Titan America (NYSE:TTAM) Stock Price Down 4.6% - What's Next?

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

Wall Street Analysts Forecast Growth

TTAM has been the topic of a number of research analyst reports. The Goldman Sachs Group dropped their target price on shares of Titan America from $19.00 to $16.50 and set a "neutral" rating on the stock in a research note on Friday, March 28th. Jefferies Financial Group initiated coverage on Titan America in a research note on Wednesday, March 5th. They issued a "buy" rating and a $19.00 price objective on the stock. Hsbc Global Res upgraded Titan America to a "strong-buy" rating in a research note on Wednesday, March 12th. HSBC initiated coverage on Titan America in a research report on Wednesday, March 12th. They set a "buy" rating and a $19.00 price target on the stock. Finally, Stifel Nicolaus lowered their price objective on Titan America from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.29.

Titan America Trading Down 0.8%

The business has a 50 day moving average of $13.56. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.45.

Titan America (NYSE:TTAM - Get Free Report) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $391.96 million. The firm's quarterly revenue was down 1.9% on a year-over-year basis.

Titan America Dividend Announcement

The business also recently declared a -- dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were given a $0.04 dividend. The ex-dividend date was Wednesday, June 4th.

Institutional Trading of Titan America

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. purchased a new position in shares of Titan America during the first quarter worth approximately $67,597,000. Victory Capital Management Inc. purchased a new position in Titan America during the 1st quarter worth $42,625,000. Alliancebernstein L.P. bought a new stake in Titan America during the 1st quarter valued at $33,017,000. Zimmer Partners LP purchased a new stake in shares of Titan America in the 1st quarter worth $30,799,000. Finally, Voss Capital LP bought a new position in shares of Titan America during the 1st quarter worth $10,641,000.

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.