Titan America (NYSE:TTAM) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Titan America (NYSE:TTAM) from a "buy" to a "hold" in a note to investors.
• Analysts are split—two Buy, two Hold and one Sell—leaving TTAM with an average rating of Hold and a consensus price target of $17.00.
• CFO Lawrence Hugh Jr. Wilt purchased 20,000 shares at an average price of $14.93 (about $298,600), materially increasing his ownership stake.

Titan America (NYSE:TTAM - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Monday.

TTAM has been the subject of several other research reports. Citigroup cut their price objective on Titan America from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Thursday, March 19th. Jefferies Financial Group increased their price objective on Titan America from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Monday, December 15th. Finally, Sanford C. Bernstein increased their price objective on Titan America from $15.00 to $17.00 and gave the stock a "market perform" rating in a research report on Friday, December 19th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Titan America currently has an average rating of "Hold" and a consensus price target of $17.00.

Titan America Price Performance

Shares of NYSE TTAM opened at $16.07 on Monday. The company has a current ratio of 3.03, a quick ratio of 1.91 and a debt-to-equity ratio of 0.43. Titan America has a twelve month low of $10.89 and a twelve month high of $19.42. The stock has a 50 day moving average of $16.75 and a two-hundred day moving average of $16.28. The stock has a market cap of $2.96 billion, a P/E ratio of 15.75, a P/E/G ratio of 1.16 and a beta of 1.36.

Titan America (NYSE:TTAM - Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.24 EPS for the quarter. The business had revenue of $405.66 million during the quarter. Titan America had a return on equity of 19.07% and a net margin of 11.14%.

Insider Transactions at Titan America

In other Titan America news, CFO Lawrence Hugh Jr. Wilt purchased 20,000 shares of the firm's stock in a transaction on Thursday, March 19th. The shares were purchased at an average cost of $14.93 per share, with a total value of $298,600.00. Following the purchase, the chief financial officer owned 20,000 shares in the company, valued at approximately $298,600. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Institutional Investors Weigh In On Titan America

Institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers grew its stake in Titan America by 3.0% during the 3rd quarter. Rhumbline Advisers now owns 24,073 shares of the company's stock valued at $360,000 after purchasing an additional 691 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Titan America by 3.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 26,026 shares of the company's stock valued at $429,000 after purchasing an additional 823 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Titan America by 7.1% in the 3rd quarter. Intech Investment Management LLC now owns 13,622 shares of the company's stock valued at $204,000 after purchasing an additional 898 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Titan America by 13.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,733 shares of the company's stock valued at $243,000 after purchasing an additional 1,786 shares in the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Titan America in the 4th quarter valued at approximately $30,000.

Titan America Company Profile

Titan America is a leading vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating primarily on the Eastern Seaboard of the United States (the “Eastern Seaboard”). We are a leading provider of materials that contribute to lower carbon emissions than traditional building materials and/or beneficial reuse of waste materials. We are a leading provider of heavy building materials in Florida, the New York and New Jersey Metropolitan area (“Metro New York”), Virginia, North Carolina and South Carolina (Virginia and the Carolinas, together with Metro New York and their adjacent areas, the “Mid-Atlantic”).

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