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

Key Points

• Consensus "Hold": Seven analysts give Titan America an average "Hold" rating (1 sell, 3 hold, 2 buy, 1 strong buy) with a mean 12‑month price target of $17.36.
• Analyst momentum is improving—Jefferies and Citigroup raised targets to $20 with "buy" ratings, Sanford C. Bernstein bumped its target to $17 ("market perform"), and Wall Street Zen upgraded to "buy".
• Institutional buying has increased (Franklin Resources raised its stake 176.6%; American Century owns about 5.82M shares), and the stock trades near $16.05 (market cap ≈ $2.96B, PE 16.2) while paying a recent $0.04 dividend (DPR ~16%).

Shares of Titan America SA (NYSE:TTAM - Get Free Report) have earned an average recommendation of "Hold" from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $17.3571.

A number of equities analysts have commented on the company. Sanford C. Bernstein lifted their price target on Titan America from $15.00 to $17.00 and gave the stock a "market perform" rating in a research note on Friday, December 19th. Wall Street Zen upgraded shares of Titan America from a "hold" rating to a "buy" rating in a report on Saturday, November 29th. Jefferies Financial Group lifted their target price on shares of Titan America from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Monday, December 15th. Finally, Citigroup upped their price target on shares of Titan America from $17.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, January 8th.

Institutional Investors Weigh In On Titan America

A number of large investors have recently made changes to their positions in TTAM. Franklin Resources Inc. raised its holdings in Titan America by 176.6% in the 2nd quarter. Franklin Resources Inc. now owns 697,226 shares of the company's stock worth $8,701,000 after purchasing an additional 445,154 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Titan America by 16.5% during the 2nd quarter. American Century Companies Inc. now owns 5,823,647 shares of the company's stock valued at $72,679,000 after purchasing an additional 823,900 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Titan America during the second quarter valued at about $568,000. Alberta Investment Management Corp purchased a new position in shares of Titan America during the second quarter valued at about $3,494,000. Finally, First Eagle Investment Management LLC raised its stake in Titan America by 38.7% in the third quarter. First Eagle Investment Management LLC now owns 355,610 shares of the company's stock worth $5,313,000 after buying an additional 99,300 shares in the last quarter.

Titan America Trading Down 3.3%

NYSE TTAM opened at $16.05 on Monday. The firm has a market cap of $2.96 billion and a PE ratio of 16.21. Titan America has a 1-year low of $10.80 and a 1-year high of $19.42. The stock has a 50-day moving average of $17.69 and a 200-day moving average of $16.30. The company has a current ratio of 2.95, a quick ratio of 1.87 and a debt-to-equity ratio of 0.45.

Titan America Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, December 29th. Investors of record on Wednesday, December 17th were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. Titan America's dividend payout ratio (DPR) is presently 16.16%.

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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