Titan America (NYSE:TTAM) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Titan America from a "hold" to a "buy," while other recent analyst moves include Jefferies raising its target to $20 (buy) and Citigroup trimming its target to $19 but keeping a buy rating.
• Despite those upgrades, the Street consensus remains a "Hold" with a $17 consensus target; the stock was trading around $15.11 with a market cap of $2.78 billion and a 52‑week range of $10.80–$19.42.
• The company's CFO bought 20,000 shares at about $14.93 on March 19, and Titan America last reported quarterly EPS of $0.24 on $405.7M revenue with an 11.14% net margin and 19.07% ROE.

Titan America (NYSE:TTAM - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Sunday.

A number of other analysts have also commented on TTAM. Jefferies Financial Group lifted their target price on Titan America from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Monday, December 15th. Citigroup dropped their price objective on Titan America from $20.00 to $19.00 and set a "buy" rating on the stock in a research report on Thursday, March 19th. Finally, Sanford C. Bernstein lifted their price objective on Titan America from $15.00 to $17.00 and gave the stock a "market perform" rating in a report on Friday, December 19th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $17.00.

Titan America Trading Up 0.1%

Shares of NYSE TTAM opened at $15.11 on Friday. The firm's 50 day moving average price is $16.97 and its 200-day moving average price is $16.25. Titan America has a 52-week low of $10.80 and a 52-week high of $19.42. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.91 and a current ratio of 3.03. The company has a market cap of $2.78 billion, a PE ratio of 14.81, a P/E/G ratio of 1.08 and a beta of 1.36.

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

Insider Buying and Selling at Titan America

In related news, CFO Lawrence Hugh Jr. Wilt acquired 20,000 shares of the business's stock in a transaction that occurred on Thursday, March 19th. The stock was bought at an average cost of $14.93 per share, for a total transaction of $298,600.00. Following the purchase, the chief financial officer owned 20,000 shares in the company, valued at $298,600. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Titan America

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. bought a new position in shares of Titan America in the fourth quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Titan America by 633.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,170 shares of the company's stock valued at $36,000 after buying an additional 1,874 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Titan America during the 2nd quarter valued at $28,000. CWM LLC bought a new position in Titan America in the 3rd quarter worth $61,000. Finally, SG Americas Securities LLC purchased a new stake in Titan America in the 4th quarter worth $104,000.

About Titan America

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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