Titan America (NYSE:TTAM) Shares Down 4.6% - Should You Sell?

Titan America SA (NYSE:TTAM - Get Free Report)'s stock price dropped 4.6% during mid-day trading on Monday . The company traded as low as $12.45 and last traded at $12.47. Approximately 375,636 shares were traded during mid-day trading, a decline of 0% from the average daily volume of 376,351 shares. The stock had previously closed at $13.07.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TTAM shares. HSBC began coverage on shares of Titan America in a research note on Wednesday, March 12th. They issued a "buy" rating and a $19.00 target price for the company. Bank of America reduced their target price on Titan America from $16.50 to $15.50 and set a "neutral" rating for the company in a research report on Thursday, March 27th. BNP Paribas raised shares of Titan America to a "hold" rating in a report on Tuesday, March 4th. Hsbc Global Res raised shares of Titan America to a "strong-buy" rating in a report on Wednesday, March 12th. Finally, Jefferies Financial Group assumed coverage on shares of Titan America in a research report on Wednesday, March 5th. They set a "buy" rating and a $19.00 target price on the stock. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.29.

Titan America Stock Down 4.4%

The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.36 and a current ratio of 2.30. The company has a fifty day moving average price of $13.57.

Titan America (NYSE:TTAM - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $392.44 million for the quarter, compared to analyst estimates of $391.96 million. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year.

Titan America Announces Dividend

The firm also recently announced a -- dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, June 4th.

Hedge Funds Weigh In On Titan America

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTAM. Cannon Global Investment Management LLC bought a new position in Titan America during the 1st quarter worth about $160,000. Teacher Retirement System of Texas acquired a new position in shares of Titan America during the first quarter worth about $3,718,000. Victory Capital Management Inc. bought a new position in shares of Titan America during the first quarter worth about $42,625,000. Diamond Hill Capital Management Inc. acquired a new stake in Titan America in the 1st quarter valued at approximately $1,990,000. Finally, PNC Financial Services Group Inc. bought a new stake in Titan America in the 1st quarter valued at approximately $135,000.

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.

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