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

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

Several equities analysts have weighed in on the company. Bank of America restated an "underperform" rating and set a $14.00 price target on shares of Titan America in a 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 report on Monday, July 28th.

Titan America Stock Performance

NYSE:TTAM opened at $15.01 on Thursday. 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 has a 12-month low of $10.80 and a 12-month high of $17.78. The stock has a 50-day moving average price of $15.25 and a 200 day moving average price of $14.04.

Titan America (NYSE:TTAM - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.03). The company had revenue of $429.24 million during the quarter, compared to analysts' expectations of $436.95 million. Titan America's revenue was down .9% on a year-over-year basis.

Titan America Announces Dividend

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

Hedge Funds Weigh In On Titan America

Several institutional investors have recently added to or reduced their stakes in TTAM. American Century Companies Inc. purchased a new position in Titan America during the 1st quarter valued at approximately $67,597,000. River Road Asset Management LLC bought a new stake in shares of Titan America in the 2nd quarter valued at approximately $45,507,000. Victory Capital Management Inc. bought a new stake in shares of Titan America in the 1st quarter valued at approximately $42,625,000. Alliancebernstein L.P. bought a new stake in shares of Titan America in the 1st quarter valued at approximately $33,017,000. Finally, Zimmer Partners LP bought a new stake in shares of Titan America in the 1st quarter valued at approximately $30,799,000.

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.

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