a current ratio of 2.08 and a debt-to-equity ratio of 0.51.

Titan America (NYSE:TTAM - Get Free Report) last announced its 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). The company 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 business's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 EPS. Analysts forecast that Titan America will post 1.07 earnings per share for the current year.

Titan America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 1st were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.16 annualized dividend and a yield of 1.2%. Titan America's payout ratio is currently 16.67%.

Titan America Company Profile

Titan America NYSE: TTAM is a building materials company serving the construction industry in the United States. The company produces and supplies cement, ready-mix concrete, aggregates, concrete blocks and related construction materials for infrastructure, commercial, residential and industrial projects.

Titan America operates across the eastern and southeastern United States, with activities that include cement manufacturing, aggregate extraction and processing, ready-mix concrete production and distribution.

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