Titan America SA (NYSE:TTAM) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on Titan America, with five hold ratings and two buys; the average 12-month price target is $19.30 versus the recent $16.07 share price.
• Titan America reported quarterly EPS of $0.23, below the $0.29 consensus estimate, although revenue increased 9.6% year over year to $470.63 million. Analysts expect full-year EPS of approximately $1.09.
• The company declared a quarterly dividend of $0.04 per share, equivalent to an annualized $0.16 payout and a 1.0% yield.

Shares of Titan America SA (NYSE:TTAM - Get Free Report) have earned a consensus rating of "Hold" from the seven research firms that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $19.30.

TTAM has been the topic of several analyst reports. Citigroup upped their price objective on Titan America from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday, July 8th. Wall Street Zen cut Titan America from a "buy" rating to a "hold" rating in a report on Monday, April 13th. Weiss Ratings began coverage on shares of Titan America in a research report on Wednesday, July 29th. They set a "hold (c)" rating for the company. HSBC lowered shares of Titan America from a "buy" rating to a "hold" rating and set a $18.50 price target on the stock. in a research report on Thursday, May 7th. Finally, Zacks Research raised Titan America from a "strong sell" rating to a "hold" rating in a report on Thursday, May 21st.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Kemnay Advisory Services Inc. bought a new stake in shares of Titan America during the fourth quarter worth $30,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Titan America by 633.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,170 shares of the company's stock valued at $36,000 after purchasing an additional 1,874 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Titan America during the second quarter worth approximately $28,000. SG Americas Securities LLC acquired a new position in Titan America in the fourth quarter valued at approximately $104,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Titan America during the 2nd quarter valued at $96,000.

Titan America Stock Up 0.1%

TTAM stock opened at $16.07 on Thursday. The business's 50-day simple moving average is $17.09 and its 200 day simple moving average is $16.79. The company has a quick ratio of 1.17, a current ratio of 2.08 and a debt-to-equity ratio of 0.51. The company has a market cap of $2.96 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.03 and a beta of 1.07. Titan America has a twelve month low of $13.89 and a twelve month high of $19.57.

Titan America (NYSE:TTAM - Get Free Report) last issued its 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). Titan America had a net margin of 10.35% and a return on equity of 17.03%. The firm had revenue of $470.63 million during the quarter. During the same period last year, the firm earned $0.28 EPS. The company's quarterly revenue was up 9.6% compared to the same quarter last year. On average, research analysts anticipate that Titan America will post 1.09 earnings per share for the current year.

Titan America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 1st will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.16 annualized dividend and a yield of 1.0%. Titan America's dividend payout ratio is 16.67%.

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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