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

Key Points

• Titan America SA's stock has received a consensus recommendation of "Hold" from nine analysts, with a price target averaging $17.07.
• The company's recent quarterly earnings report showed an EPS of $0.28, missing estimates, and quarterly revenue fell by 0.9% year-over-year.
• A quarterly dividend of $0.04 per share is scheduled to be paid on October 15th, representing a 1.2% dividend yield.

Shares of Titan America SA (NYSE:TTAM - Get Free Report) have been assigned a consensus recommendation of "Hold" from the nine brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $17.0714.

Several research analysts recently weighed in on the stock. Bank of America restated an "underperform" rating and set a $14.00 price target on shares of Titan America in a research report on Thursday, July 24th. Stifel Nicolaus restated a "hold" rating and set a $15.00 price target (down previously from $17.00) on shares of Titan America in a research report on Monday, July 28th.

Hedge Funds Weigh In On Titan America

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

Titan America Trading Down 2.8%

Shares of NYSE:TTAM traded down $0.42 on Friday, hitting $14.57. 131,852 shares of the company were exchanged, compared to its average volume of 448,195. The stock has a 50 day moving average price of $13.68. Titan America has a 1-year low of $10.80 and a 1-year high of $17.78. 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 posted its earnings results on Tuesday, July 29th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.03). The company had revenue of $429.24 million for the quarter, compared to the consensus estimate of $436.95 million. Titan America's quarterly revenue was down .9% compared to the same quarter last year.

Titan America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, October 3rd will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, October 3rd.

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.