Titan America SA (NYSE:TTAM) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Titan America SA (NYSE:TTAM) have received an average recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $17.00.

A number of equities research analysts have recently issued reports on TTAM shares. Sanford C. Bernstein increased their target price on Titan America from $15.00 to $17.00 and gave the company a “market perform” rating in a research note on Friday, December 19th. Citigroup decreased their price target on Titan America from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Jefferies Financial Group increased their price objective on shares of Titan America from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Finally, Wall Street Zen lowered shares of Titan America from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th.

Insider Buying and Selling

In other Titan America news, CFO Lawrence Hugh Jr. Wilt acquired 20,000 shares of the stock in a transaction on Thursday, March 19th. The stock was purchased at an average price of $14.93 per share, for a total transaction of $298,600.00. Following the purchase, the chief financial officer directly owned 20,000 shares in the company, valued at $298,600. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Titan America

Institutional investors and hedge funds have recently made changes to their positions in the business. River Road Asset Management LLC increased its stake in shares of Titan America by 3.5% in the fourth quarter. River Road Asset Management LLC now owns 3,856,334 shares of the company’s stock worth $63,552,000 after buying an additional 128,624 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Titan America by 7.2% during the 4th quarter. Victory Capital Management Inc. now owns 3,417,804 shares of the company’s stock valued at $56,325,000 after acquiring an additional 230,943 shares during the last quarter. Voss Capital LP grew its holdings in Titan America by 51.6% during the 4th quarter. Voss Capital LP now owns 2,600,000 shares of the company’s stock worth $42,848,000 after acquiring an additional 885,000 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Titan America by 0.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,424,738 shares of the company’s stock worth $35,886,000 after purchasing an additional 18,448 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Titan America in the 1st quarter worth about $9,188,000.

Titan America Stock Performance

Shares of TTAM stock opened at $15.11 on Friday. The company has a current ratio of 3.03, a quick ratio of 1.91 and a debt-to-equity ratio of 0.43. The company has a market cap of $2.78 billion, a PE ratio of 14.81, a P/E/G ratio of 1.10 and a beta of 1.36. The company’s fifty day simple moving average is $17.02 and its 200-day simple moving average is $16.25. Titan America has a 52 week low of $10.80 and a 52 week high of $19.42.

Titan America (NYSE:TTAM) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.24 earnings per share (EPS) for the quarter. Titan America had a return on equity of 19.07% and a net margin of 11.14%.The firm had revenue of $405.66 million during the quarter.

Titan America Announces Dividend

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