Titan America (NYSE:TTAM) Sets New 52-Week Low - Time to Sell?

Key Points

• Titan America shares hit a new 52-week low of $13.15, trading below both their 50-day ($15.00) and 200-day ($15.93) moving averages.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating from seven analysts, with an average price target of $18.50; Citigroup cut its target to $18 while retaining a Buy rating.
• The company missed quarterly earnings expectations, reporting $0.23 EPS versus the $0.29 consensus, although revenue rose 9.6% year over year to $470.63 million. Titan America also declared a quarterly dividend of $0.04 per share, yielding about 1.2% annually.

Titan America SA (NYSE:TTAM - Get Free Report)'s stock price hit a new 52-week low during trading on Monday. The company traded as low as $13.15 and last traded at $13.2650, with a volume of 4554 shares traded. The stock had previously closed at $13.67.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Weiss Ratings lowered shares of Titan America from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, September 17th. Citigroup decreased their price objective on Titan America from $21.00 to $18.00 and set a "buy" rating on the stock in a report on Friday. Finally, Stifel Nicolaus increased their target price on Titan America from $18.00 to $19.00 and gave the company a "hold" rating in a report on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Titan America has a consensus rating of "Hold" and a consensus target price of $18.50.

Titan America Stock Up 0.1%

The company has a market capitalization of $2.47 billion, a P/E ratio of 13.93, a PEG ratio of 1.17 and a beta of 1.10. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.08 and a quick ratio of 1.17. The company has a 50 day moving average of $15.00 and a 200-day moving average of $15.93.

Titan America (NYSE:TTAM - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.06). The business 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%. Titan America's revenue was up 9.6% compared to the same quarter last year. During the same period last year, the firm earned $0.28 earnings per share. As a group, equities analysts anticipate that Titan America SA will post 1.07 EPS for the current year.

Titan America Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new position in Titan America in the 2nd quarter worth $915,000. Ancora Advisors LLC boosted its stake in shares of Titan America by 0.6% during the 2nd quarter. Ancora Advisors LLC now owns 161,220 shares of the company's stock valued at $3,008,000 after purchasing an additional 1,020 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Titan America during the second quarter valued at about $7,623,000. Lazard Asset Management LLC purchased a new position in shares of Titan America during the first quarter valued at about $1,452,000. Finally, ABS Direct Equity Fund LLC bought a new position in Titan America in the first quarter worth about $449,000.

About Titan America

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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