Titan America SA (NYSE:TTAM) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts' consensus: Six brokerages give Titan America a consensus rating of "Hold" (2 sell, 2 hold, 2 buy) with an average 12-month price target of $17.00.
• CFO insider buy: CFO Lawrence Hugh Jr. Wilt purchased 20,000 shares at an average price of $14.93 (≈$298,600), disclosed in an SEC filing.
• Dividend and valuation: Titan America declared a quarterly dividend of $0.04 (annualized $0.16, ~1.0% yield) with an ex-dividend date of April 20 and payment on May 8; the stock trades around $16.39 with a P/E of 16.07 and a market cap of ~$3.02 billion.

Titan America SA (NYSE:TTAM - Get Free Report) has been given a consensus rating of "Hold" by the six brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $17.00.

TTAM has been the subject of several research analyst reports. Zacks Research cut Titan America from a "hold" rating to a "strong sell" rating in a research report on Wednesday, April 22nd. Wall Street Zen cut Titan America from a "buy" rating to a "hold" rating in a research report on Monday, April 13th. Finally, Citigroup cut their price objective on Titan America from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Thursday, March 19th.

Insider Buying and Selling at Titan America

In other news, CFO Lawrence Hugh Jr. Wilt purchased 20,000 shares of the company's stock in a transaction dated Thursday, March 19th. The stock was acquired at an average price of $14.93 per share, for a total transaction of $298,600.00. Following the completion of the transaction, the chief financial officer directly owned 20,000 shares in the company, valued at $298,600. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new position in shares of Titan America in the second quarter valued at $28,000. Kemnay Advisory Services Inc. purchased a new position in shares of Titan America in the fourth quarter valued at $30,000. Caitong International Asset Management Co. Ltd increased its position in shares of Titan America by 633.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,170 shares of the company's stock valued at $36,000 after buying an additional 1,874 shares in the last quarter. CWM LLC purchased a new position in shares of Titan America in the third quarter valued at $61,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Titan America in the second quarter valued at $96,000.

Titan America Trading Down 0.4%

NYSE:TTAM opened at $16.39 on Tuesday. The stock has a fifty day moving average price of $16.30 and a two-hundred day moving average price of $16.39. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 1.18 and a beta of 1.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.91 and a current ratio of 3.03. Titan America has a 1 year low of $12.18 and a 1 year high of $19.42.

Titan America (NYSE:TTAM - Get Free Report) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.24 earnings per share (EPS) for the quarter. The firm had revenue of $405.66 million during the quarter. Titan America had a return on equity of 19.07% and a net margin of 11.14%. As a group, sell-side analysts anticipate that Titan America will post 1.15 earnings per share for the current fiscal year.

Titan America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Monday, April 20th will be given a $0.04 dividend. The ex-dividend date is Monday, April 20th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.0%. Titan America's dividend payout ratio (DPR) is currently 15.69%.

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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