Titan America (NYSE:TTAM) Price Target Cut to $19.00 by Analysts at Citigroup

Titan America (NYSE:TTAM) had its price target cut by Citigroup from $20.00 to $19.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently issued reports on the stock. Wall Street Zen raised shares of Titan America from a “hold” rating to a “buy” rating in a report on Saturday, November 29th. Jefferies Financial Group boosted their price objective on shares of Titan America from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, December 15th. Finally, Sanford C. Bernstein upped their target price on Titan America from $15.00 to $17.00 and gave the company a “market perform” rating in a research report on Friday, December 19th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Titan America presently has an average rating of “Hold” and a consensus target price of $16.92.

Titan America Trading Down 2.0%

Shares of NYSE:TTAM opened at $14.68 on Thursday. The company has a market capitalization of $2.71 billion and a PE ratio of 14.39. The company has a current ratio of 3.03, a quick ratio of 1.87 and a debt-to-equity ratio of 0.43. Titan America has a 12-month low of $10.80 and a 12-month high of $19.42. The business’s fifty day simple moving average is $17.51 and its 200-day simple moving average is $16.30.

Titan America (NYSE:TTAM) last posted its quarterly earnings data on Tuesday, March 17th. The company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $405.66 million during the quarter. Titan America had a net margin of 11.14% and a return on equity of 19.07%. The company’s revenue was up 4.1% on a year-over-year basis.

Titan America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Monday, April 20th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, April 20th. Titan America’s dividend payout ratio is presently 16.16%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers boosted its stake in shares of Titan America by 3.0% in the third quarter. Rhumbline Advisers now owns 24,073 shares of the company’s stock valued at $360,000 after purchasing an additional 691 shares during the period. PNC Financial Services Group Inc. increased its stake in Titan America by 3.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 26,026 shares of the company’s stock worth $429,000 after buying an additional 823 shares during the period. Intech Investment Management LLC lifted its holdings in Titan America by 7.1% during the 3rd quarter. Intech Investment Management LLC now owns 13,622 shares of the company’s stock worth $204,000 after buying an additional 898 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Titan America by 13.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,733 shares of the company’s stock worth $243,000 after buying an additional 1,786 shares in the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new position in Titan America in the 4th quarter valued at approximately $30,000.

Key Headlines Impacting Titan America

Here are the key news stories impacting Titan America this week:

• Positive Sentiment: Company reported record revenue and reiterated strategic expansion plans on the Q4 call; revenue was up year-over-year and margins/ROE remain healthy, which supports longer-term earnings power. TipRanks: Record Results
• Positive Sentiment: Titan declared a $0.04 quarterly dividend (ex-dividend April 20, payable May 8), providing an income component (≈1.1% yield) that can support investor demand for the shares. Seeking Alpha: Dividend Declared
• Neutral Sentiment: Citigroup trimmed its price target from $20 to $19 but maintained a Buy rating — a mild analyst downgrade on valuation but still signals upside potential from current levels. TickerReport / Benzinga: Citi PT Cut
• Negative Sentiment: Reported EPS of $0.24 narrowly missed Street expectations (~$0.249), which likely pressured the shares despite solid revenue — investors may see tighter near-term margin/earnings momentum. InsiderMonkey: Earnings Transcript

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”).