Titan America (NYSE:TTAM) Reaches New 1-Year Low - Time to Sell?

Key Points

• Titan America shares hit a 52-week low, trading as low as $11.13 and last at $11.28, below the prior close of $11.44.
• The company reported quarterly EPS of $0.22, missing the $0.37 consensus estimate, though revenue rose 5.7% year over year. Analysts’ average rating is Hold, with a consensus price target of $17.50 after several firms lowered ratings or targets.
• Titan America declared a quarterly dividend of $0.04 per share, equivalent to a 1.4% annualized yield.

Shares of Titan America SA (NYSE:TTAM - Get Free Report) hit a new 52-week low on Thursday. The company traded as low as $11.13 and last traded at $11.28, with a volume of 49,179 shares. The stock had previously closed at $11.44.

Analyst Ratings Changes

Several research firms have recently issued reports on TTAM. Zacks Research downgraded shares of Titan America from a "hold" rating to a "strong sell" rating in a report on Friday, October 16th. Weiss Ratings cut shares of Titan America from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, October 20th. Stifel Nicolaus dropped their target price on shares of Titan America from $19.00 to $17.00 and set a "hold" rating on the stock in a research report on Wednesday, October 28th. Finally, Citigroup cut their price target on shares of Titan America from $18.00 to $15.00 and set a "buy" rating on the stock in a research note on Monday. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $17.50.

Titan America Stock Down 1.0%

The business has a fifty day moving average price of $13.62 and a two-hundred day moving average price of $15.85. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.18 and a quick ratio of 0.65. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 2.48 and a beta of 1.06.

Titan America (NYSE:TTAM - Get Free Report) last announced 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 firm had revenue of $461.64 million during the quarter. Titan America had a return on equity of 14.88% and a net margin of 9.19%. The firm's revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $0.31 EPS. On average, equities analysts expect that Titan America SA will post 0.84 earnings per share for the current year.

Titan America Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, December 18th. This represents a $0.16 dividend on an annualized basis and a yield of 1.4%. Titan America's dividend payout ratio (DPR) is currently 18.39%.

Institutional Trading of Titan America

Institutional investors and hedge funds have recently bought and sold shares of the business. Rock Creek Group LLC acquired a new position in Titan America during the third quarter valued at $409,000. ARGA Investment Management LP acquired a new stake in Titan America during the 3rd quarter worth about $276,000. State of Alaska Department of Revenue purchased a new position in shares of Titan America during the 3rd quarter valued at about $106,000. Squarepoint Ops LLC purchased a new position in shares of Titan America during the 2nd quarter valued at about $915,000. Finally, Ancora Advisors LLC lifted its holdings in shares of Titan America by 0.6% in the 2nd quarter. Ancora Advisors LLC now owns 161,220 shares of the company's stock valued at $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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